ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How To Retrieve A Free Credit Report

Updated on September 27, 2013

 

The importance of accessing and understanding your credit report cannot be underestimated. In the current economic status and the ever changing business world, it is important to access and understand your credit report. Inaccurate and old credit reports often mislead you with regard to the health of your finances. There are times when you may need a new credit card or to apply or a new loan, in such cases understanding your credit report is paramount. Many people fail to understand the need for the financial report, otherwise known as the credit report. Not only does this report give you a clear picture of the finances of your family and yourself, but also an insight into your lending ability in case of emergency. It is also important to note that sometimes such credit reports cost much more than the average consumer can afford. The cost of credit reports is quite deterring for the consumers and often discourages many people room accessing the same. Many people often ask how they can access their annual and updated credit reports for a lower price or even for free. There are simple steps that you can take to ensure that you get the updated version of your annual credit report for no cost at all. You do not need to pay excessively, or get hassled out of your hard earned money (however little) in order to receive your annual credit report. Companies and government contracted institutions have been granted the mandate of ensuring you can get this report for free.

check my credit score
check my credit score

 

The first and most effective way to get your free credit report is to contact the major credit reporting agencies. There are three reporting agencies in the United States of America, and these are Experian, Equifax and TransUnion. These companies have proven themselves in the credit report field and have therefore been granted the mandate to ensure that consumers receive updated versions of their credit reports annually. The companies are required to provide each and every consumer with a free credit report once a year. Many Americans are not aware of this fact and often continue spending in ignorance. The reports are specialized and professionally prepared with the expertise required of such reports. However, the companies do not just send the reports to anyone. To save on costs, the company only contacts individuals who have requested to receive the credit reports. If you have been wondering why you haven’t received the free credit report which you are entitled to, it is probably because you have not requested the companies or registered with either of the companies to receive any. Registering with the companies is as simple as a phone call or accessing a brochure of the credit report companies. Ill in your mail and contact details and ensure that the same is sent to the companies. Once this has been done, you should be able to receive your annual credit report within a short while. You do not have to register again for the same report; reports will automatically be sent to you annually unless you change your address.

Online companies often advertise free credit reports. However, the authenticity and dependability of such reports should be considered with care. There are some genuine companies that actually offer the updated version of your credit report as an incentive to request for further services from such a company. The most reliable of the online companies is Annual Credit Report.com , a site sponsored by the three top credit companies. The site once again reflects the free annual report which you can either access online or it can be sent to you once you have registered. It is important to note that once you have accessed the report the first time, when you log into the site next you will only be able to view the same report, with no updates. The updates can only be viewed once a year. Additionally, there are sites that offer free reports to new clients who register to receive the services. However, again it is important to remember that many of these sites have a recurring charge after the first thirty days. In order to avoid such a cost, it is advisable to unsubscribe once you have received your first report. Apart from the government authorized site, there are no other sites that are completely free. Take the time to do a comprehensive research into the sites that you are registering to ensure that you will not be charged to receive necessary information in your credit report.

 

Each citizen is entitled to a free credit report every year, and this is the easiest way to ensure that you can gauge your credibility. Although the online companies could offer credit reports, you must ensure that at no one time are you tempted by the incentives offered in the sites which could end up costing you quite some amount of money. In addition, the information required in these sites is often very sensitive, and could end up being misused. It is therefore important to understand the credibility and reliability of the online companies offering the free reports before putting your information in the websites where it can be accessed by unscrupulous individuals.

 

The importance of a credit report cannot be denied, it ensures that you understand your own credit health and the steps you can take to ensure you either maintain it or improve it. The credit report shows you the severity of any outstanding loans and mortgages and how much they are costing you in terms of income generation and credit health. Errors in the credit report could be an indication of identity theft, where unscrupulous individuals take advantage of misplaced social security cards and other vital information to apply for credit and credit cards, which they can run high at your cost. Once you have noticed such errors, it is important to report the matter to the police and other government investigators. Getting and accessing a free credit report annually is your right.

Comments

Submit a Comment

No comments yet.

working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)