Three No-charge Credit Reports – The Bureaus and Credit Monitoring

Posted on 16. Dec, 2009 by Admin in Credit Cards

See What You Need To Know About Your 3 Free Credit Reports. The main 3 Free Credit Score And Reports as you all know come from Equifax, TransUnion and Experian. You are entitled to one Free Credit Report per year from each agency if you visit the government mandated site at annualcreditreport.com. However, if you want to monitor your Credit more closely you may want to get monitoring service from one or more of the bureaus.

Equifax is one of the big 3 Credit bureaus that has authorized giving away annual Free Reports. In order to get your Credit Report, you have to request it either through mail, by phone or online through the annualcreditreport.com site which was mandated by the FTC.

If you are interested in getting Consumer Credit monitoring service from Equifax you have 4 choices: Golf family, gold, silver and score watch. The price you pay will vary depending on the level and frequency of monitoring you choose. You can often get a No-charge monthly trial of the service, but be aware that you will be on the hook for payments if you decide to keep the service beyond the trial period.

TransUnion Credit Monitoring is the monitoring arm of TransUnion the second of the big 3 Credit bureaus. Their service also detects and prevents fraud on your records and protects your Consumer Credit records from being stolen. They also monitor your Credit if there is a change on your Credit record and Consumer Credit history records. But again to get these premium services you have to pay.

Experian Credit manager and Consumer Credit check monitoring is from the last of the big 3 Credit Reporting Bureaus. Experian maintains the Consumer Credit information on individual consumers this includes the closed Credit accounts, any court activity like bankruptcies and payment history.

The Credit Report in this agency is very important since insurers, employers, and prospective lenders rely on these Reports so that they can be given a permission to open an account or if you qualify to be hired as worker or Consumer Creditor.

The Three major Free Credit Report Companies play different kinds of roles besides giving out Credit Reports. Their entire roles are very important to your Credit. Although not all services they have are No-cost. You have to spend or subscribe in order for your Credit to be fully protected.

Well, everything is business now a days, but still be thankful that they lend a hand to help you even if in a certain limited way. At least you yourself should have your own record of your Consumer Credit history, so if there are errors on your Credit Report you can correct it. Always make a photocopy and keep the original with you.

Make an organized file of all the records of your financial life, all the documents especially regarding payment, you should have the receipt or the fully paid statement of account. Whatever the transactions you make, be sure it is all documented in black and white.

For more see three credit reports and Free Credit Reports:Your Site For Free Credit Reports and Free Credit Scores.

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Tags: credit agency, credit bureau, credit report, free credit report