FreeAnnualCreditReport.Com – Many free credit report online service out there are after your money. Except for the service that is endorsed by the U.S. Government, they want to sign you to a credit monitoring service or get you to pay to see your credit score.
I am sure you know that this report is actually a complete record of your credit transactions. It contains the information sent in by various financial and government sources which have been added to credit bureau records. It gives detailed information about the financial position of your personal and business activities. Your credit history shows it all. It reveals the best and worst about your money management. On the positive side, it may reveal mistakes and errors that can be corrected and, once fixed, can improve your credit score.
There is no doubt that a good credit report is an important advantage if you want to buy something very expensive. For instance, if you are considering buying a property in the near future you need to have a strong credit history. A strong credit history is just about the only way to show banks or money lenders that you are credit worthy.
Many people are confused about how often they should check their credit. Keeping on top of your current credit health and score is a must-do practice. It is a good practice to check your finances at least once every six months.
At the beginning of this article I said that instant free credit report online are scams but you still might consider signing up for the credit monitoring service that some of them offer. Let me explain my contradiction.
While these can cost upwards of fifty-dollars a year, you get some important advantages. These services constantly monitor your credit activity and instantly notify you as activity occurs. This allows you to see if anyone is accessing your finances without your permission so you can take action if needed. Credit monitoring does the work for you. Remember, checking your credit helps in protecting your credit rating and it also allows you to monitor your creditors. There may be times when your creditor might fail to report payments or purchases. You want your good transactions to be posted to your history which helps your total credit score.
An instant free credit report online begins with a complete summary of your personal statistics. It contains your legal name, the list of all your recent and prior home addresses, current contact phone number, Social Security number, date of birth and your current and past work history. The information you need for managing your finances comes next in your report. The report lists any bankruptcy and payment history including late payments and collections. You will also see if your financial institution runs your credit report to keep their information on you current.
FreeAnnualCreditReport.Com – Think of your financial history just as you would a job application. What things would you not want them to see about you? You can leave those things out of a job application but, in the case of your credit history, you will not be able to hide anything related to your financial personality. Can you can see the need to take an active role in creating a better credit history?
Everything you need is in your free instant on-line credit report so get yours and take control of your credit history. Visit the Annual Credit Report Scam for Free videos, articles, and discussion to help you. You could also ask questions about your credit report. It’s all Free. No sign-up for anything. Visit now.