Annualcreditreport gives you a credit report free when a year, but they do not give the credit score of yours. I've been a lender for 7 years, and believe that me when it comes to getting your loan done everybody looks for credit scores. The credit rating of yours is a bench mark for banks to sell the mortgage of yours on the secondary market. Usually investors use a middle credit score to figure out the creditworthiness of yours. Here is what myFICO® says in respect to how vital it's knowing your credit score.

How credit scoring allows you
Credit Score gives lenders a faster snapshot of the credit risk of yours. Most lenders are now using FICO® to determine your score. Prior to the scoring process was applied there was a biased opinion of the credit of yours. Now there is much less none bias opinion of your creditworthiness with credit score automation process with all 3 credit bureaus. When pulling your credit report with all three Credit Bureaus you typically get a score. Since annual does not provide this, you've to get your report through other service providers.
Below are a few advantages of credit repair customer service reviews (Going Here) scores.
* You get loans more quickly The credit scores of yours can be delivered with a few key strokes with present day technology. with the quick process this helps lenders boost the decisions making process. Even mortgage programs could be made within ours, rather than weeks.
* Credit Decisions are fairer Credit selections could be created of information rather than emotions. Factors like the gender of yours, race, religion, marital status and nationality are not considered by credit scoring.

* More Credit is Available
Lenders are able to approve more loans as the credit scoring process gives them the info on which to base there decision on. It allows lenders to identity individuals that are likely to work well in the future although they have had difficulties in the past. Each lender has its own credit score recommendations, so if a person denies you, you might get approved everywhere else. The application of credit scores offers lender the assurance to supply a lot more credit to individuals since they much better understand the chance they are taking.