How to Get Free Annual Credit Report

Credit reports are used for checking your credit worthiness, so finding ways on how to get free annual credit report is necessary. It contains information about your loans, debts, bill payment history, and other financial information. It also shows information about where you live, where you work, or if you have filed for bankruptcy in the past. These are crucial because they help lenders such as credit card companies and banks decide if they should approve your bank loan, credit application, increase your credit limit, or what interest rate they should charge you. Moreover employers, rental property owners, and insurance companies also look into your credit report to learn about your financial stability. These are the reasons why you need to find ways on how to get free annual credit report.

Checking your credit report on a regular basis allows you check your financial accounts from fraud. There are many people all over the world who became victims of fraud because they did not check their credit report. Checking the credit report allows you to examine and find errors so you can take the necessary steps to have them [errors] corrected.

Requesting Free Credit Report

It is crucial to take note that once you get a free credit report, you will need to wait for 12 months to get another one for free. So make sure that you get a credit report if you are planning on making a huge financial move that requires you to check your report if you have a good credit score.

There are many methods on how to get free annual credit report, but the most common one is to visit the government approved website AnnualCreditReport.com. This site has a link to all three major credit reporting companies such as Equifax, Experian, and TransUnion. You can also obtain a copy of your credit report by calling their hotline number 1-877-322-8228. You can also mail your request using the address indicated in the website.

What If Your Request Has Been Denied

Most credit reporting agencies usually give free credit reports, but what if your request has been denied? It is important to contact directly your credit reporting agency in order to resolve the issue. The agency should be able to give you a reason why your request has been denied. In most cases, people are denied because there are missing or incorrect information on the application form.

Knowing how to get free annual credit report is crucial because it allows you to constantly check the accuracy of your credit report and score.