The Fair Credit Reporting Law gives you the power to get a copy of your credit reports every year. This law was enacted by the FTC to allow people to review their credit report for errors and fraud. It is helpful to know how to obtain free credit score reports and to exercise your rights.
What Is Detailed in Credit Reports
Each credit report consists of personal facts on you and your financial history. It monitors past addresses, credit cards and mortgages, and financial judgments such as a law suit or bankruptcy. This information is referenced by lenders, employers, insurance companies, and the like to determine your capacity to pay a new debt. It is therefore critical to confirm that your information does not have any issues.
Where Can I Request My Credit Report
There are 3 major credit bureaus: Equifax, Experian, and Transunion. Each can retain slightly varying sets of information. They also tally scores differently. There is a combined website at annualcreditreport.com where you may get your credit reports. You can also contact them at 1-877-322-8228 or mail a certain request form to them. You will be asked to give your name, date of birth, social security, and one or more addresses to confirm your identity.
Alternate Credit Reporting Sites
There are a wide range of other sites that take information from individual credit bureaus and keep track of credit activity. They inform you of certain activity in your credit file (such as your score being pulled or new debts being set up). This is helpful for following your score in between the 12 months and exposing any fraudulent activity.
CreditKarma.com is one service that offers no-cost service and will not even request a credit card. Many alternate services are marketed as free but ultimately charge a fee after the initial trial period, so find out about the terms when you sign up. Also be careful of fictitious websites that take advantage of slightly misspelled urls. These websites intend to grab your identity.
Summary of How To Obtain Free Credit Score Reports
Now that you know the benefit of regularly reviewing your credit report and how to obtain free credit score reports, it’s time to get started. Get a copy of your credit report and analyze it carefully. Contact the credit agencies to remove mistakes. For more complicated issues, consider hiring a credit consultant for further help. This blog is provided solely as an overview and must not be construed as legal advice.
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