Check Your Credit Report

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Real Estate

Check Your Credit Report

When qualifying for a mortgage, credit card or car loan, credit card companies and lenders rely on credit scores, which determine someone’s chances to borrow money — and how favorable the terms will be.

Check your own score yearly by ordering reports from the three major credit scoring companies: Equifax (, Experian (, and TransUnion (

Notify the credit bureau of inaccuracies. Close accounts not in use. Request that late payments older than seven years be removed. Verify and update accounts and account numbers. Verify address and Social Security number.

There are services and programs you can join that monitor your credit and sends alerts if there is activity happening in your file.  

How to Improve Your Score if it is low: Pay your bills on time! Reduce outstanding debt. Build up your savings. Don’t fall for illegal schemes that help you create a new credit identity.

Interest rates are increasing, but are still pretty low.  Keep your credit in good standing and you wont be impacted as much by the increases.

Rhonda Scott, Licensed Real Estate Agent in Virginia

Shaffer Realty, LLC