There Is Only One Free Credit Report
Article by Mac McGovern
Most American’s do not know, have never heard or do not care they are entitled to a “free credit report” once a year.
The Fair Credit Reporting Act (FCRA) requires each of the three consumer reporting companies Equifax, Experian, and TransUnion, provide you a free copy of your credit report, once every 12 months.(1)
Why is it important for you to receive your free credit report?
If you never check your credit report, you have no idea, if or what, inaccuracies are present. There may be entries that have a significant impact on your ability to obtain credit, may influence your interest rates on credit cards and personal loans, and may prevent you from obtaining a job. If inaccuracies exist, nether federal law, you have the right to have them corrected.
If you discover your report contains inaccurate information, the agency must correct it.
If an item is incomplete, the agency must complete it. Examples include late payments, no long late, or if you had a bankruptcy 12 years ago, and it is still reported, you might request the agency update your report. Bankruptcy usually stays on your report ten years.
If your file shows an account that belongs to another person, one not authorized on your account, the agency must delete it.
There is only one website authorized under the law to manage and provide the complimentary annual credit report program… annualcreditreport.com. Several other websites, attempting to take advantage of the law, claim to offer, “free credit reports.” The consumer must be aware; these companies are not part of the program.
Companies offering free reports requiring you sign up for their monitoring service, also include the three reporting services, and are charging fees up to .00 per month.
If you do not need imputing monitoring, you do not have to sign up for it to receive a free report. These companies provide a service for which they are making a fortune luring consumers to their site under the premise of receiving free reports. They will give you a free report, but you must provide all your personal information and sign up for their service to get one.
If you do not need attributing monitoring, and you have to pay a monthly charge to get a free credit report, it is not free.
To receive your free report, visit annualcreditreport.com. Do not contact any of the three reporting agencies. By law, they are required to provide costless annual credit reports exclusively through annualcreditreport.com.
The form is easy to complete, you get your report immediately, you may get a report from one or all three agencies, you can print the report, and they never ask for a credit card. You do not get your credit score, it is about .00 and may be obtained from the reporting credit agency. It is not a part of your free credit accounted. Based on your report, you tin decide if you want to pay for your credit score.
Most important, you will know where you stand in relation to your credit worthiness in planning your current and future credit health.
(1)Federal Trade Commission
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre34.shtm
About the Author
Mac McGovern was born in Dubuque, Iowa and lived there most of his youth. Most of his adult life he served in the US Navy, retiring in 1995.
Mac has varied experiences in the US Navy as a Chief Hospital Corpsman, Cardiopulmonary Technologist, Director of the Naval School of the Health Sciences Cardiopulmonary Technique School and of the Encephalography Technique School. He developed and implemented “The Competency Based Instructional Systems Program” for use in all technical training programs in all military services. It is static the standard in use today. He served as a Medical Recruiter, Educator, was the first Master Training Specialist in the Navy and is a State of Florida Journeyman Recruiter. As a civilian, He worked as a Home Improvement Executive, and Licensed Florida Roofing Contractor. He has penned and published a book of poetry and utilizes his extensive knowledge in writing poetry, articles, and blogs.
Mac writes from the heart and is influenced somewhat by what he sees, feels, hears, and to a larger extent, what is gleamed from his minds eye. Today, Mac resides in Pensacola, Florida with the inspiration and love of his life, his wife Sandra.
In May 2011, He began underdeveloped a new poetic constituting called “Interchanging Poetry.” A narrative combining poetry with discussion, debate, dialog, or description; using poetry to emphasize the narrative. The purport, to develop interchanging literary devices to enhance poetic discourse.
Mac Writes poetry, articles, and blogs at http://allpoetry.com/mac_mcgovern
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