Free Annual Credit Report

[Poet Mior]

Hello BP Family. I finished reading the Beginner's Guide and started reading "The Book on Flipping Houses" by J. Scott. In Chapter 2 "Get Your Finances In Order" it states to get your credit report at www.freecreditreport.com. I found that it cost a fee to see my credit report and to get my score. I instead went to www.annualcreditreport.com, here I got my credit report from all three companies, Experian, Equifax, and Transunion. This was good for me because it gave me a breakdown of my credit summary, who inquired about my credit, negative balances and my debt to ratio.  I didn't bother checking my credit score since looking at the report I could pretty much figure out that my score should be between the 600-700's.  What I did learn that during the purchasing of my car when the dealer was "looking" for a company to give me credit he checked six companies! That's six companies checking my credit report! When I moved here from NYC I changed my phone carrier, another credit check, I opened a credit union account, another credit check, I think you get the idea.  The annual credit report is FREE every year. I suggest newbies, like me, get it.  It's a great eye-opener and it will also help with constructing your Financial Resumes.  I'm continuing the rest of the year, reading, listening to the podscasts, participating in the webinars, and networking, and paying down my last debt, my car. I just wanted to post this information for any newbies who didn't know that you can get your credit report for FREE annually. What I learned it that you gotta know your numbers if you're going to get into this business seriously. My good friend Regina use to tell me, "If you can't manage the money you have now, how are you going to manage millions?" 

[Steve Babiak]

annualcrediteeport.com is the site that supplies a free report each year. Look up credit karma website to learn more, and get a good idea of your "score". And, some credit card issuers are supplying credit scores now with their statements.