It’s a rule of the Federal Trade Commission to allow citizens to view their credit score and report at least once a year. You request for a free 3 bureau credit report in any credit rating can be done in TransUnion, Experian and Epifax. You can also obtain your credit report online through various online services.
It is very crucial that you check on your credit report each year, since there have been many instances of fraud, theft, and other human errors that can lower credit scores without the individual’s knowledge. Besides yourself, other people can also examine your credit report. Lenders, bank agents, property owners, and service agents are examples of such people.
Your Credit Report is Vital to your Credit Eligibility
Your credit report can be examined by persons other than yourself. Bank agents, lenders, credit service agents and property owners are some of the people that can look at your free 3 bureau credit report, when they need to make a decision whether you are eligible to receive a loan or their services. Your credit report score will determine the terms, repayment schedule and interest rate of any loan that you are seeking.
Take Advantage of this Free Report
You should take advantage of using such an important financial tool that is available free and online. When you have your credit report, you will be able check its important elements like out-dated information, errors and theft. It is necessary that you take action to protect your credit rating and raise your credit score if it is so low that it affects your ability to get a loan or other credit.
Avoid the Commercial Sites
You can contact one of the three major credit reporting agencies in different ways. You can contact the credit agency through the internet or through regular postal mail. There, you will be able to make a request for your free credit report from Experian, Equifax and TransUnion without as much fuss.