Are Free Credit Reports Really Free?
May 8, 2008
A law was passed in 2003 by Congress that made is a requirement of Trans Union, Experian and Equifax to be make a credit report available to all consumers one time each year for free. All you need to do is visit the Annual Credit Report website and request a copy of your credit report from all of the three major credit reporting agencies. Read more
Why You Need to Request an Annual Credit Report
May 8, 2008
A credit report is a very important part of every consumer’s financial well being unfortunately there are many consumers that have likely never set eyes upon their credit report. Free annual credit reports are offered to each and every consumer one time each year. So why is it important to request a copy of your annual credit report?
The biggest reason that you should request your annual credit report is that there very well be mistakes on your credit report. You may have mistakes on your credit report and no nothing about it. Mistakes on your credit report can mean loosing out on being able to purchase a home; a car or they can even cost you employment opportunities. You want to carefully go over each copy of your annual credit report form the three major credit reporting agencies. It is normally a simple procedure to repair a mistake on your credit report as all you should have to do is fill out a short form on the credit agency’s website.
You need to have a credit report in good standing if you plan to make large purchases such as a new home or a new car. If you are well aware of the condition of your credit report you will be able to do things like negotiate a better interest rate or lower monthly payments.
Requesting your annual credit report is an essential part of repairing your credit. You can first carefully go over your credit reports (you need to make sure to request reports from all three major credit reporting agencies as not all creditors report to the same agency). Then you want to begin starting to pay off each and every unpaid account that is listed on your credit report.
So the next time you run across www.annualcreditreport.com take the time to request your annual credit report. You will be happy that you did.
