3 Credit Report Agencies: Monitor Your Credit

2007-03-08 10:33:40

( Financial )



A high credit score, or what is generally known as good credit, is essential in making financial transactions. The credit score is a major criterion in financial institutions’ decisions regarding your applications. You will get a better interest rate with credit card companies, banks, and other lending institutions if you have good credit. Thus, you must constantly check and monitor your credit score as reported by credit agencies, and preferably your scores from all 3 credit report agencies must be monitored.

The government decrees that you are entitled to get a freee credit report once every twelve months. To get this annual freee credit report, you need to visit the website that the 3 credit report agencies have set up for such a purpose. You can also send a request letter to the delegated post office box. Finally, a free credit report can also be obtained by calling the toll-free number dedicated to credit report requests.

When you request your freee credit report through this merged credit report web site, phone and post office box address, you can request your credit report from each of the 3 credit report agencies at the same time so that you will in effect be making a 3 in 1 credit report request. On the other hand, you can also choose to request a freee credit report from each one of these three bureau credit report agencies separately. The website, the toll-free number and the post office box number remains the same whichever route you choose.

If you have an immediate need for a credit report and you have already used up your freee credit report, you’re entitled to get another freee credit report if a lending institution or a financial company denies your request for mortgage or loans due to bad credit; in this case, be sure to request your copy within two months of your being denied the loan. If no adverse action had been taken against you yet you still want to obtain a copy of your credit report for simple monitoring purposes and you’re not satisfied with the yearly free copy, you can buy a copy from each one of the 3 credit report agencies. You can have immediate access to your on line credit report once you pay the required dues. Of course, some states have no restrictions on the number of freee credit report copies.

It is very easy to obtain your three bureau credit reports. Basically, you can wait for your freee credit report or you can buy all 3 credit report copies. Therefore, there is no reason for you to be less informed about your credit score and in turn, there’s no reason for you to ever have a doubt whether you will be approved for a mortgage or not.


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