Tips on Getting a Free Personal Credit Report Online

May 16, 2012 by  Filed under: Credit 

Taking the time to go through your credit history is usually a big help in ensuring that your credit score information is accurate. Because credit reports affect ones interest rates, employment chances and insurance premiums, going through your records helps you protect yourself from your creditor’s mistakes. This article highlights the importance of getting and reviewing credit statements and offers suggestions on where and how to go about getting a free credit report.

Reasons Why Check Your Credit Report Important:

Credit reports are usually factored in by many companies when they are making their respective decisions about you. All lending institutions typically categorize their client’s loan applications on the basis of their payment history. People with bad credit usually find themselves having to pay more for such services in terms of interest payment and loan terms. Similarly, other factors in ones life such as car insurance, life insurance and employment applications are by in large generally based on ones credit scores, risk level and life choices.

Other than payment history, these reports typically include other information such as records on where you live, whether you have ever been arrested, sued, or taken out any insurance policies costing over $150,000. These records usually stay on a person’s credit statement permanently unlike payment history reports which start with a clean slate every 7 years.

Getting a Free Credit Statement:

There are a number of different places you can look when trying to access a free credit statement. The internet is usually the best place, since it offers the convenience of accomplishing the task for the comfort of ones home or office. Making your credit history report application online will basically give you instant access to a free report.

The other alternative available to accessing credit information is to write or call for a copy of your credit history; however this usually takes longer than the online option since applicants are required to wait a generally period of 10 to 15 days before receiving it.

Free online reports can be directly accessed from a number of websites such as Trans-Union, Equifax and Experian. Other than the direct websites mentioned you can also obtain your free credit report from third party sites that generally offer additional services like providing FISCO scores (a service that is not offered for free from other credit reporting organizations).

How to Use Your Credit Report History:

When you get your credit information it is usually recommended that you look over it to identify any possible mistakes. Both credit reporting agencies and credit information providers such as banks, creditors, government agencies etc are responsible for rectifying errors.

Credit history can generally be used to access loans, mortgages, and free car insurance. In addition to these they are usually a great help when it comes boosting your employment chances.

The author is a credit expert knowledgeable in how to get free car insurance free car insurance from applying for a free credit report.

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