Why aren't credit reports free?
Yes, I know you can request a free one once a year or whatever...but they should be free every day. I deserve to know how high or low my FICO score is and who I owe money to. It's MY credit. I should have access to it anytime I want. Somebody please explain to me why people get away with charging us to view information about our own lives.
Sorry. Didn't mean to go off on a rant there.
Cost money to keep all that history and tabulated.
You can get one free from EACH of the 3 credit bureaus per year, so what you do is rotate in period of 4 months. January, request from one, in May you do the next one, and in September/October do the next one.
Federal Law has mandated that you can get one free credit report a year from any credit bureau.
The ONLY website to go to get your free credit report is:
Because in the negotiations between lawmakers and the rating companies, the compromise between one side demanding openness (lawmakers) and the other side insisting on proprietary secrecy (the companies), the companies picked up the bill for...well, everything and the lawmakers decided once a year was good enough for you.
Never mind that the companies have been using our social security numbers as identification.
But it seems to me that a successful business model could simply be to charge to make changes to your report...but then the companies have no interest in getting the data right the first time.
The whole system's crap anyway.
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by TheFrenchTraveler8 years ago
When a collector calls your house, do you know that if you identify yourself as the individual your debt can triple in the number of years its on your credit report!!
by Gous Ahmed6 years ago
If you pay off credit cards by getting a loan out, aren't you in the same position still?Maybe a loan won't have interest increase like credit cards, but what is the best way to get out of this situation for good?
by toknowinfo3 months ago
What are the pros and cons of lobbyists?
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If companies are people too, why aren't banks in jail?
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