Home > Blogs > Akil Walker > My Blog
bookmark_border

Review and Protect Your Credit every quarter

By
Real Estate Agent with Bennett Realty Solutions 625668

One of the major obstacles in today's market for consumers wanting to purchase a home is credit scores. Your credit score can effect your loan amount and rate.

We are allowed one free credit report from the three major credit bureaus (Experian, Trans Union, & Equifax) every year right? Well instead of ordering all three at the same time, how about ordering one every four months. This will allow to check your credit every quarter for any changes in your report and protect yourself against possible identity theft.  you can also opt out of credit card offers https://www.optoutprescreen.com.

 

Posted by

Akil Walker of Exit Advance Realty

8500 Westphalia Rd 

Upper Marlboro, MD 20774

Visit www.akilsellshomes.com

www.mdhomesavers.com

 

 


 

 

 

 

 

 

Comments (9)
Subscribe to CommentsComment

Submit
Show All Comments
Charles Edwards Bentonville
Coldwell Banker Harris McHaney & Faucette 479-253-3796 - Bentonville, AR
AR REALTOR, Bentonville Real Estate Agent and Broker

Good idea Akil. I must confess I have not bee on top of all that. Seems like a growing concern.

Jul 21, 2010 01:07 AM
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Morning Akil,

Thanks for the heads up on quarterly credit review. Have a good day.

Jul 21, 2010 01:10 AM
Akil Walker
Bennett Realty Solutions - Bowie, MD

Thanks for the comment Charles,

it is one of those things "that we will get to later" but with short sale market in my area buyers sometimes have to wait and have their loan approved again b/c it takes soooo long! 

Jul 21, 2010 01:22 AM
Akil Walker
Bennett Realty Solutions - Bowie, MD

thanks for the comment Patrick. I will be looking for the Baldwin report this week.

Jul 21, 2010 01:22 AM
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Real estate brokers need to check their own credit scores too. When holding a real estate deposit on a deal that does not come together, make it to the closing, that broker can get a credit score grenade erosion caused by a judgement just for holding the deposit until a judge decides what to do with. Despite all the efforts to resolve the deposit dispute, you are names on the judgement that sticks like a blood sucker on your credit report for 7 years. Would you like a couple of those causing higher cost remortgage, any kind of financing rate died to the sacred credit score? Legislation needed to protect brokers not personally responsible for where the deposit ends up.

Jul 21, 2010 01:25 AM
Akil Walker
Bennett Realty Solutions - Bowie, MD

Andrew,

 

thanks for the comment and good point. 

Jul 21, 2010 01:26 AM
Mark Robinson
Geneva Financial, LLC - Beachwood, NJ
Honesty, Integrity, Service

Very good idea Akil

Jul 21, 2010 02:27 AM
Matthew Naumann
Exit Realty Charleston Group - Goose Creek, SC
Goose Creek, SC Real Estate Agent

Akil,

Great Post and great idea to take advantage of getting a free report from each reporting agency.

Thanks for sharing,

Matt Naumann

Jul 21, 2010 03:35 AM
Rhonda Burgess
Southern Living Realty Partners - Smyrna, TN
Moving to Nashville TN Real Estate Specialist

I had a conversation today with one of my good friends and I reminded her to get her free credit report before she starts the new home search.  It's good to clear up any errors before you meet with the mortgage person. 

Jul 21, 2010 01:51 PM
Back to Top

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?