Wednesday, August 30, 2006

Free credit report

Why you should obtain your credit report ? There are many reasons for that.Fighting dentity theft, getting a job, getting a loan, renting an apartment, to see if there any mistakes that may have occured and many more reasons.

Under federal law, you’re entitled to a free report if a company takes adverse action against you such as denying your application for credit, insurance, or employment and you ask for your report within 60 days of receiving notice of the action. The notice will give you the name, address, and phone number of the consumer reporting company. You’re also entitled to one free report a year if you’re unemployed and plan to look for a job within 60 days; if you’re on welfare; or if your report is inaccurate because of fraud, including identity theft.

To get a credit report, usually you have to pay a fee to the credit reporting companies. But you are entitled to receive one free credit file disclosure every 12 months from each of the nationwide consumer credit reporting companies – Equifax, Experian and TransUnion. This free credit file can be requested through this website, by phone or by mail.

The following are the three major credit reporting agencies:


You can get a free report from the three agencies all here at: is a centralized service for consumers to request annual credit reports. It is the only service authorized by Equifax, Experian and TransUnion for free credit
disclosure purposes.

People should be wary of companies that make claims regarding credit repair. Don't give out your personal information over the phone or the internet. If you think you are a victim of a identiy theft. You can request a fraud alert be placed on your file. An initial fraud alert stays in your file for at least 90 days. An extended alert stays in your file for seven years.

Don't place fraud alert if is not necessary, beaucause it will be harder for you to
obtain a credit.


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