How Do I Order My Free Credit Report?

Under the Fair Credit Reporting Act, you’re entitled to one free credit report every year. Here’s how to go about getting it.

There is only one place to get your free, federally mandated credit reports, also called an “educational credit report,” which this is AnnualCreditReport.com. You are allowed a free credit report from the three major consumer reporting agencies in the U.S.” Experian, Equifax  and TransUnion. These sites also offer credit reports, but you have to pay for them. When you go to AnnualCreditReport.com, you are given the option to get all three reports at once or one at a time. Choose to get all three reports at once.

Keep in mind that while you’re entitled to a free credit report, you will have to pay for your FICO score, which is the most common credit score.

Why you should check your credit reports

Checking your credit reports is important to ensure that everything is as it should be. You should look for inaccuracies in your reports, since the information is used to calculate your credit scores. If there is inaccurate information, it could lead to lower credit scores, which could cost you more in terms of interest charges.

It’s a good idea to know what is in your credit reports before you apply for a major loan, such as a home loan. That way, if you see problems, you can work on improving your situation, rather than being surprised with a rejection when you apply.

Before you log onto AnnualCreditReport.com be ready to answer personal questions. In order for the Web site to verify that it is, in fact, you and that someone hasn’t stolen your identify, you’ll be asked a series of fairly detailed questions about your financial history. For example, when I got my credit report, Equifax asked to confirm what year I had taken a mortgage. I don’t even own a house. So get ready for trick questions! They are very serious about your answers–I’m not sure what I did wrong, but I couldn’t be identified by TransUnion, so I couldn’t access my report. I had to mail in for it, rather than get it immediately online.

When you’re on to AnnualCreditReport.com, you go through each report one at a time. Be sure to print your report or save it to your computer, because, in most cases, you can’t access it again. And you can’t get another free report for a year.

If you find any mistakes on the report, go directly to source. Contact the creditor first. They will have to send corrections to the agencies.

 TO order your credit score,You have an option to pay for it.

TransUnion $9.95

Experian $7.95

Equifax  $7.95

 

Keep In Mind That  AnnualCreditReport.com is a great a site BUT you can only get your report once a year,and you do not get your credit score. To monitor your credit report and score, month to month you have to sign up for about 14.00 a month. You can check out creditreportsus.com options.

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