How to Get Your Free Credit Report and Score
Many people never spend much time thinking about their credit score. They may think that everything is ok simply because they have been paying their bills on time. However, there are many things that can go wrong with your credit report that would have nothing to do with whether or not you make a late payment. You may have credit score problems and you may not even realize it. It is recommended that you check your credit report every year. In fact, it is federal law that everyone has a right to check their credit with all three reporting agencies once a year. You need to be taking advantage of this even if you do not pay to be able to check it more often.
If you wait until you actually need credit to find out your score, you could be in for a big surprise. You may have things on your credit record that should not be there. You may have things that are negatively affecting your score and you did not know to repair them. If you wait until you need credit to take a look, then you could be denied credit, and that is definitely not something that you will want to do.
Understand Why it Matters
Why does it matter so much whether or not you have good credit? There are numerous reasons. Of course, if you need to apply for credit, like a loan, a mortgage, a car loan, or a credit card, then you need good credit or you may be denied. Even if you are not denied, you may end up with high interest rates that can be quite costly. There are other reasons why your credit score matters as well.
These days, many employers actually will want to look at your credit score before they hire you. That is because they want to be able to hire people who are stable and responsible enough to take care of their finances. In addition, when you need to apply for utilities, then your credit score will be checked. If you have a low score, then you will have to pay a deposit that is money you will not get back. Even cellular phone services are checking credit these days. For these reasons, it is very important that you keep on top of your credit report and credit score.
Getting Your Reports
In order to get your credit report and score, then you will need to do a few things. To start with, you must remember that you need to check your credit report with all three agencies. These agencies are Equifax, Experian, and TransUnion. Your credit report may not be the same with each of these because some lenders may not necessarily report to all three. You need to know your credit score with each of these.
In order to get your free credit report and score, you will need to visit the right site. You do not need to contact each of the credit reporting agencies. They will not give you your report. Instead, you need to contact www.annualcreditreport.com. You can have access to your credit report at no charge from this site, and it is the official way to obtain your credit reports. To obtain your credit scores, you can visit one of the sites shown here.
There are some websites that indicate they will provide credit monitoring at no charge. Some of them may be legitimate, but many of them may be scams. They will give you a little information at no charge, but then they will ask you for a credit card and you will get charged a monthly fee. You do not have to pay these kinds of fees. You have the right to see your credit report at no charge. Be sure to avoid these scams or you could find yourself stuck with a monthly payment that is very hard to get rid of.
It is important that you have an accurate idea of your credit report. This way, you can locate any potential problems that could be affecting your credit. If they are erroneous, then you can correct them. If they are problems that you can repair, then you can get started cleaning up your credit report. If you do not keep up with your credit report on a yearly basis, then there could be things wrong that you just do not realize are there. Take the time to keep up with your credit and this way you will not face any surprises when you need to apply for something in the future.