Credit Score and History information for Wyoming Residents. recommends all US citizens in Wyoming make use of their right to a free National Credit Report each year.

Free Wyoming Credit Report

When you want to apply for credit in Wyoming, financial institutions consider your credit history. It’s always a good idea to take note of your credit report and you can get one each year for free.

What is Credit History?

After you first borrow money or apply for credit, your credit history begins. Thorough information such as when and how much was borrowed and repaid, late payments (commonly 30+ days overdue) and even bankruptcy information.

Your ‘credit worthiness’ is determined from your credit history. 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

Full details of your past financial transactions are contained in your credit history, but then this information is condensed into your credit report. Lenders use it as a tool to figure out how much to lend to you and what interest rate to charge.

Your credit worthiness is indicated by a credit score or rating, which usually comes alongside your credit report. Three major credit bureaus (TransUnion, Experian and Equifax) generate these credit reports. They give FICO scores between 300-900.

What Your Credit Means to WY Companies

Your credit may affect many aspects of your life in WY. Financial matters from applying for a credit card to qualifying for a mortgage consists of your credit history and credit worthiness being considered. Good credit is crucial for receiving loans given it lets lenders decide if you should be approved for credit or not.

Last updated on Thursday, October 15 2020.