Your credit report tracks your payment histories, your credit purchases and other information about your finances. You have the right to access your credit report from the major credit bureaus. By law, you have the right as a consumer to know the information that is recorded by the agency. You gain access to these reports by requesting copies from the company.
Free Yearly Credit Report
When you access your credit report, just accessing one report from one credit bureau may not be sufficient. You should access your report from all three agencies in order to properly monitor your credit rating. The law requires the credit reporting companies to provide you with one free copy of your report each year. To access your annual free copy of all three reports from all agencies, visit AnnualCreditReport.com. This service is provided by all three credit agencies. The service is free to use and no payment information is required. You will be required to verify your identity. Once verified, you gain immediate access to all three of your credit reports.
Additional Copies of the Credit Report
You can obtain online access to each of your three credit reports by visiting the company website. Equifax even offers a 3 in 1 Credit Report with FICO Score option that provides you with reports from all agencies
and your true score. Visit www.equifax.com for more information about the 3 in 1 report. TransUnion at www.transunion.com and Experian at www.experian.com provide credit reporting products from their sites, as well.
Credit Monitoring Services
For regular access to your credit report, subscribe to a credit monitoring service. Each plan provides you with copies of your report from one or more agencies. Regular access to your credit report helps you build your credit history and monitor how your credit is assessed.
Some of the better credit monitoring services are:
Other services are available that will provide you with summary data from your credit reports. Though you do not receive an actual copy of your credit report from any agency, the data shows where your credit could be affected by positive or negative items.
CreditKarma.com and Quizzle.com are both free services that give you feedback about your credit reports. You also get a credit score. Though these scores are not true FICO scores, they are a numeric representation of the data in your report. These free services are great for those attempting to rebuild their credit. Each site offers suggestions for increasing the recipient’s credit score.
Regardless of how you choose to access your credit report, you should keep updated with your information at all times. The more informed you are, the more likely you will be able to thwart identity theft and errors on your credit reports. Ensuring that you have access to your credit reports will keep your credit history on your mind.
A good credit rating will save you thousands of dollars in interest rates. Access your credit reports on a regular basis to secure your credit future.