All consumers are entitled to receive a free copy of their credit report from each of the three credit bureaus once every year. How can you order your free report? In this article, we reveal the only authorized resource of free credit reports but first, let’s get to know why it’s important to check your report.
Why Check Your Personal Credit Report
Errors in a credit report can be expected from time to time. There are many different reasons why errors can occur. Remember that the three major credit bureaus – Equifax, Experian, TransUnion – gather credit information from banks and creditors. Each bureau does its own reporting independently.
Sometimes, creditors may mistakenly report inaccurate information or unauthorized charges. The bureau is also not exempted from the possibility of committing errors in recording date in each credit file. In some cases, another person’s credit profile may get mixed up with another person’s file. As a result, erroneous details can badly affect a person’s overall score or credit history.
The Fair Credit Reporting Act clearly states that consumers have the right to dispute errors in their reports. By looking into your own file at least once a year, you can check for possible errors and have them corrected immediately.
If you notice an error in your report, you must send a credit dispute letter to the bureau that issued your report. The bureau will conduct an investigation which can take up to 30 days to complete. Afterwards, you will receive a letter from the bureau informing you about the result of the investigation, along with the updated copy of your credit report for free.
Order Your Free Credit Report
To order your free report, you can visit AnnualCreditReport.com or call (877) 322-8228. You may also send a written request via registered mail at this address: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.
Keep in mind that AnnualCreditReport.com is the only authorized resource where consumers must order their free annual credit report. You might find other online credit report resources offering free reporting service, but these might turn out to be a scam or a rip-off.
You can order all three reports from the three credit bureaus at once, or you can order one report from each bureau at a time throughout the year.
Other Ways to Get A FREE Report
There are also other situations when you may qualify for a free copy of your report such as if you have been denied credit on account of your credit history, if you are unemployed and plan to look for a job within the next 60 days, if you suspect to have been a victim of Identity Theft, of if you live States where this service is for free (Ex. Colorado, Georgia, Maine, Massachusetts, Maryland, New Jersey and Vermont).
About the Author:
Suzy Vanstrusen is a credit analyst and a writer on the website EZCreditRepairSolutions.com. She has been providing consumers with tips and wise information about credit repair as well as helping you out more with your bad credit loans. Copyright © 2011