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Instant Credit Report Online

Sites offering FREE credit reports
> Free Credit Report from
> Free Credit History and Score from Consumer Info
NOTE: Free reports are brief and are usually from only one Credit Bureau.

Paid Reports
> Equifax 3-in-1 Credit Report
> Full Credit History from ALL three credit bureaus in one place.

Credit Repair & Debt Counseling
> Debt Consolidation

Personal Loans
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Information provided by Credit Report Providers

An Instant Credit Report Online

Before signing up with a credit counseling service consider the following facts:

--About 60 percent of those who sign up for credit counseling drop out before completing the program and a significant number of drop-outs go on to file bankruptcy. Many debtors find the four year program to be too rigid and difficult to stick with, and those who stay with it and complete it find that they have no extra money each month. In other words, they're basically living paycheck to paycheck while most of there income is sent to pay creditors. It's not a fun way to live for four years, particularly, when one considers that most of the debt can be wiped out in a few months by filing Chapter 7 bankruptcy.

--Although the ads for credit counseling services promise that your monthly bills will be lower, this isn't always true. Some people find their bills actually increase each month or decrease by as little as $10.00! The ads also don't tell you that not all of your creditors are willing to participate. More and more creditors, particularly the big credit card companies, are raising their standards for acceptance while lowering the fees they pay to credit counseling services. In fact, one of the "Big 10" credit card companies now requires all debtors to prove that they are in financial difficulty before accepting them into a new payment program. Another of the Big 10 credit card companies will actually raise your interest rate when you sign up for a credit counseling program.

--There are too many dishonest credit counseling services in operation. Knowing that 60 percent of their clients will drop out of the program, they try to collect as much as they can upfront from debtors. Watch out for hidden fees written in the contract that allow the counseling service to keep all or most of the payments you make during the first few months as their fee. These agencies don't care about helping you get out of debt; they only want to collect $200 or $300 from you as quickly as possible knowing there is a good chance you will drop out soon.

For the reasons above, the FTC and IRS have taken certain actions against credit counseling services.

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Mortgage scenarios described on this website may reflect interest-only, adjustable rate mortgages, in addition to other conforming loan products. Lenders in our network may determine the lowest rate available to you based on individual variables including, but not limited to, self-stated credit rating, collateral, and ability to repay.

Explaining Refinance Loans
Refinancing is the process of renegotiating your existing mortgage agreement. This process may include increasing or decreasing the principal or paying out the mortgage in full, dependiing on the terms of the loan. Renewal At the end of a mortgage term, the mortgage may "roll over" on new terms and conditions acceptable to both the lender an d the borrower. This is known as renewing a mortgage. If satisfactory terms cannot be agreed upon, the lender is usually entitled to be repaid in full. In this case, the borrower may seek alternative financing.

Explaining Home Equity Loans
Home Equity loans are sometimes referred to as a second mortgage or borrowing against your home. The loan allows you to tap into your home's built-up equity, which is the d ifference between the amount your home could be sold for, and the amount that you still owe. Homeowners often use a home-equity loan for home improvements, to pay for a new car, or to finance their child's college education. A home-equity loan is a good way to borrow money.

Explaining Purchase Loans
A purchase loan is a loan for a new property. Borrowers may or may not have an existing home or property in order to qualify for a new home loan. Usually lenders will ask for collateral in the form of a down payment or other assets in order to qualify for a new home loan. Credit worthiness usually an important factor when determining eligi bility for a Purchase loan.

Credit Importance
You do not have to have good or excellent credit to qualify for a loan. Participating lenders may qualify you for a loan based on many independent variables, one of which is credit. However, having better credit will typically give you access to a greater selection of loan products from a given lender.

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