Free Credit Reports – Get Your Annual Credit Reports For Free

Davion Wong asked:

Your free credit reports are very important documents which you should always get every year. This will help you evaluate your overall credit standing and identify areas that need to be improved to make sure you have a good credit score. Poor credit ratings have many disadvantages which can greatly affect your financial lifestyle that may eventually affect your quality of life.

First of all, you don’t have to worry about spending few bucks for the documents because they are free credit reports sent to you upon request. There are several ways to get your free copy of the reports; such as going online and log on to the website that offers to give you free copies of your credit report. Another method is to call their customer support hotlines and request your copy; and lastly, you may ask for a copy of the request brochure from the Federal Trade Commission; fill up the form found at the back and mail it to the Annual Report Credit Request Services.

There are several reasons why you should get your free credit reports; and one of the main reasons is to check and verify if all the entries in your financial records are correct. There are many instances wherein people were very surprised that they can not get a loan; and their loan applications were always denied due to poor credit ratings even if they are prompt in all their payments and they always meet their financial obligations on time. Only then did they find out that there were erroneous entries in their credit report which greatly affected their credit score. Therefore, avoid this event to happen to you by getting your copy of the free credit-reports.

Another reason why you should get your free credit reports is to make a check and balance on your part by helping you realize which aspect of your financial behavior that needs to be improved. This will greatly help you achieve your desired high credit score in order for you to easily get applied loans approved in the future.

Still there are many things you can learn form your financial records for whatever purposes you may have today and in the future. Always take advantage of the benefits that the government and other agencies offer to you by requesting your own free credit reports today and once every year.

Troy

Obtain A Free FICO Score

Zach Ford asked:

If you’ve read or heard anything about credit scores, you’ve heard mention of a FICO score but may not know what it is. The FICO calculates all your financial activities into a score ranging from 300 to 850. The higher your score, the better credit risk you are. The FICO is a tool used by lenders to help them decide if you’re a good credit risk. Anyone who applies for a loan will likely have their credit checked and their FICO number could make the difference between being approved for the loan or turned down.

Your credit report, used to calculate your FICO score, is an accounting of all your financial activity. Returned checks (NSF), late payments and loan defaults are all reported by your creditors to the three major credit history companies. If you pay off a loan early or make all your payments on time, there’s no glowing recommendation made. A credit report and the resulting FICO score are merely a dry accounting of financial facts.

You can and should receive a free credit report and FICO score every year from the three major credit-reporting companies. By calling or going online, it’s easy to keep an eye out for any erroneous information or mix-ups on your credit history.

The more responsible you’ve been with credit, the better your FICO score will be. Your score above 700 identifies you as an excellent credit risk and qualifies you for lower-interest loans as well as access to higher credit limits. You’re still considered a good risk if your score is above 680 but less than 700 but if the FICO sinks below 580 you’re considered a poor credit risk.

Your FICO is your credit reputation, just as your family name is your character reputation. It’s important to check it at least yearly to be sure that you’re not a victim of credit fraud. Your financial reputation is nearly as important as your personal reputation in this age of credit and credit abuse. Perhaps you want to buy your first home and have worked hard the past few years to establish yourself as a good credit risk; without regular checks of your credit report, all your conscientious efforts can be ruined by fraudulent activity of which you were unaware.

Like everything else, your credit report and FICO score needs to be watched. It would be wise to designate a certain time of year to request your credit report. By checking your credit regularly you can maintain your reputation as a good credit risk, prevent or quickly report fraudulent activity and avoid being the victim of identity theft.

Rick

Free FICO Credit Score

Zach Ford asked:

A FICO credit score is the complex calculation of all of your past financial activities into a numerical score between 300 and 850, 300 being the worst and 850 being the best. Your FICO score is used by financial institutions to determine whether you are suitable for a loan or other credit related service.

