If we were to believe everything we see and hear right now we would be hard pressed to be convinced that we are in anything other than a full blown financial crisis. Times are tough to be sure but most of us have been convinced that we will not receive a loan right now so there’s no point in trying; there’s no point in trying to take advantage of the low interest rates and refinancing our homes, there’s no point in trying to get a school loan for our child, there’s no point in trying to consolidate our debt through a lower interest loan, there’s no point in doing anything other than waiting it all out.

While it’s true that lenders across the board have tightened their purse strings and are scrutinizing applications with renewed fervor and stricter qualification guidelines, there is also the reality that many of us ignore – and that is the fact that we are in control of our ability to receive financing by our behavior; that which is reflected on our credit report.

So before full blown panic sets in and we are completely convinced that we have no hope, it pays to find out exactly what it is that our credit report is…well…reporting. And the way to do that is by ordering free credit reports, something that we are all within our right to receive once a year from each of the three credit bureaus.

Ordering free credit reports is easy enough to do as we can access the three credit bureaus – Experian, Equifax, and TransUnion – online where we can order a free credit report and finally know once and for all what our credit score is from each of them and what that score is being based upon. Then and only then can we take steps to fix our credit if it needs fixing or have the peace of mind that comes with knowing that our credit score will give us borrowing power even in this economy.

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