Looking to get a free credit report?
What is a Credit report? A credit report is a statement of information that include your credit activity and current credit status such as loan history and credit account. It contains almost a complete record of your credit history.
A credit report usually contains:
your name connected to a credit account.
Birth date and social security number.
Historical and current credit account
The credit amount or limit
Date the account was opened and closed public records
It is recommended to check your credit report at least once a year to make sure it is accurate. Since being approved of a new loan or credit card depends on your credit report you want to be sure it has no errors. Lenders also check your credit report to make sure they continue to meet the terms of existing credit account. There are businesses that uses your credit report to determine whether to offer insurance, provide cable tv, internet, rent apartment and cell phone service. The biggest credit report bureaus are Equifax, TransUnion and Experian. They are in charge of gathering information and maintaining your credit report. There are many ways you can check your credit report for free.
Free credit reports are easily accessible online and here are four different sites:
AnnualCreditReport.com : they provide a free credit report every 12 months, so every year but since the pandemic they offer a free report every week for those signed up. Is great for the basic information and someone who doesn’t check that often.
Credit Karma: its a free credit report service, with a nice simple design that is easy to use and navigate. There are finance tools available, tax filing services. Helps you find the different kinds of insurance deals and keep you up to date. Although it doesn’t include Experian it is still useful.
CreditWise: A free credit monitoring service that alerts you of any changes. Which can make the task of managing your report easier. They can also help you spot potential fraud completely free. They work with Experian and TransUnion which is pretty decent. It also does a Dark web scan to alert you if your social security number is on the web.
WalletHub: this does have some limitations but still a great tool for checking your credit report. It focus is on credit score but still has similar tools as credit Karma.
If you have any thoughts or questions about how to get a free credit report, don´t hesitate to contact us!