Check your credit score Virginia

In fact, your payment history affects your FICO credit score more than any other single factor. For example, my Equifax report said my payment history was very good. Some of my other categories were labeled as above average.

But when I checked my Equifax credit score, I found that it was in the excellent category. It was close to 800, which is an excellent credit score by any measurement. I just want you to know how important your payment history is when it comes to your FICO score.

I was rated as above average in other categories, but my payment history got a higher rating of very good. This lifted me up to the excellent credit-score range. This is a big deal check your credit score Virginia when applying for a mortgage loan.

Having good credit will increase your chances of getting approved for the mortgage, and it will also help you secure a lower interest rate. So not only do you check your credit score Virginia get the loan, but you also save money by paying less interest on it. She checked all three of her reports as well, and she came across a negative item that appeared on all of them. We were surprised by this, because we are pretty anal about paying our bills on time. We examined the report and found out that Capital One had reported her as being late on some credit card payments. free credit report all three She started off with a slew of colorful phrases that I cannot repeat here. When she was done with that, she reminded me of a problem she had with Capital One in the past. Long story short, she had called to close an account, and they tried to stick her with some interest charges after she'd check your credit score Virginia closed the account. She did the diligent thing by getting her current balance so check your credit score Virginia she could close the account properly. But then a couple of weeks later, she logged into her account to make sure it was closed and found that there were various interest charges and penalty charges. This is a game credit card companies used to play when their customers would try to close an account. I think the Credit CARD Act has since made this type of thing illegal, but don't quote me on that. As a result of this one negative item, my wife's credit scores were lower than mine. report the credit Late payments and missed payments can really hurt your scores. Granted, this was the only negative entry on a long credit history, so it didn't cause a lot of damage.

But it still bumped her from the very good category down to the above average category. And that kind of thing can result in a lower interest rate on the mortgage loan.

So she disputed check your credit score Virginia the error as soon as she found it, to try and have it purged from her reports. The details of our credit histories are not the focus of this article. The point I'm trying to make is that you need to check your credit reports at least a month before applying for mortgage loan. If check your credit score Virginia you find erroneous items on your reports like we did, you can dispute check your credit score Virginia it through the reporting company that produced a report.

If the erroneous item is on all three of your reports, then you'll have to dispute it three times. When you dispute a negative entry, check your credit score Virginia the credit-reporting company must investigate it in a timely manner.

You can learn check your credit score Virginia about it by researching the Fair Credit Reporting Act, if you are so inclined. your credit report online If their investigation supports your dispute -- check your credit score Virginia or if they can't make a check your credit score Virginia determination one way or the other -- they are required to remove the negative entry from your credit report.

Depending on the nature of the disputed item, it might take several weeks to get it off your credit reports.

This is why I urge you to check your reports before you start the mortgage application check your credit score Virginia process. LEVA Providing Opportunities for Professional Development LEVA is recognized throughout the world as the leading organization for state-of-the-art public safety video production and forensic video analysis training.