Free Credit Reports
You see the ads on TV and internet, blaring out "Free Credit Reports!" "Come visit our site and receive an instant credit report!" We've all at one point pondered whether or not if these ads were for real. Can we really get a free credit report with no with fine prints? You'll be glad to know that there are some proven methods to obtaining a free credit report with no strings attached.
The first method is to request a free credit report through AnnualCreditReport.com. This is a site that was created by the three nationwide consumer credit reporting agencies known as Equifax, Experian and TransUnion. Thanks to the Fair and Accurate Credit Transactions Act (FACT Act), consumers can request and obtain a free credit report once every 12 months from each of the three credit bureaus. There are absolutely no catches to this offer, so everyone is encouraged to request a report at least once a year.
The second method to obtaining a free credit report is by requesting one after you've been denied credit. Under the Fair Credit Reporting Act (FCRA), you are entitled to a free credit report if you've been denied credit within the past 60 days. To take advantage of this free offer, go to the website of the credit reporting agency (Equifax, Experian, or TransUnion) that reported the delinquency in your name, and order a free credit report. You'll be asked a few questions regarding the creditor that denied you, so have that information handy.
The third method is to sign up for a free-trial credit report service. There are literally thousands of offers on the internet, so use your best judgment when choosing a credit vendor. These free-trial programs give you instant access to powerful monitoring tools such as credit reports, credit scores, fraud detection, and more. Once you have taken advantage of the free services, you can cancel at anytime during the free-trial period to avoid being charged.