Credit scores are vital to your financial Health

A credit score is a number that helps lenders and others predict how likely you are to make your credit payments on time. Each score is based on the information in your credit report.

Why do your scores matter?

Credit scores affect whether you can get credit and what you pay for credit cards, auto loans, mortgages and other kinds of credit. For most kinds of credit scores, higher scores mean you are more likely to be approved and pay a lower interest rate on new credit.

Lenders look at your scores when deciding, for example, whether to change your interest rate or credit limit on a credit card, or whether to send you an offer through the mail. Having good credit scores makes your financial dealings a lot easier and can save you money in lower interest rates.

There are three main credit bureaus that most creditors provide information to on a month to month basis. If you need specific information or would like to contact the bureaus, the following is their information:

EXPERIAN
(FICO)
P.O. Box 2002
Allen, TX 75013
(888) 397-3742
http://www.experian.com

TRANSUNION
(FICO CLASSIC)
P.O. Box 34012
Fullerton, CA 92834
(800) 888-4213
http://www.tuc.com

EQUIFAX
(BEACON)
P.O. Box 105873
Atlanta, GA 30348
(866) 222-5881
http://www.equifax.com

Are you worried about your credit history? Just about everyone has had a blemish or two on their credit reports. If you have had some credit issues in the past, buying a house is still a real possibility for you. ST Mortgage can help you find out how to improve your credit score while we are helping you to find the right financing for the purchase of your home.

Give us a call today or fill out this form and fax it to us.