Obtaining a free credit report is actually a legal gift for all people. Since the law now allows individuals to obtain one free report per agency per year, anyone who wants to keep a close eye on their credit report can obtain a free report as often as every four months. Although this plan is being moved out slowly in order to avoid overloading the system, generally everyone can now obtain a free credit report by just asking.
This law, passed in late 2003, called the Fair & Accurate Credit Transactions Act, creates a central source consumers can use to obtain a free annual credit report.
You can obtain a free credit report from companies such as Equifax, Experian, and Trans Union. Knowing your current credit report is important, but one has to be equally cautious while getting this information. If you're thinking about getting a loan or credit card, it's a good idea to check your credit report.
Amazingly, the Federal Trade Commission (FTC) also offers tips and guidelines on getting free credit reports. If there is an inaccuracy in your report, they also offer tips to help you get it fixed so it won't spoil your chance of getting a loan. If you are getting ready to apply for a home loan, you should know what is on your credit report before your lender ever sees it. Individuals with several negative remarks, or credit report errors, have a lower chance of getting approved.
Remember that you need to review this report carefully. Carefully reviewing your basic information such as your name, address, previous addresses and social security number can ensure easy flowing if you are in the process of getting a home loan or refinancing.
The bottom line is that your credit score is important for obtaining credit, loans, or even a car. By understanding where your credit report is, and being able to fix it
This law, passed in late 2003, called the Fair & Accurate Credit Transactions Act, creates a central source consumers can use to obtain a free annual credit report.
You can obtain a free credit report from companies such as Equifax, Experian, and Trans Union. Knowing your current credit report is important, but one has to be equally cautious while getting this information. If you're thinking about getting a loan or credit card, it's a good idea to check your credit report.
Amazingly, the Federal Trade Commission (FTC) also offers tips and guidelines on getting free credit reports. If there is an inaccuracy in your report, they also offer tips to help you get it fixed so it won't spoil your chance of getting a loan. If you are getting ready to apply for a home loan, you should know what is on your credit report before your lender ever sees it. Individuals with several negative remarks, or credit report errors, have a lower chance of getting approved.
Remember that you need to review this report carefully. Carefully reviewing your basic information such as your name, address, previous addresses and social security number can ensure easy flowing if you are in the process of getting a home loan or refinancing.
The bottom line is that your credit score is important for obtaining credit, loans, or even a car. By understanding where your credit report is, and being able to fix it
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