Free Annual Credit Report Without Credit Card

Many people believe that the only way to get a credit report is when they have a credit card. Unfortunately, not all people are legible to get a credit card and these include those who just graduated from high school and those who do not necessarily believe in credit cards.  The thing is you can get a free annual credit report without credit card.

Most people believe that the only way to get credit is to use a credit card. The problem is that relying so much on credit cards means that you might incur a lot of bad debts over time. It is important to take note that having a credit card is one of the ways to put something on your credit report. So what do you need a credit card for? It is crucial to take note that you can use your credit card to purchase your credit report. However, this is still counterproductive considering that you can get your free annual credit report without credit card.

Check Your Credit Report

The first thing that you need to do is to check your credit report and see what is on your file. As stipulated by the law, everyone is entitled to get a free credit report from the AnnualCreditReport.com once every 12 months.  This website provides a link to the three major credit reporting agencies in the United States and they provide free annual credit report without credit card.

If you want to check your credit report, make sure that you do so a few months before you incur a large debt such as a car loan or mortgage. This will allow you to check if you will get better interest rates from your bank or lending company. This will also allow you to check for some errors or contradictions that may affect your credit report and score. It is important to take note that having a bad credit report and score will mean denial of your credit application. These are the reasons why getting a free annual credit report without credit card is necessary.

How To Beef Up Your Credit Report

Now if you already have several savings accounts, then they are likely included in your credit report. If you have a student loan regardless of whether it is fully paid or not, then it is still included in the credit report.

Once you get your free credit report, you can start beefing it up by paying your debts or improving your assets. You can also improve your credit report by getting a place of your own and paying your bills on time.  Paying bills on time has positive impact on your credit score, thus when you get your free annual credit report without credit card, you can get a good financial summary on your report.