For those who are not aware of it yet, a credit report is a document that displays your financial information throughout your working life, and showcases how well you have managed your finances and debts from the past until the present day.
If you have been prudent and careful in managing your finances, expect to see good credit rating and positive points in your report.
But if you have been carelessly accumulating debts, missing payments and exceeding your credit limits on your credit cards, your creditreport will look catastrophic, and you would do well to work n solutions to get your report back to good shape.
A credit report is crucial for you when you want to obtain loans for instance, as creditors would browse through your report before approving your application.
The same applies for home loan applications, insurance policies and even when you want to rent a house! Where can we find these credit reports? In reality, you could obtain them free of charge, if you follow the following five ways to get them without paying anything for them: 1) Visit annualcreditreport.
com and request for your free report from one of the three national consumer reporting companies (Equifax, Experian and TransUnion).
You could do this once every twelve months, and the firms cannot charge you for it as it is a prerequisite in accordance to the Fair Credit Reporting Act (FCRA).
Use the Annual Credit Report Request Form that is available on the site, and receive your credit report within 14 days.
2) If you are denied a loan application based on your credit card information, federal law allows you to appeal the credit bureau that is involved in the case, and receive your free credit ratings report within 60 days of you getting news of the rejected application.
3) Another way to obtain your free-of-charge report is by utilizing government assistance.
You would be able to get a report free if you are on welfare-support, all you have to do is to contact any of the credit companies who would provide you with it without any questions.
4) Look out for promotions and offers that are available through credit monitoring services that provide free credit reports as incentive for those who sign up for trial subscriptions.
But there is a catch to this, if you fail to cancel your subscription when trial period ends, you would end up being charged for your report! 5) Get a new employment! When you start looking for a job, contact one of the credit reporting bureaus and let them know that you are job hunting, and they would be forced to send you a free report in accordance to the FCRA As you can see, there are plenty of ways to utilize if you are looking to obtain a free credit ratings report for yourself.
Opt for the one that suits you best, and all the best in obtaining your report in the fastest way possible!