So How Do You Ask For Your Credit Report
Posted by Jame Bowen on Saturday, April 28, 2012
A credit report is a record of your own credit history. Creditors go to your credit file when first deciding whether or not to release you credit.
A credit report does not contain any data on your race, religion or political preferences, but it does have information on:
Your Personal Identifiers: your legal name, present and past addresses, present and past employers and your social security number.
Current and Past Credit Accounts: this part includes all your present credit accounts including credit limits, balances and payment histories.
Public Record Information: Here they gather any tax liens, bankruptcies and legal judgements against you.
Credit Inquiries: Data regarding businesses that have asked your credit file within the last 12 months.
It's vital to periodically check your credit file as more than half the credit reports contain a bunch of errors, according to the Federal Trade Commission (FTC.gov) Often, there can be errors from the credit bureaus themselves: the credit info is sent to the 3 major credit bureaus by tapes or written reports, and a simple typographical error may inadvertently add negative data to your file.
Creditor mistake happens when the reporting company accidentally sends the wrong information about you.
Finally, considering that the major credit bureaus are competitors, they do not give information. So positive data may be reported to Equifax and Experian, but is absent from your credit file at Transunion.
For these reasons, it's vital to verify your free credit report before any major purchase or at least annually to report any mistakes.
Asking for your Free Credit Report is simple. The Federal Trade and Accurate Credit Transactions Act (FACT) of 2003 allows you to get a free annual credit report from the 3 major credit bureaus once a year at no charge.
Visit my credit report for more information.
A credit report does not contain any data on your race, religion or political preferences, but it does have information on:
Your Personal Identifiers: your legal name, present and past addresses, present and past employers and your social security number.
Current and Past Credit Accounts: this part includes all your present credit accounts including credit limits, balances and payment histories.
Public Record Information: Here they gather any tax liens, bankruptcies and legal judgements against you.
Credit Inquiries: Data regarding businesses that have asked your credit file within the last 12 months.
It's vital to periodically check your credit file as more than half the credit reports contain a bunch of errors, according to the Federal Trade Commission (FTC.gov) Often, there can be errors from the credit bureaus themselves: the credit info is sent to the 3 major credit bureaus by tapes or written reports, and a simple typographical error may inadvertently add negative data to your file.
Creditor mistake happens when the reporting company accidentally sends the wrong information about you.
Finally, considering that the major credit bureaus are competitors, they do not give information. So positive data may be reported to Equifax and Experian, but is absent from your credit file at Transunion.
For these reasons, it's vital to verify your free credit report before any major purchase or at least annually to report any mistakes.
Asking for your Free Credit Report is simple. The Federal Trade and Accurate Credit Transactions Act (FACT) of 2003 allows you to get a free annual credit report from the 3 major credit bureaus once a year at no charge.
Visit my credit report for more information.