Bad Credit Personal Loans Credit Score

Some companies will claim to help get you a loan at the cheapest rates. However, once you receive the loan, you might find high rates of interest attached, coupled with hidden fees that the reps failed to tell you about. Therefore, if makes sense to stay alert when you are searching for loans online. If you do not read the fine print, you could sign yourself over to even larger debts. Check your credit score before you approach a lender. You can obtain a copy of your credit report containing credit related information from any of the three major credit reporting agencies. Furthermore, you can obtain your personal credit reports for free as stated in the FCRA or the Fair Credit Reporting Act. Under this Act, every individual is entitled to receive a free credit report from any of the three major credit-reporting companies in the United States once a year, Experian, Equifax, and Trans Union. Your free credit report contain your personal information (such as your name and address), how you paid your past and previous bills, and any delinquencies you have committed such as late payments as well as if you have filed for bankruptcy.