Everyone is entitled to a free credit report annually from each of big credit bureaus. It is recommended that you check each report thoroughly as there is often different information on each credit report. This occurs because each credit bureau keeps your personal information private. Unfortunately it also opens the door for inaccurate information.
The major CRAs (credit reporting agencies) consist of: Equifax, TranUinon and Experian. Every year upon your request each one will give you a co[y of your credit report free of charge.
It is important to review your reports carefully. If you find any outdated or inaccurate information be sure to contact the CRA and inform them of the error. Errors on your credit report can be a serious matter as they may affect your credit score, making it difficult to qualify for loans etc.
There are 3 ways to get your hands a hold of your free report. One: fill out the back side of the brochure by the Federal Trade Commission and send by mail to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. Two: Make a call to (877) 322-8228. Three: Go online to Annual Credit Report . com and request them.
Each report will have your personal information, such as: Your address, employer, date of birth etc. It will also contain a detailed summery of all your accounts and credit products including: payment history and outstanding balances and any collections or late payments.
Note: Your credit is based on your credit report but is not listed on the report itself. Your FICO rating is designed for credit lenders and is simple way to summarize all the information contained in the report into a numerical representation of your payment history.
You will want to access your free credit reports via a centralized agency. Its up to your whether or not you order all three credit reports all at once or you may order them over the course of the year.
More information is available through the credit consumer report website.
About the Author:
Jacob Damier has been assisting people with credit for over 10 years and is a contributing consultant for CreditConsumerReport .com and works closely with Veridian credit Union and Evergreen Credit. For more information and resources regarding credit feel free to visit our site.
Get all the information and photos:: http://coringa.info/finance/facts-on-free-credit-reports
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