Low Interest Credit Cards

Credit score helps lenders and banks to determine your credit worthiness. After checking your score and report, lenders make the final decision whether you deserve funds or not. In United Kingdom, before lending you cash, credit card or mobile phone companies perform credit check to determine individual’s score. Are you looking for free credit check? There are three leading credit bureaus or agencies in UK. These agencies can provide you complete report within 24 hours.

These agencies have right to perform free credit check once in a year. As a result, consumers get right to get free credit score once in four months. In case, you are looking for instant and free result, then nothing can beat internet. To get instant free credit score, you can logon to computer. Several online companies provide absolutely free credit report within few minutes to needy person. J

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A new report issued by FICO, still the number one company that provides credit scores lenders view to assess an individual’s credit risk, shows a number of interesting facts about the current U.S. economy.

1. More Americans have poor credit than ever before.
2. There are also more Americans with excellent credit than there have been in the past.
3. The number of people with a mid-range score (650 – 699) has dropped.

43.4 Million Americans Probably Cannot Get a Loan

According to the FICO report, 43.4 million Americans have a FICO score below 599, which is considered poor. This number represents 25.5 % of all Americans. Their poor credit score will make it harder (or impossible) for these people to:

Get a mortgage
• Buy a car with a loan
• Get an unsecured credit card
• Rent an apartment
• Sign up for a cell phone plan

Additionally, these individuals may pay higher interest rates if they can get credit, and may pay more for car, homeowners’ or renter’s insurance.

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