Nationwide credit reporting companies
Equifax, Experian and TransUnion
These are the three largest nationwide providers of consumer
Their reports contain:
Information about your payment history (submitted by credit
card companies, home and auto lenders, and other creditors).
Experian also reports some positive rent payment data, i.e.,
payments that are made as agreed between tenants and
landlords. See Experian RentBureau below for more
How much credit you have.
How much credit you use.
Information from debt buyers and collectors including
Public information, like bankruptcies, liens and judgments.
Each of these companies will provide one free credit report
every 12 months if you request it.
AnnualCreditReport.com will route you to any of the three
nationwide CRAs you select. Before giving you a copy of your
report, each of these three CRAs will ask you questions to verify
your identity. These questions are designed to be those only you
If you run into difficulty getting your free Equifax.com, Experian or
TranUnion.com annual credit report(s) from AnnualCreditReport.com
or its toll-free phone number, try contacting the respective CRA(s)
directly for help:
Equifax, 800-525-6285 (Option 6)
Experian.com, 888-397-3742 (Option 2 followed
Annual Credit Report
P.O. Box 105281
Atlanta, GA 30348-5281
Wednesday, July 8, 2015
If you're looking to purchase next home or rental house , keep in mind that the homes you are considering might be in need of repairs or improvements.
In a recent study done by a major home inspection company, at least 40 percent of previously owned homes on the market have at least one serious issue or defect.
When buying real estate, you should have a professional inspection performed on the property to look for any issues that might not be visible to the untrained eye.
It's better to identify this damage before you buy so that you are not stuck with budget-busting renovations.
Below are a few major red flags you should look for when buying a home.
Look at the slope of the yard. If the land slopes towards the house, this could be causing water to run down into the foundation, which will result in moisture damage. Take a look at the foundation for any bulges or cracks that could indicate serious issues.
Your home inspector should be sure to check the electrical wiring — especially if it is an older house. If there are any flickering lights, circuits that don't work, or warm outlets, these are telltale signs of wiring issues that might be expensive to fix.
This is usually a sign that something in the house is leaking. Ceiling stains are common underneath bathrooms when a toilet, shower or bathtub has a leak. A leaky roof could be an even more expensive repair.
When you are negotiating to buy a house and damage is discovered, you can either change your mind about the sale or renegotiate for a lower price that factors in the cost of repairs. Either way, it is always worth having the home professionally inspected to identify red flags and avoid any surprises..