How To Get A Annual Free Credit Report

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Did you know that you often need to present a copy of your credit report when applying for a rental property, acquiring a loan or obtaining new employment? These reports cancost up to twenty dollars, which can be a big strain on your budget. Many consumers are not aware of the fact that they are, by law, allocated one free credit report per year from each of the top 3reporting agencies in the business. This means there is no need to pay good money to obtain a credit report when you need it most. Simply request and receive your credit report online with a fewclick of your computer mouse.

Annual Free Credit Report


Did you know that you often need to present a copy of your credit report when applying for a rental property, acquiring a loan or obtaining new employment? These reports can cost up to twentydollars, which can be a big strain on your budget. Many consumers are not aware of the fact that they are, by law, allocated one free credit report per year from each of the top 3 reporting agenciesin the business. This means there is no need to pay good money to obtain a credit report when you need it most. Simply request and receive your credit report online with a few click of your computermouse.

Ways to Get a Free Report

There are two primary ways to gain access to a free credit report.

1. Free Yearly Report – TransUnion, Equifax and Experian must all provide an annual credit report, at no charge, to anyone who requests one using the proper channels.

2. Adverse Action – If a company turns down your application for credit, or refuses to employ or provide insurance to you based on your credit history, the law states that you can request afree credit report within 60 days of the adverse action.

If either of the above scenarios applies to your situation, you can get a free online credit report. You can also receive an additional free report per year if you are:

Currently unemployed and preparing to look for work in the next 60 days

Currently enrolled in a government welfare program

A victim of identity theft, rendering your report inaccurate


What Your Report Contains

Anyone perusing your credit report will be able to ascertain:

Where you live

If you pay your bills on time

Whether you have filed for bankruptcy

If you have been arrested or sued

Your credit report can be viewed – for a price- by any prospective employer, creditor, insurer or business partner. The information on your report will be used by these parties to determine whetheryou pose a high risk for their investment. If you have a poor credit score, these parties are less likely to do business with you in the near future. For this reason, it is imperative that you knowwhat information your credit report contains before applying for any new job, loan, property or contractual service.

How to Get your Free Report

The 3 major credit reporting agencies have teamed up to make it easy for consumers to obtain a free annual reports. There are 3 ways to access your free report:

1. Website – Use your Internet browser to obtain your free credit report at www.annualcreditreport.com. You will be asked to supply some basic personal information. Then you will be providedlinks to each of the 3 major credit reporting agencies. Simply click on a link to the reporting agency from which you wish to receive your report. You can print out your credit report and keep it inyour records for the duration of the calendar year.

2. Telephone – Call 1-877-322-8228 to speak with a customer service representative about receiving your free annual credit report. Do not attempt to contact any ofthe 3 major credit bureaus via their customer service telephone numbers. The above number is the only number to use in obtaining your free report.

3. Postal Service – Mail a request for your free annual credit report to P.O. Box 105281, Atlanta, GA 30348-5281.


You will need to supply basic personal information in your request via postal mail:

Name

Social security number

Date of birth

Address

Previous address – If you have moved in the last 2 years

If you access your free credit report online, you can view and print it immediately. However, if you choose to request your free credit report by telephone or the postal service it can take up to 15days to receive a copy of your report.


Consumer Warning

There are numerous sites on the Internet that purport to offer free annual credit reports. Be aware that these sites are illegitimate, and may be a scam.

The 3 major credit reporting bureaus have set up only one website, one telephone number and one mailing address by which to request a free annual credit report. Any website other than the one listedabove is not an official site, and should not be trusted.

There is no need to worry or wonder what your credit report may reveal about your financial history. You are legally allotted on free credit report per year from each of the top 3 credit reportingagencies. Equifax, Experian and TransUnion have teamed up to provide a streamlined means of requesting your free anual report. Simply visit the website, call the telephone number or mail in a writtenrequest for your free report.

Once you have your annual credit report in hand, you will know exactly what information your prospective lenders, employers and other business parties are will see when looking over your report frommajor agencies. If the information on your reports is inaccurate, you can work to correct it. If you have unpaid bills, you can begin to pay them off and restore a good credit score over time.

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