Getting Credit Report From
Three Bureau For Free
There exist 3 chef agencies that report credit,
which provide you with a credit report for free. The 3 agencies
are Transunion, Equifax & Experian, and these 3 are also available
on the Internet. These 3 agencies offer credits reports to every
US citizen, but as it stands you can get only 1 free copy of your
credit report.
The FACT act was made law by the Federal Government
in the year 2003 wherein all the citizens of America are now entitled
to a single free copy of their credit report every year.
This allows people to receive one copy of their
report of credit from any of the agency of their choice, 1 one is
allowed for free while for obtaining the other 2 you will be required
to make a payment.
The question might arise in your mind that why to have all 3 agencies
report when just 1 come for free. Well this because it is not mandatory
for any of the lenders or companies to report to the all the 3 agencies
for the credit they give.
Further there is no legal binding on them to get
in touch with any of the agencies it they do not wish to. But as
a practice most of these lenders & companies do get in touch
with a minimum of one agency. In case you are a person who would
like raise your bad credit profile or maintaining your good credit
score then you should 1st get that free credit report you are entitled
to and then also purchase the other two credit reports, so in the
end you have all 3 credit reports with you.
Once you have it do not sit merry with it as it
is not the end of a credit procedure but it is the beginning ofwhat
could lead you to managing your credit profile in a better and more
systematic manner which some people completely ignore.
Even when you have just one of the 3 credit reports that you have
obtained for free, take some time from your daily routine and have
a good overview of the statement to check for the accuracy of the
information held in there.
Even the slightest of mistakes could be the difference
between a quick approval of your loan and one that could mean a
clear 'No' for credit. But if you have all three then you can match
the information all the 3 reports and check for discrepancies. If
you find a slip-up, then call the credit reporting agencies immediately.
Generally, all of the 3 agency sites have a link
that will direct you to a page where in you can register you complain
or at minimum alert the agency of the mistake. You shall have to
send them substantial proof of the trueness of your claim, if they
find the it to be a genuine then it shall be taken off your statement
immediately.
So there are numerous benefits of having a report
of credit from all the 3 chef agencies that report credit and.
Over a period of time having all 3 statements
of credit report shall be highly beneficial and do not consider
the extra charge to get the other 2 report as an expense it is just
a small thing when compared to your credit worthiness.
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