Since your credit history plays a crucial part in your car-buying
experience, one of the key things to do before purchasing a vehicle is
check your credit report.
According to the Consumer Financial Protection Bureau, you should
check your credit report at least once a year. You can obtain one free
copy of your credit report every 12 months from each of the three
nationwide credit reporting companies — Equifax, Experian and
TransUnion — by visiting annualcreditreport.com or calling
877-322-8228. You can also get your credit score from the national
credit reporting companies, but they will charge you a fee for your score.
So why should you check your credit report before you begin shopping
around for a new or used car? Well, for a few reasons:
To know your credit score. This gives you the opportunity to
research and determine your financing options.
To be sure the information on your credit report is correct and
up to date.