Tennessee Credit Scores – Available for FREE
Free Credit Report in Tennessee
Financial institutions consider your credit history when you want to apply for credit in Tennessee. Taking note of your credit report is always a good idea and best of all, it’s free once per year.
What is Credit History?
Your credit history begins the moment you first borrow money or apply for credit. Thorough information including when and how much was borrowed and repaid, late payments (generally 30+ days overdue) and even bankruptcy information is stored in your credit history. Your credit history determines your ‘credit worthiness’. Credit card companies, banks, auto loan companies, mortgage companies and other major lenders all use your credit history in deciding whether or not to give you credit and at what interest rate if so.
Stay Informed of Your Credit Report
Thorough details of your past financial transactions are contained in your credit history, but then your credit report summarizes this information. Your credit report has an effect on lenders by determining how much is lent to you and at what interest rate. A credit score or rating usually accompanies your credit report, which indicates your credit worthiness. TransUnion, Experian and Equifax are major credit bureaus that generate these credit reports. They give FICO scores between 300-900.
Check your scores at GoFreeCredit right now.
What Your Credit Tells TN Companies
Many aspects of your life may be influenced by your credit in TN. Financial matters from applying for a credit card to qualifying for a mortgage will necessitate consideration of your credit history and credit worthiness. Lenders decide if you should be given credit or not by looking at your credit. Good credit is crucial.