Government Approved Sites
With a myriad of scam-riddled websites claiming they can give access to your credit report for free, it's easy to be wary of any site or organization making these claims. That being noted, there is a truly free website known as AnnualCreditReport.com, which is approved by the U.S. government to enable consumers completely free access to their credit report.
Under federal law, all consumers have the right to access their complete credit report, free of charge, every 12-months. It's possible to check your scores more frequently by only accessing one report from one credit bureau at a time. If you check one out of the three credit bureau reports every four months, then you'll have near constant access to monitor your ever-evolving credit report and score.
While AnnualCreditReport.com offers completely free access to your credit report according to mandates outlined by the federal government, you're able to achieve access to your report through a privately-owned website without having to enter credit card information. CreditKarma.com is among the leading free credit report organizations as it provides access to your complete credit report washout a charge.
It's essential to monitor your credit report as often as possible. Did you know that over 70 percent of consumers have incorrect information on their credit report? These incorrect statements can significantly reduce your credit score, which may prevent you from opening a new credit line. If you're in the market for a new auto loan, mortgage or student loan, then you must be proactive with your credit report and continually monitor its progress. You can also go to www.your650score.com to learn more about your credit score in relation to a home mortgage.
As a rule of thumb, if you're required to put a credit card number down before seeing your credit report, you understand what the "Free trial" period consists of and how easy it is to cancel the membership. Make sure you read the fine print. Some companies charge a cancellation fee, which in theory means the credit report is never actually free. Always do your homework before signing up with a site to make sure you don't get accidentally scammed into paying large monthly "access fees."