Every Citizen has a right to get a annual credit report and that is absolutely free credit report copy for you.You can just request for it and you will be getting it.There are three credit reporting agencies in USA and they are Equifax,Experian and Transunion. All of this three together operate a web site which is centralized and through that you can request a free credit report once in a year and that is charge free. This is created as per the federal rules and the rights that an American consumer has had and is supported by the laws of FACTA i.e Fair and Accurate Credit Transaction Act.
As per the law every American consumer has the right to get a free credit report once in a year from each agency and and you can check the correctness of that report and ask and complain about the errors.
Annualcreditreport.com is the centralized web site that is in live by these three agencies.For the first time you have to register your name ,address with your personal details and social security number.Then you will further directed to individual agencies and further security questions are asked to conform your identity and you can safely give as they are secured sites.
You can ask for all three report once or at different times of the year and the second option is much better to know your financial behavior status at regular intervals of time.Like getting report once in every four months will help us to have continuous touch with the credit report.You need not give any of your credit card numbers for this purpose.This reports are given to protect the interests of consumers like your credit information is correct and there are no identity thefts of your personal information.
They have no problem if the data in the report is in accurate and you shall inform them in written with proper format for that kind of corrections.Be aware that the above highlighted web site is the only federal authorized one to issue credit reports and be careful about fake or identical and misspelled names who claim that they will give you free credit reports.
What does the credit report consists of ?
It is the white paper about your spending and commitments to the debit that you have.It will have your personal information like address and date of birth.It tells how you are paying the loans that you have taken and how many of your checks are bounced because of lack of money in the bank accounts.
Any creditor who want to issue a money favor to you like a loan or credit card access this report and know himself about your financial behavior.If you are good in repaying the debts that you have they will give a rating like excellent to you and every one is ready to give you what ever you have asked for.
Any way credit score is bit different from this.Basing on your credit report a three digit number is allotted to you and that is called as credit score.You can not get your score card free and you have to pay small amount for that.
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