How to get your Credit Report

Important - The first thing you need to do is to pull your 3 Credit Reports + Fico Score!

There are 3 places where you can get your Free Credit Report + Fico Score! All you have to do is try their monitoring services for a limited time which are very useful in taking control of your credit situation - you can cancel anytime.

Or for a very low price you can get your 3 credit reports + Fico Score if you don't want to try any of their free services - but I do suggest you check out their free programs. You can try a very cool way to get your credit on track!

" The best spot I’ve found on the Internet to check my credit is myFico.”
– Chicago Tribune

Millions of consumers just like you go to check their free credit report and free credit score every hour, every minute, every second of every day. They offer the fastest, most reliable and secure credit report data available. Serving America since 1998.

Credit management products like their 3-in-1 Credit Report and Score Watch help consumers make informed decisions when making purchases, securing loans, paying for college educations, and managing their personal finances.

myFICO is the ONLY place where you can get your FICO scores, the scores that lenders use, from all three credit bureaus.

Remember : You can also go to www.annualcreditreport.com which is a government company set up to give you a free credit report once a year. The Negative: They only give you a brief credit report with No Fico Score!

In order to truly see what Lenders see, you either have to pay for your credit reports or try a service for a limited time for free!

Credit Reports and Fico Scores are 2 different things. It's important to make sure that you get your Credit Report + Fico Score. You will have to get your 3 credit reports in order to have the tools needed to determine your finance type and get your loan. Pull your Credit Report + Fico and learn how to read it!

Your Credit Score is also known as:
Fico Score or
Beacon Score

Your Credit Score will determine:

What your Rate will be
What your finance type is
How much a lender will let you borrow
What your terms will be

Credit Reports and Fico Scores

We Break it down so you can understand!

Your Credit Score is very important because it is the first thing that Lenders will look at when determining whether they give you a loan or not!

National Credit Scores See how your Fico score compares with everyone else

800 and above = 13%

750 - 799 = 27%

700 - 749 = 18%

650 - 699 = 15%

600 - 649 = 12%

550 - 599 = 8%

500 - 549 = 5%

499 and below = 2%

Credit Tiers

Credit Inquiries

Do Credit Inquiries hurt my credit?
Our Research shows that the Fico score predicts when someone is rate-shopping, like student loans, mortgage and auto loans. Usually the Fico score ignores inquiries made between a 30 day period.
So as long as you find your loan within 30 days, your credit score should not be affected!

Does this mean I can have my credit pulled as many times as I want?
No. Many inquiries mean greater risk to Lenders. Statistically, those with eight inquiries or more on their credit reports can be up to eight times more likely to declare bankruptcy than people with no inquiries on their reports.

So Credit Inquiries do hurt your chances to get an Auto Loan!
That's why it is better to get your Loan Approved Online before you go to the Dealership!

There are Six Main Credit Tiers that Lenders use to determine your Auto Loan

When you apply for an Auto Loan, the lender makes a decision based on your stabily, past credit history and your ability to pay the loan.

The Six Tiers are as follows:

A+Tier ( 740 to 900 Credit Score )
The very best Interest Rates
0 Down Loans
Extended terms 72, 84, or 96 months

A Tier (700 to 739 Credit Score)
Good Interest Rates
0 to Low Down Payments
Extended Terms to 72 months

B Tier (660 to 699 Credit Score)

C Tier (581 to 659 Credit Score)

D Tier (520 to 580 Credit Score)

F Tier ( 300 to 519 Credit Score)

Fico scores are your credit rating They range from 300-850, higher is better Most lenders base approval on them Higher scores mean lower interest rates Fico scores are calculated based on your rating in five general

categories:
Payment history - 35%
Amounts owed - 30%
Length of history - 15%
New credit - 10%
Types of credit - 10%

Now that you have your credit report you can go to the next step and find out how to read it or go to one of the following steps!

Chapter 1 Steps

1. Get your Free Credit Report Plus learn why it's important to have one.

2. How to read your Credit Report Step by step instructions.

3. Determine your type Find out what type of Loan you need.

4. Auto Loan Directory Get your financing approved easy.

CHAPTER 1

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