All About Your Free Annual Credit Report
Most people today know that the US government has worked out a deal with the three major credit bureaus of America to each provide an annual credit report for every person with a legitimate social security number.
Originally uploaded by Alec Peden
This is a great thing for everyone. For one, we can all view our credit reports once a year to make sure everything on it is accurate and that there are no credit card and other loans there that we did not authorize. And if we do find something odd on these reports, we can take appropriate actions.
I’ve personally claimed my three credit reports and am very please with the process. Well, technically only two came through because one of them didn’t allow me to get it online at the time and I just didn’t bother with it. The site was easy to use and delivered what uncle Sam promised.
There is one thing missing though. The FICO score. This is a numerical number calculated from the data on your credit reports and is just about the first thing potential creditors will look at when deciding whether you qualify for a loan at a particular interest rate, or your credit worthiness level.
Typically, this is a separate item you can purchase though any of the three major credit bureaus as well through a variety of its resellers. Sometimes it comes bundled with other financial products.
So, when you are looking to check your credit history, be sure to get your three credit reports and your FICO score so you can know the whole picture!
Incoming search terms:
- Annual Report Sample
- equifax free credit report online
- www annualcreditreport com
If you can rate my credit report. I dont no why my score is low. please advise me where to go from this point. I sm aware that bad credit is not the way to go. Im looking to better my credit score.
The credit bureaus record all kinds of credit related activities on your credit report(s), and the negative items such as late payments, default loans, bankruptcy, foreclosure, among other things will lower your calculated credit score.
From what I know, raising your credit score may take some effort of demonstrating better credit-worthiness for a period of time. If however, a mistake on the credit report is causing your credit score to be low, then you can try to contest that with the bureaus and if you can prove that it was a mistake or due to identity theft, etc., then it’s very likely that you can get the negative items removed, and your credit score will quickly rise. Hope that helps.