Am I Entitled to See My Credit Reports?
Better Credit…Better Options
The simple answer to this question is yes – everyone is free to view and review all details stated within their credit reports. The information stated within the report — especially the overall credit score a consumer may have — plays a significant role in the financial future of every individual across the nation.
Creditors base their loan terms on their client’s standing with consumer reporting agencies. The government has made it mandatory for Equifax, Experian and TransUnion to issue a free copy of credit reports upon consumer request. Doing so is intended to keep individuals informed about their standing with all three bureaus to make sure they get fair treatment when borrowing from creditors, and assist them in fighting identity theft.
All related data which helps build or drop an individual’s credit score is included within the report. To ensure that everyone can conveniently obtain a copy of their reports, the bureaus have teamed up to create the website www.annualcreditreport.com.
Since one free copy of the report may be obtained from each of the three reporting agencies per year, credit repair specialists recommend doing so. Your credit reports can vary greatly between the three bureaus so it is important to at least pull your report each year, but it is a good idea to subscribe to a monthly monitoring service. This allows consumers to view the progress of their ratings during specific times of the year, particularly after making payments.
Calling the toll-free number (877-322-8228) is another way to request for the report. However, it will usually take fifteen or more days before the report actually arrives. Viewing these reports can be done instantly online.
Credit repair specialists recommend thoroughly investigating all details and disputing erroneous facts as soon as possible. Credit repair experts can help ensure that these companies launch a thorough investigation on incorrect facts and reverse any false data whenever necessary.
Our free consultation provides a significant amount of free credit education and can be based on your individual credit report as well.