Get A Copy Of Your Credit Report

It is Tom Davis here and hope you had a safe a happy holiday! Now we are back to work here in the Real Estate and this time I wish to shed some light on getting a Copy of Your Credit Report!

You can expext to pay anywhere from $2 to $20 to get a copy of your credit report. Look in the yellow pages for "Credit Reporting Agencies" to find the one that has a file on you.

Be sure to get a copy of your credit report before your lender does ! You will need to work to repair any mistakes on your credit report. You should not have to wait no more than a few days once the credit bureau receives your check. If you have recently been denied credit for one reason or another, you are entitled to a copy of your file at no cost to you. In this report you will find information about bill-paying. When and how promptly have you paid your credit cards, department store charges, auto loans, and other bill items.

Give yourself plenty of time to clear up any mistakes in your file as the credit bureau receives many inquires and it could take up to a month to respond.

In this situation where if your credit is a wreck, you will need to:

Do a lot of Shopping around among lenders

Tell the whole truth about your finances and situation in aplogetic way.

Give an explanation of what caused the bankruptcy.

The need for a clean credit report since the bankruptcy.

A Sizable downpayment is typical around 20% or more.

Banks don't like suprises so be sure to tell them everything upfront so they know what s needed to help you!!

Keep in mind that if you have charged nothing since a bankruptcy then you need to build up a credit record by charging inexpensive items or taking out small loans and then repaying them promptly. If a lender sees no repayment record then they will not know if you can now handle debt. Be sure to talk to a lender and also take a look at your credit record. If you are to get a home you want this is neccessary!

Good Luck!

To Begin Your Home Search: www.FreeHomeSearch.DreamStation.com

Thanks,

Tom Davis, Delaware Realtor

(302) 398-3757