Did you know you’re entitled to a free credit report from each of the three U.S. credit bureaus each year (go to: www.annualcreditreport.com). Now you can get more insight into the lending process. As of July 21, 2011, if you get turned down or don’t get the best terms on a loan, credit card or insurance policy due to your credit score, you must be shown the score used
to judge you.
The five new required disclosures are:
-Your credit score.
-The range of possible credit scores under the model used to generate the score.
-The key factors (at least four) that adversely affected your credit score in the model used.
-The date on which the score was created.
-The name of the person or entity that provided the credit score.
To learn more about credit scores, go to the FICO web site at www.scoreinfo.org.
Whether you are considering selling or purchasing a home you should always use the services of a full-time, professional Realtor. As your real estate professional I am able to answer your questions about the home selling and buying process. I would love to be your Realtor, give me a call at 713-822-8555 or email anytime to Pamela@SellingHomesInHouston.com.
Pamela Efferson, Broker Associate – Realtor
ASR, CSR, GRI, HRC, SRES
Member HAR, NAR, TAR, WCR
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