It is very important for you to understand how your FICO score impacts your financial opportunities and, as a result, your life. Your FICO score is based on your credit report. A credit report is a history of all previous financial activities, credit cards, utility bills, mortgages, and your payment history. A better credit history results in a higher FICO credit score. Banks and other lenders use this score to evaluate your likelihood of making future payments on time, thus reducing their risk.

FICO scores range between 300 and 850, and can be grouped as such:

700 – 850 — Excellent or Very Good Credit

680 – 699 — Good Credit

620 – 679 — Okay or Average Credit

580 – 619 — Low Credit

500 – 580 — Poor Credit

300 – 499 — Bad Credit

Your FICO Score is a very important number when it comes to your finances, it shows lenders your reputation and tells them how much trust they should bestow in you. The higher your credit score, the more you will be able to pick and choose the terms of your loan, including lower interest rates. Make monitoring your FICO credit score and credit report part of your yearly financial routine. If you let your credit get away from you it could take years or mind numbing frustration to get it back into a desirable range.

How Do I Check My FICO Score and Credit Report?

Theresa

ICB Trade Lines – Piggyback Credit Increases FICO Score

libertyunitesus asked:

Fair Isaac Corp., the company responsible for FICO credit scores, has decided that when it unveils a new version of its credit score system in September, it will close the loophole that allowed piggybacking. Angry proponents of piggybacking say they’ll organize a grass-roots campaign to fight against the change. With piggybacking, a consumer with poor credit is placed as authorized user on the credit card of a person with a stellar credit history. Authorized users benefit from having the payment history of the primary cardholders show up on their credit reports, thereby improving their credit scores. Lenders have complained that it is fraud and distorts the credit score system. Internet companies have created an industry by playing middleman — paying a small sum to those with good credit to take on those with bad credit as authorized users, then collecting healthy fees from those consumers. Now one of those Web-based firms has threatened to organize an effort to expose problems in the credit scoring system. “Our very existence (proves) that the FICO system is so flawed,” says John Coates, spokesman for Instant Credit Builders based in Largo, Fla. Fair Isaac says that starting in September it will ignore authorized users as it calculates the renowned FICO credit score. “Fair Isaac has become aware that Web-based services are using authorized trade lines to defraud lenders,” says Craig Watts, spokesman for Fair Isaac. “While we work with the financial services industry on

Ashley

Free Credit Report Online: Useful Tips

Charle Lawrence asked:

As per the Fair and Accurate Credit Transaction Act 2003, the top credit bureaus Equifax, Experian, and Trans Union offer online credit repots that too free. Credit reports are crucial for two reasons. Firstly, you can make out any error in your credit history and take effective measures within due time. Such an error may fetch you poor credit, which would contract your chances of finding financial aid in the near future at decent rates. The second reason is to ensure that there is no identity theft and your personal details are secured. With knowledge you can take required steps and make rectifications. Let us know all about free credit report online and how you can get one in a simplified manner.

Taking account of your credit score also benefits you prior to applying for loans, as it is taken as a parameter of your credibility. It also affects the interest rates of the loan amount and a good credit score lands you a better position to negotiate a beneficial deal with the lender. You can have three free credit reports from each bureau, once in a year. You can go through some of the authentic sites and order reports from different agencies at different time of the year. This is a sensible way to keep track over your credit status throughout the year. The online mode is advisable because it is fast and there are lesser chances of your report getting lost or misplaces due to any mishap.

Every bureau has its own set of questions for you to confirm your identity. This may include the balance on a specific credit card account. Just after your identity is verified, your report will be made accessible for you. However, always take care of the fact that you surf through authentic sites.

Larry

Where Can I Get My Free Credit Report

Steve Evans asked:

et a free online Experian Credit Report at their web site locations when you sign up for a free trial of credit monitoring and the service is free as long as you cancel soon afterwards and before the initial free trial period is over. Simply fill out your information for identification purposes, answer a few questions and your credit report will be available to you online, in seconds, once your identity has been confirmed.

