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How to Get Free Credit Reports

10.31.2009 · Posted in Finance Articles

American consumers are entitled by law to obtain a copy of their free credit report in the course of one year. This is possible if they request the three main credit bureaus that will then send you your credit report. These three foremost credit bureaus are first, Experian and second, Equifax as well as third, TransUnion. Another method that can be employed to get a your credit report for free is to stagger your orders and in this way get the desired report on a more frequent basis.nnIf you want, it is possible to obtain a complimentary credit report by getting in touch directly with the credit bureau. This is a good option but at the same time it can be rather complicated as well. Or, you can also try to search online for sites that offer to provide customers with copies of their credit reports for which no payment is required; the only trouble is that often these sites will not readily give you a free copy and will have a few conditions before you can get hold of your credit report.nnAnother way to obtain a free copy of your credit report is to talk one to one with a credit monitory service who also offers free trials. By signing up with such services you can, while the no-cost trial period is current obtain credit reports without making any payments for the copies provided. Then, when the trial period expires you can always, if you do not wish to pay the subscription fees, easily end your subscription and in this way take advantage of the free reports.nnYour mortgage lender too can make available to you information regarding your credit report without charging you for it. However, it does imply that the lender will get to see the contents of your credit report before you do; but, this is a small price to pay to get your credit report.nnIt is also possible to get hold of a free of cost credit report by checking out various sites that will provide details about your exact credit score. But, these scores will be different to the FICO scores and will have been calculated in other ways and by using proprietary formulae.nnUsing a credit simulator is another way by which you can get inkling about how good or bad your credit is. You might also come across advertisements that claim that companies are able to offer you credit reports without needing to pay for a copy of such reports. Just don’t be taken in by such advertisements because the truth of the fact is that you will not be getting the credit report for free.nnAs a matter of fact, these companies will only provide you with your credit report provided you agree to first purchase their services. This in turn will mean that you are not getting the credit report for free. Your best bet in regard to getting hold of your free credit report is to stick with dealing with Equifax and/or with Experian as too with TransUnion who will offer you the report without charging you for it – but it is only available one time in any year.nnIt is therefore a good idea to request your free credit report and to then go over it and ensure that the information contained is accurate. If any errors are found you must ensure getting them rectified at the earliest.

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