Credit cards & debt | 0 Comments | 16268 Views
Don’t be f
ooled by companies and websites that offer you a free credit report, but first ask you to sign up for their service (which you then have to cancel later in order to avoid charges). Under law, you are entitled to a free credit report from each of the three major credit bureaus once per every 12-month period. The three bureaus are Experian, TransUnion and Equifax.
** A couple of clarifications: An online report is $1US and by default unless you cancel immediately you will be bill $16.95 per month thereafter. Consider carefully whether or not you need an update every month of the year. Secondly, although it says it is in 36 countries worldwide, Experian is also based in New York City like the other two companies.
To get your free credit report from each of the bureaus, you must first log onto annualcreditreport.com.
If you’re not sure why you need to check your credit report periodically, you should know that all lenders and creditors will check your report before extending credit to you in order to get a picture of your history and how you handle credit. Unless you are having problems once a year is probably sufficient to keep an eye on your account. Some employers, insurance companies and even landlords will check your report as well. So you should know what it says about you! Sometimes there are mistakes recorded that you can fix.
For info on how to fix mistakes that appear on your report, see “Disputing Credit Report Errors.” which is usually located on the home page of their websites.
Also, checking your credit report regularly will help you uncover potential fraud or identity theft if someone has taken your credit cards or Social Security number to take out loans in your name.
Be aware that you are entitled by American law to one free report per year but will find that you must pay to receive the report instantly. If you phone them they will send you a free report upon receiving a communication from you proving your identity and address.









