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Don't Wait for a Rejected Loan Application to Receive Your Credit Score

Columbus, Ohio – July 21, 2011 – Apprisen Financial Advocates/Consumer Financial Services Service is a national nonprofit consumer Financial Services agency that provides personal Financial Services and financial education. Starting July 21, you can receive a free credit score if you apply for a loan and are rejected or approved at less than ideal terms.  Lenders will have to disclose the range for that score and the factors that negatively impacted the borrower’s score, such as late payments or high debt levels.  This will be valuable information for people to understand what their barriers for good credit are.  “But consumers shouldn’t wait for a rejected loan or undesirable terms to find out this information” states Jana Root, spokesperson for Apprisen. “They need to be proactive in knowing what their score is and how to improve it.”  People who review their report and know their score ahead of time are in a better position to address credit issues early and set themselves up for a successful application. 

So you won’t be surprised, here is some advice from Apprisen Financial Advocates to help you be ready for your next loan application.

  • Review at your credit report – You can obtain a free copy of your credit report from each of the three credit reporting agencies, Equifax, Experian and Trans Union, by going to . For a fee of $7.95, they will give you your credit score.  A free option to receive an estimate of your credit score would be to go to  Just answer a short questionnaire and you will receive a credit score range based on your answers.
  • Know how your credit score is calculated – The major factor in determining your credit score is making your payments to your creditors on time, every time. Next, keep your credit balances low and create a plan to pay off your debt.  In addition, only open up credit when you need it and never open a credit account to receive a promotional item or a percentage off your purchase.
  • Educate yourself – Is there information on your report that is incorrect?  How long will something stay on your credit report?  Seek out resources that can help you get back on track with your credit report.  A good place to start would be the Federal Trade Commission’s website,

Whether you find out beforehand or are struggling with a low credit score, it won’t stay that way forever.  What you are doing today has more influence on your credit score then what has happened in the past.   So take some action and create a plan to improve your credit score so next time you apply for credit, you will receive the best terms possible.

For help with understanding your credit report, you can visit our website,  /learning-center/quick-tips or make an appointment with one of our certified financial counselors to discuss your situation.

About Apprisen
Apprisen Financial Advocates, a national nonprofit Financial Services agency, has been helping consumers manage their finances and get out of debt for over 55 years. Certified counselors provide money management, debt counseling, HUD-approved housing counseling and financial education. Services are provided in-person in 10 states through local offices and nationally by phone or the Internet. The oldest nonprofit Financial Services agency in the country, Apprisen Financial Advocates is known in its local communities as Consumer Financial Services Service (CCCS). Accredited by the Council on Accreditation (COA), Apprisen is a member of the National Foundation for Financial Services (NFCC), the Better Business Bureau (BBB), and AICCCA. Information is available 24/7. Call 800-355-2227 or visit the website, You can also follow CCCS/Apprisen on Facebook and on Twitter.


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