Free government credit report is obtainable for every single American citizen with a social security number and any form of borrowing history. Instead of having to pay for it from the reporting bureaus, you can take the advantage of the government free credit reports since the congress passed the Federal Fair Credit Reporting Act that gave credit overview access to the credit information.
A soiled credit report can ruin your chances of getting a mortgage, chance of owning a car, student loan, or even a job opportunity. When seeking a loan of any sort, it is important that you first get a report. Having a credit report will allow you to know the state of your credit score and you will be able to determine your chances of getting the loan.
Some people have never shown any concern for identity theft, and therefore never sought to get credit reports. A free and mandated government one will help you do just that. You will be able to monitor regularly your credit status and note any unscrupulous dealings that may have taken place.
Credit reports have been the best-known method to catch identity thieves. It allows you to monitor your credit information and you will be able to report of any disputable item that you witness in your credit files. Obtaining regular credit reports is necessary especially to persons who have been past victims of identity theft or those who think that they are at a high risk of identity theft.
After ordering and receiving the free government credit report many people may not understand the information. There are websites that assist a person to understand the language and codes used in it. Simply type “understanding credit report” on your web browser and you will be able to get the information that you need. You can also get help from friends and relatives who are familiar with the codes and language used in the credit reports.
Since free credit reports are available, everyone should take advantage of them to protect their identity theft.