Your Username and Password will then enable you to view your credit report for 30 days over the Internet in the most secure environment that they can provide. You will also have access to an array of benefits offered by the credit card company.

Getting your Credit Report & Credit Score is the first step in knowing your credit. Monitoring your credit report allows you to stay on top of your credit on a daily basis.

Take the guesswork out of what/\’s happening with your credit say the guys and gals at Triple Advantage. They offer the opportunity for you to enroll in a free 7-day trial of Triple Advantage and get a FREE credit report & credit score just for trying it!

The fact is that consumers living throughout the U.S., have had the right to order a free copy of their credit report thanks to a federal law, known as the Fair and Accurate Credit Transactions Act (FACTA), adopted by Congress in 2003. Now that credit reports are free, consumers have better access to this important document and can take steps to make sure it offers a fair picture of their credit history.

Your credit is one of your most important assets. Having good credit means you should have more options to borrow money at the lowest cost and from the best lenders. It also means that others who look at your credit such as landlords, insurance companies, or even prospective employers are less likely to turn you away or penalize you because you have poor credit.

In this world where fraud seems like a second language on the internet, we sometimes find it hard to trust companies we want to deal with, and it is right to be careful. When it comes to repairing your credit, we recommend that you must be extremely careful about who you choose to help you along our way.

Many credit repair companies do also claim to remove negative credit as fast as you can flick a switch. Their advertisements make bold assertions and money-back guarantees. One such advert said, for example, “Bankruptcy, tax liens, judgments… no problem!! One hundred percent guaranteed!! Credit report 100% cleared in 30 days!!” Can they really make such sweeping guarantees? You decide, but be cautious and if you are worried about the risk do take expert advice.

CreditReport.imess.net – is worth a try. I know you can use it to monitor your credit and also do clean off any bad items in your credit report. You can apply for free initial plan and get your scores and reports for free.

I know that they do say that the only way to get a free credit report that is actually free is through the government.

Freecreditreport.com , Experian, Transunion, and Equifax are all in it together to make money out of us. So, where can I get a “really” free credit report without having to give up my credit card information and sign up for some monthly membership or a dumb “identity theft monitoring alert” service?

Unfortunately in order to get your credit report a lot of the websites ask for your credit card information. They do that so when you sign up for a free trial if i you don/\’t cancel within that time they can charge your account. I am told that Myfico.com is one of the best ones out there. I believe you can sign up for their free 30 day trial and cancel it before the 30 days was up and don/\’t get charged anything.

Information here should not be construed as advice and it is offered without legal responsibility or liability. It must be emphasised that you should consult a professionally qualified individual or company (such as an accountant, financial adviser or solicitor for example) should you need advice on your financial situation, as they will be able to fashion their advice to your position accordingly.

Frederick

Where Can I Get My Free Credit Report and Other Questions Answered

Steve Evans asked:

et your free online Experian Credit Report at the FreeCreditReport web site when you sign up for a free trial of Triple AdvantageSM Credit Monitoring. Simply fill out your information for identification purposes, answer a few questions and your credit report will be available to you on-line, in no time at all, once your identity has been confirmed.

Your Username and Password will enable you to view your credit report on some of these services for 30 days over the Internet in the most secure environment that they can provide. You will also have access to an array of benefits located in services like – My Credit Center.

Getting your free Credit Report and Credit Score is the first step in knowing your credit. Monitoring your credit report allows you to stay on top of your credit on a daily basis.

You should do this to take the guesswork out of what/\’s happening with your credit.

Your credit is one of your most important assets. Having good credit means you should have more options to borrow money at the lowest cost and from the best lenders. It also means that others who look at your credit such as landlords, insurance companies, or even prospective employers re less likely to turn you away or penalize you because you have poor credit.

Your personal credit report contains such information as your name, current and previous addresses, phone number, Social Security number, date of birth, and current and previous employers. Your spouse/\’s name may appear on your version of the credit report, but it will not appear on the version that is provided to others. This information comes from your credit applications, so its accuracy depends on your filling out the forms clearly, completely and consistently each time you apply for credit.

