Free Credit reports are exactly what we say, you are allowed under law
to receive a free copy of your credit report from the major credit
reporting agencies at least one time per year. The government helped
pass this through several years ago and it is a great help to people who
need or want to see what is on their credit report.
A credit report is a very important part of your financial history
because it tells new and old creditors how you are handling credit and
if you are current on your obligations. Making payments on time is
everyone's idea when they incur any type of debt or obligation, but,
sometimes things get out of our control and payment dates slip behind
and we get further in debt.
Using this service of getting a copy of your free credit report annually
allows you to make sure that everything that is showing on your credit
report is your credit and has been documented properly. The folks at the
credit reporting agencies try hard to input all the credit they receive
daily, but, sometimes mistakes are made by them or by your actual
creditor when they send their reports in.
When you do find that something is on your credit report that should not
be there, the credit reporting agencies have forms that you can fill out
and submit to them whereby you are protesting an entry or data that they
are showing on your credit report. They will then investigate your claim
and if you are correct, they should fix the problem as soon as possible.
Free credit reports are only available one time per year and if you need
a copy of your credit report more often than once per year, you will
need to buy or pay for it. Knowing what is on your credit report is very
important and checking at least once per year is a good way to make sure
you have not been a victim of identity theft or other illegal use of
The society we live in is tied to credit and we are all tied to our
credit scores. These credit scores are a way for the major credit
agencies and creditors to understand how we accept our credit and pay it
back. Not everyone will pay back the money they borrow and those folks
should have a lower credit score than the people that make their
payments on time each and every month.
Free credit reports are free and remember, it does not matter if you
need credit or not, it is always a good idea to know what is showing on
your credit report. The best website to go to is AnnualCreditReport.com
as this is the only authorized site that is allowed under law for you to
get your free credit reports.
With the economy slowing down like it has this last year or two, it is
very important to understand and view your credit report at least
annually. Since receiving your reports is free and quick, we recommend
that everyone hop on board and get your free credit reports today.