There isn’t a reason to pay for an annual credit report when a cheap credit report is available for the asking. You are allowed to request 1 free credit report each year.
Credit report will show the numerous agencies and their reports regarding your financial level and consumer use. It will contain your debts that have not been paid, how much credit has been issued to you, and various kinds of credit. If there have been many inquires this will lower your credit score and it will also show any unauthorized debits.
If you check your credit report, you will reduce the odds of unauthorized use of your name and credit cards being misused or stolen. Often when reviewing your credit report, you will find there are errors in an agency’s reporting of your monthly payments. By checking your report you can find them and see that these errors are corrected.
An easy way to get a cheap credit score for free is by going online and requesting that one of the top three credit agencies send a report to you. There are three main credit reporting agencies; Equifax, Trans Union and Experian. It’s quick and it is requires only seconds of your time. Often after requesting a credit report from an online credit agency, they will provide the means to monitor your credit report. If there are any changes to your report they with issue an alert notice. It’s important to keep a close watch on your credit report, because we are living in a world that includes a high rate of identity theft.
The most important factor of all is to keep on top of what’s in your credit report. Do not take it for granted that everything is okay because you haven’t seen fraudulent use on your credit card statements. An identity can be stolen and your credit history can be entangled for a long time.