To successfully gain homeownership, it’s important to understand your credit and how to repair it be prepared to get your home. Here is some great information to understand more about credit scores, and how it can affect your ability to purchase the home you want. We also give you pointers on how to improve your credit score and understand your credit file easily.  

To Understand Your Credit First Let’s Understand Who Are the Credit Reporting Agencies

Below are the three agencies that the credit bureaus report to. Credit reporting agencies are companies that gather information on consumers who use credit  cards and sell that information in the form of credit reports to grantors, such as banks, finance companies, and retailers. Credit bureaus keep records of consumer debt and how regularly these debts are repaid. They gather information from creditors who send payment data to credit bureaus, usually monthly, showing what each account-holder owes or has paid. The data show  if payments are up to date or overdue and if any action has been taken to collect overdue bills.  The credit bureau adds this data to existing information in consumer files, creating a history of activity on consumer accounts.

Everyone is entitled to one free credit report per year. Click this link to request your credit report .

Once you receive your credit report contact us for an appointment to review your credit report.

1. Trans Union LLC, 2 Baldwin Place PO Box 2000, Chester, PA 19022 ***(800) 888- 4213 www.transunion.com

2. Equifax  PO Box 740241 Atlanta, GA 30375 *** (800) 685-1111  www.equifax.com

3. Experian PO Box 2002 Allen, TX  (888) 397-3742 www.experian.com