MADISON, Wis. (10/7/14)--Consumers preparing to purchase a home benefited from some credit report tips from the Credit Union National Association's director of personal finance for adults.
In a recent Bankrate.com article, CUNA's Susan Tiffany offered advice on collecting credit information. While applying for a home loan, Tiffany said, borrowers-to-be should request free credit reports from each of the three credit reporting agencies--Experian, Equifax and TransUnion.
"We usually tell people to request one of their three free credit reports from either Experian, Equifax or TransUnion every four months from AnnualCreditReport.com, but when you're getting ready to apply for a home loan, we suggest you get all three at once," she told the financial rating and personal finance website Bankrate.com. "All three credit bureaus have different reporting patterns and each could have a different error that you might need to fix."
The article was picked up by The Star-Ledger, Newark, N.J.; Houston Chronicle; Valley News, West Lebanon, N.H.; and RISMedia.com.
Other tips for homebuyers in the Bankrate.com article: