#free online credit report
Friday, July 2, 2010
Free Online Credit Report-An Academic Report
Looking for a reliable and trustworthy online free online credit report but unsure of where to find one? When you are looking for a reliable company to provide your report, you need the company to be able to keep your private information safely without allowing your privacy to be invaded. The information that is in question includes personal data such as your address, credit history, criminal records as well as information of your properties. You would also want the company to be able to provide you with the free credit report every twelve months as specified by the Fair Credit Reporting Act (FCRA).
The three companies that have been entrusted with this task are Equifax, Experian and TransUnion, and for your convenience, they have jointly created a reliable website for you to obtain your report. The website that I am talking about is annualcreditreport.com, where you could apply for your free report every twelve months once using the Annual Credit Report Request Form. Once you have completed this form with all the relevant information. The reliability of this site is further enhanced by the fact that you can order reports from all three companies at the same time.
This website is fully endorsed by the FCRA, thus you do not have to worry about its reliability or trustworthiness. The FCRA also constantly reinforces its standards when it comes to these reports from all three of the mentioned companies, so rest assured that your credit reports would come to you in the best and most accurate of conditions. Generally, free online credit report allying companies are extremely dependable and consistent in their reporting procedures and results, nevertheless if you are unhappy with the quality of your report.
In terms of your privacy, your rights are well-guarded by the Federal Trade Commission that ensures that all three companies adhere to the privacy guidelines that are set by FCRA. Thus, do not fall for other scams or hoaxes when it comes to obtaining to your reports, as the other websites would most probably be illegal and illegitimate.
The Fair and Accurate Credit Transactions Act 2003 requires that the three top credit bureaus; Equifax, Experian and TransUnion provide free annual credit reports to anyone that orders one. The three bureaus have created and jointly hosted a website where consumers can order their instant credit reports for free. They also provide a toll free telephone number and a mailing address which can be used by consumers to apply for their reports. The Act also mandates that consumers should be able to get their credit scores for a small fee, along with explanations about the factors involved in the score computation.
Credit reports are important for two reasons – first, so you can spot any errors in your credit history and financial transactions and have them corrected immediately. An error could cause you to get labeled as a credit risk and classify you with bad credit which in turn means lower loan amounts and higher interest rates when you attempt to take out a loan in the future. The second reason for ordering your free online credit report information is to make sure that any apparent identity theft can be identified and corrected. Getting your credit score can also prove beneficial before you apply for a loan – any lender looks at your score before nailing down the interest rates on your loan. With a good score, you will be in a position to negotiate a better deal for yourself.