How Accurate Are These Credit Report Websites?
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
I've recently applied to get a business start up loan and the company (Noble Financial) said my score was "0" and I know my score is "705" from checking with "Freecreditreport.com (Experian)" and I've made all my master credit card payments on time and in full and had nothing on my report that would lower it. My history is only five months, but I know my score can't be "0".
How Accurate Are These Credit Report Websites?I have never used one of the credit report websites as I never wanted to pay for the service. Depending on your state, you can actually check your credit report from each of the 3 credit reporting agencies through annualcreditreport.com and it's for free (again, depending on your state). I've never heard of a "0" score, but it is estimated that 75% of all credit reports have errors on them, so it is very important to keep a close eye on it and attempt to correct the errors (it's a nightmare!). They may not be giving you a true fico score, maybe they are giving you a score that they have formulated. I would certainly check directly with Experian and have them send you your report and score if they provide it.
How Accurate Are These Credit Report Websites?If the Report is from one of the three major credit reporting agencies, Experian, TransUnion, or Equifax, then they are probably reliable. BUT... check all three, you have a right to receive a free report from each agency once a year anyway, and it's worth doing. A credit report check-up is vital to your financial well-being. You need to know what they are saying about you, cuz credit reports are used not only in credit decisions, but employment and housing decisions.
The company that your credit score was "0" is crazy, as the minimum score is 400 (if you are currently in backruptcy. May I suggest that you bring your report to the company, and find out WHO they use to obtain a credit report. It sounds to me like this guy is trying to give you a line of S***.
Also, you have the right to correct any errors that you may find on the report. Just make sure you have to proof of the error.
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