Friday, September 17, 2010

Get Your Free Credit Report

One major step toward saving money is staying on top of your credit report. Your credit report is used to determine your interest rate on mortgages, car loans, car insurance and your would-be employer can even access it to judge your suitablity for the job. Unfortunately, many credit reports contain errors of no fault of their owners.

With this in mind it is essential to routinely check your credit report for errors.  Fortunately, you can do this 3 times a year for FREE.  One time per year at each of the credit reporting agencies, Experian, Equifax and TransUnion.

In the US, the Fair Credit Reporting Act and its amendments require that any national consumer credit reporting agency (including Experian, Equifax, and TransUnion) and any national specialty consumer reporting agency (including Innovis, PRBC, Teletrack) provide a free copy of the credit reports for any consumer who requests it, once per year
Free annual credit reports for Experian, Equifax and TransUnion may be requested at Note that many imposter websites with names similar to exist, and users will see promotions for extra credit-checking services that cost money. Carefully following the process and declining for-pay services will allow users to get their free annual credit reports. Also note that the free reports do not include the consumer's credit score. Rather, they provide a list of accounts so users can confirm that no erroneous information is on the reports.  Excerpt from Wikipedia

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