Free Credit Report

Credit Reports

A credit report includes information on where you live, how you pay your bills, and whether you’ve been sued or arrested, or have filed for bankruptcy. This information is accessed by creditors, insurers, employers, and other businesses to evaluate your applications for credit, insurance, employment, or renting a home.

The Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report once every 12 months. To order, visit www.annualcreditreport.com or call 1-877-322-8228. Do not contact the three nationwide consumer reporting companies individually. They are providing free annual credit reports only through www.annualcreditreport.com.

You should review your credit report from each agency and if you find any mistakes contact the consumer credit reporting agency immediately. The company is then responsible for researching and changing or removing incorrect data. This process may take as long as 45 days. At your request, a corrected report will be sent to those parties that you specify who have received your report within the past six months, or employers who have received it within the last two years.

Credit Report Scams

Last time I looked into the cost of TV commercials (yes I have looked into this) it cost hundreds of thousands to create and just as much to have aired on TV. When a company spends this much money on advertising, they are not offering anything “FREE” but using it as a misleader to have to give them money for something. The only one website is authorized to fill orders for the free annual credit report you are entitled to under law is www.annualcreditreport.com. Other websites that claim to offer “free credit reports,” “free credit scores” or “free credit monitoring” are not part of the legally mandated free annual credit report program. In some cases, the “free” product comes with strings attached. For example, some sites sign you up for a supposedly “free” service that converts to one you have to pay for after a trial period. If you don’t cancel during the trial period, you may be unwittingly agreeing to let the company start charging fees to your credit card.

Some “imposter” sites use terms like “free report” in their names; others have URLs that purposely misspell annualcreditreport.com in the hope that you will mistype the name of the official site. Some of these “imposter” sites direct you to other sites that try to sell you something or collect your personal information.

Tuesday, January 5th, 2010 Credit

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