Free annual credit report government sources allow you to get a credit report with details of your credit history, which includes your bill payments history as well as the status of your credit accounts. Everything that a lender should know about your credit score, such as how often you make payments and how much credit you have, is included in your credit report.
Credit report is very important especially if you are applying for a loan or a credit card. It can also be used to evaluate your insurance coverage as well as by employers who want to look at your financial history. This is the reason why it is important that you maintain a good credit report and keep track of your annual credit information from free annual credit report government sources.
Knowing your updated credit report is a challenging task especially if you don’t know where to look. The good thing about getting your credit report is that you don’t need to pay to get your credit report. In fact, there are government sources where you can get your financial history.
Where to Get a Free Credit Report?
There are three major credit reporting agencies that provide consumers their annual credit report. These agencies include Experian, Equifax and TransUnion. These free annual credit report government agencies collect information to create the credit history of individuals. They get the information from banks, credit card companies, mortgage companies and lenders.
The information that is included in the credit report does not have an expiration date. This means that it can stay there indefinitely, including the negative information such as bankruptcy, charge offs, late payments and even tax liens.
How Often Can You Get Your Credit Report?
When it comes to getting a free credit report, you can request only one free copy from each of the three free annual credit report government sources once for every 12 months. It is important that you get one of each because when you check your report from each agency, you can find that some of the credit accounts are not listed on the report. The thing is not all creditors give your credit data to all three agencies. This is why you need to check and compare your credit report from all three agencies using your free data.
The credit report is updated regularly since creditors and lenders report the status of your account to the free annual credit report government agencies. Thus it is important that you get your credit report only when you need it.