The Fair Credit Reporting Act gives you the power to request a copy of your credit reports each year. The FTC started this law to allow people access to their credit reports. The tips on getting your free credit reports annually in this blog will help you get started.
What Is Detailed in Credit Reports
Each credit report consists of personal information on you and your financial history. This includes your previous addresses, credit cards and loans, and financial judgments such as a law suit or bankruptcy. Credit scores are analyzed by credit card companies, employers, insurers, and others to gauge your credit qualification. It is thus very important to confirm that your information is accurate.
How Can I Get a Copy of My Credit Report
There are 3 separate credit agencies: Experian, Transunion, and Equifax. Each may contain slightly different sets of facts. They also compile scores differently. You can request a copy of your reports online at annualcreditreport.com. This website is offered for this specific reason. You can also contact them at 1-877-322-8228 or mail a certain request form to them. You must provide your name, birth date, social security, and current and past addresses to verify your identity.
Other Website Options
There are several other websites that extract reports from particular credit agencies and monitor activity. They apprise you of specific changes to your report (such as your credit score being reviewed or new accounts established). This can help you monitor your score in between the 12 months and detecting any acts of fraud.
CreditKarma.com is one service that offers no-cost service and will not even request a credit card. Many other sites are broadcast as free but actually start charging after an initial month, so be sure to find out the conditions when you sign up. Also beware of fictitious sites that appear for commonly misspelled urls. These websites intend to grab your identity.
Summary of Tips On Getting Your Free Credit Reports Annually
The above tips on getting your free credit reports annually will help you manage your credit report. Fetch a copy of your credit report and read it carefully. Contact the credit agencies to correct mistakes. For more complex matters, consider contacting a credit consultant for further suggestions. This blog is meant only as an overview and must not be taken as financial advice.