Creditreport.imess.net is worth a try. Many people say they have used it to monitor their credit and some have said that they also cleaned off some bad items from their credit report. You can apply for a free initial plan and get your scores and reports for free.

In all your thoughts about credit reporting do keep in mind there are 3 reporting agencies. If you keep track of when you pull each of the three then you can spread it out to one every 4 months. That would be ideal if you could do that.

Freecreditreport.com, Experian, Transunion, Equifax are all in it to make some money from providing these reports. So many people are asking where they can get a genuine free credit report without having to give up my credit card information and sign up for some monthly membership or a dumb “identity theft monitoring alert” service?

Unfortunately, in order to get your credit report a lot of the websites ask for your credit card information. They do that so when you sign up for a free trial if you don/\’t cancel within that time they can charge your account. Myfico.com is one of the best ones out there. I understand that users have reported that they signed up for there free 30 day trial and also cancelled it before the 30 days was up and indeed didn/\’t get charged anything.

What is a free credit report?

The answer lies in the last three words of your question and is self-explanatory. A free credit report is when a credit bureau provides an individual a copy of their credit report without a charge.

It/\’s exactly what it says it is. A free credit report.. in other words, you don/\’t have to pay for it.

Am I entitled for a free credit report?

I am not sure whether this is correct, but I have been told that residents of Colorado, Massachusetts, Maryland, New Jersey, and Vermont are entitled under state law to one free report per year from a credit reporting agency. If you are a resident of Georgia, you are even entitled to more reports at two each year.

This is very useful especially if you have been denied credit on the basis of information in a credit report.

Who is eligible?

I am not a legal expert but I did find a statement on the web that said that based on the Fair Credit Reporting Act, sections 612 (b), (c), and (d), you are entitled to one free credit report per year directly from a credit reporting agency only if you certify that you are unemployed and seeking employment in the next 60 days, you are receiving public assistance, or you believe there are inaccuracies in your report due to fraud or have been denied credit because of information on your credit report. To get your free credit report, go directly to a credit reporting bureau and have proof of the criteria that entitles you to receive your free credit report.

Information here should not be construed as advice and it is offered without legal responsibility or liability. It must be emphasised that you should consult a professionally qualified individual or company (such as an accountant, financial adviser or solicitor for example) should you need advice on your financial situation, as they will be able to tailor their advice to your situation accordingly.

Dora

Where Can You Really Get a Copy of Your Free Credit Reports?

Joe Maruca asked:

The offers are everywhere! Commercials with catchy jingles, free offers, scare tactics about identity theft and poor credit, it’s hard to miss them. So what’s the real deal? Is everyone allowed to give away free copies of your credit report?

There are many websites that offer a free copy of your credit report but most of them will only do it if you sign up for other services like “credit monitoring.”  The only place recommended by the Federal Trade Commission is “annualcreditreport” dot “com” which is set up by the three credit reporting agencies.  You can also call them at 1-877-322-8228.

If you’ve already gotten your free credit report for the year, you can get an additional copy of your credit report if you have been denied credit (by a credit card company, loan, etc.) within 60 days.  You can also purchase a copy if you need to for about $10. For More information and FAQ, visit the Federal Trade Commission’s website at “ftc” dot “gov”

Why is it a good idea to check my credit? It’s a good idea to review your credit report and score on a regular bases for several very important reasons including: Identity theft, inaccuracies, unauthorized activity and to see who has been checking your credit aside from you. The information in your credit report can affect your ability to secure a loan (car loan, home loan, student loan and more) and can also determine what type of interest rate you receive from your credit card company.

So remember, you can receive a free copy of your credit report without signing up for any additional services and it’s a good idea to review the information in your credit report on a regular bases. 

To learn more about good personal finance practices visit www.creditcardinfohub.com where you’ll find this and other articles including 5 Easy Steps to Financial, Credit and Debt Relief.

 

Sharon