Real Estate Loans Need Credit Reports

April 14th, 2005

Buying a home or other real estate begins with getting a loan, and getting a loan depends on the borrower’s credit. A 2003 law requires the three major credit bureaus, Experian, TransUnion and Equifax, to provide consumers, on request, a free credit report once in 12 months. They maintain a website for the purpose: www.annualcreditreport.com. However, any error in typing the address may take the user to an “impostor site,” which will try to sell credit services instead of providing the free credit report. An easier method is to call their automated toll-free number, (877) 322-8228. Fixing any “dings” or errors in the credit report beforehand will make it easier to get a real estate loan.

Entry Filed under: Sacramento real estate, Rocklin, Folsom, Roseville, Sacramento, Rancho Murieta, El Dorado Hills, Davis, El Dorado, Stockton, Modesto