Credit Reports

Credit reporting is essential for successful financing, especially big ticket items like homes and vacation properties.  Good credit is key to financing any and all real estate.

Everyone who has a Social Security number is entitled to a free credit report each year.

Go to:

You are entitled to a free copy of all three credit reports annually.  The three nationwide credit reporting companies are Equifax, TransUnion, and Experian.  You can order a credit report every 4 months by using each company.  But, do not contact these three credit reporting companies individually because they will charge a fee.  Make sure you go to ANNUALCREDITREPORT.COM to order your credit report.

Credit reports do not include your credit score but obtaining the report does not affect your credit score, or  credit reports at all.

For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most consumers have credit scores that fall between 600 and 750. In 2020, the average FICO® Score☉ in the U.S. reached 710—an increase of seven points from the previous year. Higher scores can make creditors more confident that you will repay your future debts as agreed. But creditors may also set their own definitions for what they consider to be good or bad credit scores when evaluating consumers for loans and credit cards.


For more information about consumer finance protection, visit the Consumer Finance Protection Bureau’s website by clicking here.

— Melissa Stephenson