Obtaining copies of a credit report

It is advised that a borrower check their own credit score before applying for and receiving quotes for home improvement loan rates. The more accurate the quotes, the fewer problems the borrower will have at the closing of the funding. Obtaining copies of a credit report can be done by contacting one or all three of the nationally recognized credit reporting agencies; Equifax, Experian, and TransUnion. These agencies offer a credit report free of charge to the borrower. Once the credit score is known, a check for inaccuracies that may lower it should be done. The best way to raise a credit score quickly is to pay down credit cards to at least 20% of their limits. Any other credit raising methods should be advised from finance professionals. The higher the credit score, the better the home improvement loan rate will be. Good credit is a sign of responsibility in paying off debts.