Get Your Free Credit Reports Today!There are few things in life that are truly free. Sure, the air that we breathe - polluted as it is - and a stroll in the park are both free. But, when it comes to tangible items, few things are given away which truly have no cost to them. Fortunately, it took an act of the U.S. Congress a few years ago that mandated U.S. consumers get one thing free: a copy of their credit report. Not only that, the Congress authorized that each of the three credit reporting agencies give a copy of your credit report to you for free once each year. You'll have to ask for it, to get it but they are truly free nevertheless. Read on and we'll explore how and where you can get your free credit reports. Experian, Equifax, and TransUnion are three credit reporting agencies who truly hold sway over the American populace. If you want to buy a car, find a job, close on a home, or do just about any important task, these three companies issue detailed information about you to employers, mortgage brokers, auto companies, and more upon their request. Previously, if you wanted to find out what was being said about you in these reports, you would have had to pay to receive a copy of each one. The U.S. Congress, acting on complaints from consumer watchdog groups, recognized that the three agencies' role in the process was too heavy handed; thus, Congress then passed legislation that went into effect in 2005 requiring the three agencies to issue a free credit report to consumers upon their request.
Only one site on the internet is authorized to offer free credit reports from TransUnion, Experian, and Equifax and that site is located at www.AnnualCreditReport.com . True, some other sites are also offering free copies of your credit report, but these sites charge fees for credit monitoring and other services. Only visit the previously mentioned web site to get your free credit report. Once you receive your free credit report, check it over carefully for mistakes. Consumer groups report that as many as 71% of them have errors in them. Thus, it is likely that some negative piece of information was shared on your free credit reports, information that could drag down your credit score. Speaking about your credit score, you can get that too. You'll have to pay a nominal fee of $4 too $7 for it, but your credit score will tell you how creditors grade you. Yes, the higher your grade, and the lower your interest payments will be. Get your free credit report and credit score today; you can save hundreds of dollars on a loan with a little bit of information provided to you free courtesy an act of the U.S. Congress. |