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WHY IS IT IMPORTANT TO CHECK YOUR CREDIT REPORT?

They say ignorance is bliss, but this cliché definitely does not ring true when it comes to a credit report. In fact, being ignorant about your credit can be down right dangerous.


Whenever you want to make a financial move, whether it is buying a car, renting an apartment, or buying a home, your credit report will follow you. And if the financial history that exists on this report is less than stellar - whether it is the result of your own bad spending habits or an identity thief's activities on your accounts -- you could be financially paralyzed.


Your credit report alone does not say whether or not you pose a credit risk to potential lenders - instead, it provides lenders with the data they need to make that decision on their own. The financial information has been organized on a credit report via one of the three national credit bureaus. These credit bureaus, also known as credit reporting agencies, collect information about your financial actions from lenders, landlords and creditors and sell that information to businesses so those businesses can make an educated decision as to whether or not they want to do business with you.

Your credit report has a huge impact on whether or not you can:


Rent an apartment

Buy a house

Buy a car

Lease a Car

Buy a boat

Get a job


Because your credit report has such a great impact on what you can do financially, it is important that you check your credit report regularly. By checking your free credit report before you make a big financial move, you will get a good sense of where you stand financially before you are surprised at a negotiating table.


And perhaps even more importantly, by reviewing your free credit report you scan your financial history for any signs of identity theft - a rampant crime these days. Your credit report lists all accounts open in your name, so if you see any accounts you do not remember opening or any other information about yourself or your finances that seems suspicious, you can take care of the situation right away.

You can obtain a free annual credit report at www.annualcreditreport.com. They also have the tools to dispute incorrect information on your report.

 
 
 

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ROC Financial Solutions, LLC. is an originating entity and financing consultant of business purpose funding.  9105 All Saints Road Unit D 330, Laurel MD 20723  ROC Financial Solutions, LLC. is licensed or exempt from licensing all states that they do business in.  We lend on real estate in AL, AK, AR, DC, CO, CT, DE, FL, GA, HI, IL, IN, KS, KY, LA, ME, MD, MA, MI, MO, MT, NH, NM, OH, OK, OR, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY.   (Our down payment assistance program is available nationwide).  We lend on business loans in all 50 states.  ROC Financial Solutions originates loans under 12 CRF 1026.3 (a)(1) and 12 CFR 1024.5 (b)(2) Business purpose loans that are exempt from coverage under RESPA as defined by 12 CFR 1026.3 (a)(1) of Regulation Z.   ROC Financial Solutions, LLC only originates business purpose loans on non-owner-occupied residential and commercial, non-TRID regulated real estate properties, or business working capital loans.   Rates, terms, and conditions offered to qualified borrowers, may vary upon loan product, deal structure, location, lender, or other applicable considerations, and are subject to change at any time without notice.   Moreover, any rates, terms and conditions communicated via email shall only constitute a general, non-binding expression of interest on the part of ROC Financial Solutions, LLC., and the associated lender and do not create any legally binding commitment or obligation on the part of ROC Financial Solutions, LLC., and are expressly subject to, but not limited to, the credit, subject property, Investor experience, legal review, and lender approval process.  ROC Financial Solutions LLC., also operates as a Wholesaler on investment residential and commercial, non-owner-occupied properties.  ROC Financial Solutions, LLC., is exempt from licensing for these types of properties and is not a licensed real estate agent or broker.  The recipient of this message agrees to hold harmless ROC Financial Solutions LLC.  DISCLAIMER: ROC Financial Solutions does not finance owner occupied residential real estate. We offer commercial business purpose funding options strictly for non-owner-occupied real estate, and businesses.  Disclosure:  This is a partner program whereas ROC Financial Solutions LLC works with a private lender to offer these services, and ROC Financial Solutions will earn a referral fee from the lender for offering such services.  If you have received this message in error, please delete it.   Our Privacy Disclosure Statement can be found at https://www.rocfinancialsolutions.com/private-policy   Copyright © 2024 ROC Financial Solutions LLC, All rights reserved. 

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