Why Bad Credit Loans Cost More

The moment you think about getting a loan, the first thing you should do is get your credit report from any of these three credit reporting agencies: Equifax®, TransUnion® and Experian®. You are entitled to one free copy from each agency every year, which gives you the benefit of comparing the reports and making sure there are no discrepancies in any one. Let’s talk about your FICO score. This score is generated by the credit bureau based on your credit information, which involves your income, savings, spending and debts. The…