Doug's Credit Center Blog

Get Free Copy of Credit Report Before You Buy a Car


When it’s time to get a new car, it’s easy to get caught up in the fun and excitement of test drives and comparison shopping. Once you select the vehicle you want, it’s time to deal with the aspect of car buying that few people enjoy – submitting an auto loan credit application and waiting to hear if you are approved. Many people face the disappointment of learning that they can’t qualify for the auto financing they need because of problems with their credit report. That’s why it is important to check your credit before you begin shopping for a new car at any location.

 

Checking Your Credit is Easy

Checking your credit is easy and can be done for free. Federal law requires that all three of the major credit bureaus provide consumers with a free copy of their credit report every 12 months. You must use the website www.annualcreditreport.com in order to do this. If you are going to apply for auto loans online, it’s best to check all three at the same time. Each report does not necessarily contain the same information, so you need to check all three in order to verify:

  • All the information is accurate.
  • Errors are removed right away.
  • Old debts are paid off and shown as paid in full.

Also, you should bear in mind that while the report is free, you must pay a fee to each bureau in order to see your credit score.

Other Websites You Can Use

There are a number of other websites that offer a free copy of your credit report, as well as your credit score. However, you usually have to enroll in their credit monitoring service in order to get the free report, and you are normally only able to get the report from the one credit bureau associated with the website. Be sure to check carefully for all charges before you sign up for these services.

Checking your credit report before applying for your car loan is a good idea. It’s easy to get your free report, and it can save you the embarrassment of being turned down for a loan. Make this your first step before you shop for your next vehicle.


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