Credit Reports are vital to your success as an Investor

Without good credit history and scores, your career is dead. Take care of your report, it's your responsibility. No one else cares whether you have too many accounts, too few, late payment histories, charge offs....well no one except the lender that your trying to get a loan from that is.

There are thousands of websites touting "free" credit reports. I've been scammed myself in looping websites that appear like they are free, require a credit card to confirm your identity, then wham! The next credit card bill that comes in shows you've just paid 29.99 for the report & your locked into a 12 month credit monitoring contract. Oh...and good luck trying to cancel it with the person on the other end of the line from Indonesia who only speaks broken English and doesn't understand your request! I think scam companies like that hire non-english speaking personel on purpose..you get so frustrated, you just pay.

In any case, the link below will take you to a truly FREE credit report. The government says consumers are allowed one free report per year from each of the reporting agencies. Make sure you take advantage of it. This site will also allow you an easy "fix errors" link should you see things reported in error.

A few tips on what lenders want to see...

1- 3 to 5 accounts (no more, no less) revolving, paid on time

2- aged accounts, not new ones

3- real estate mortgages, paid on time of course

4- 30% debt ratio on revolving accounts (ie: a credit card with a $1000. limit and only a $300. balance, used regulary)

5- score over 720

6- limited inquiries

CLICK HERE FOR FREE CREDIT REPORT