Home > Free Credit Report > Adding Inaccuracies To Your Free Credit Report Can Spill The Financial Beans Loose
Adding Inaccuracies To Your Free Credit Report Can Spill The Financial Beans Loose |
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It is important for everyone to have and view their Free Credit Report in order to regulate the credit history. You can go on the Internet and order one at your ease but here's the catch! You
might end up paying for them or you might not get them at all. If you select the wrong web site or click a wrong number, you could end up paying a fee or locking yourself out for ordering a Free Credit Report. Through a 2004 amendment to the federal Fair Credit Reporting Act, Free Credit Reports have become available to all Missourians from March 1. By this amendment, the three major credit-reporting companies (Equifax, Experian and TransUnion) are required to allow individuals one copy of their Free Credit Report every 12 months. However, since this process and the whole concept are quite new, it is not all that easy. Even the experts are novices in this field. The Free Credit Report that you get is not complicated but it is difficult to get it and here are some tips to get the free reports. The web site www.freecreditreport.com was set up specifically to handle requests for free reports but you cannot get the report simply by logging on to the site. You can get the credit report from the site only if you sign up for a credit monitoring service that costs $12 a month. Simply visiting the sites of the individual credit reporting companies would also not get you a Free Credit Report. A Springfield attorney visited the sites of Equifax, TransUnion and Experian and in each case the sites asked for personal information which was then filled out. The demand for money immediately followed and the attorney opted out. The attorney wondered how difficult it must be for ordinary people, when it was so difficult for an attorney. Keep track of your numbers To fulfill all the requirements of the web sites, it is essential that you have all your numbers at your finger tips. For links to all the Free Credit Report company sites, you have to visit the web site www.annualcreditreport.com. If you then visit the company sites, you will be asked for proof of your identity, Social security number, credit card numbers or balances, mortgage companies or payments, previous addresses and much more. In some cases, even with all this information, it becomes complicated and the site can ask for further information such as a previous address. In a particular case when this was given, the web site claimed that it was incorrect! After a few incorrect answers, the site might lock you out. You will then have to request your Free Credit Report in writing. Click at the right places Although the Free Credit Report companies must give you your credit report, they are not obliged to provide your credit score. They certainly don't mind selling it to you. For example, after filling your personal information on the Equifax site, you will be led to a page where you can pay $6.95 for your credit score. The experience of CCCS's Blaue would deter you from doing that as when she gave her credit card information, an error message came up after the screen went black. When Blaue tried to re-enter the site and retrieve her credit report, the site declined since she had already been there and was not eligible for another 12 months to get the Free Credit Report. It was indeed very frustrating. It is a good idea to keep checking your credit report as you can be prepared when the time comes for a loan application. Moreover, it is essential to keep track of your credit information to make sure it's always accurate and if any inaccuracy is noticed, the lending institution listing the item should be notified to resolve the problem. You should also make sure that the accounts you think you closed are actually closed and verify all information in the report, including your current address and place of employment. Federal law also allows consumers to request a free report within 60 days of being denied credit or insurance because of information on the credit report. |
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