Many people who are looking to rent, or buy a property are unaware of their actual credit score. They believe that the free credit scores that they receive from companies in the marketplace are accurate or, that the one score that they receive from their bank credit card is accurate.
The Fair Isaac Corporation is the company who created the algorithm for the credit score that we know today. The major credit reporting agencies are: Equifax, Experian and Transunion. While some of these companies are used more in certain parts of the country for certain good and services, all three are used for housing. A mortgage lender is looking for your middle score.
The biggest challenge that we see with aspiring homeowners, and serial renters is that they are unfamiliar with their own credit report and score, and they have limited knowledge of the entire process and how it may affect their credibility.
Please use the links that you see around this website to go to MyFico so that you can purchase a copy of your credit report and see everything about your credit history. After your purchase, consider setting up a personal finance coaching session with me, where the intricate details of your report, and strategies to permanently improve your report will be shared with you.
ALL OF MY CLIENTS RECEIVE A COMPLIMENTARY PERSONAL FINANCE COACHING CREDIT SESSION WITH ME TO PREPARE FOR HOMEBUYING.