U.S. consumers are entitled to a free credit report once a year. This is in line with the government’s concern to make sure that you will be able to fight identity theft, be informed of what your credit report is, and get fair treatment. Though this is a good service and you can avail of it for free, there are a number of reasons why one annual credit report may not be able to give you the complete information that you need.
Note that the federal regulation entitles you to only a free credit report, but not a free score or any other service. The credit report, also known as a credit file disclosure, gives you all the raw data to compute the credit score.
To get your free annual credit report, you should provide your name, current and previous address, date of birth, telephone number, and social security number, plus you may need to have your identity verified and be required to provide a copy of your utility bill, bank statement or driver’s license. When you have these ready, access www.annualcreditreport.com so that you can get your annual report.
You have to be aware of the fact that the nationwide consumer credit reporting companies which Equifax, Experian and TransUnion do not share information with each other, so you may want to get your credit report from each one by calling them or writing them. There is a way to get all 3 credit reports, plus your credit score from all 3 companies and it can be done easily by accessing a credit management website.
It is recommended by financial experts to check these credit reports at least 4 times a year. This is so you can be completely aware of what is happening in your financial world and if there are any errors or items to be disputed, it can be dealt with right away. Since identity theft is rampant, it is best to regularly check your credit report to see if there are any purchases and loans that are not done by you. Early detection of such activities can help stop them before there is too much damage.
If you are not the only one using your credit card, and have given extension cards to your partner or children, wouldn’t you like to know anytime what may have been recently swiped with it, and maybe getting to nip the situation in the bud before a whooping bill arrives? How about checking your Identity Theft Report and get a team of investigators to stop it once it is detected during the early stages? PrivacyMatters 123 can give you a free online credit report from all 3 companies plus your credit score, and when you decide to become a member, you can get the credit management system that you need.
If you are concerned about your financial future, whether you have good or bad credit, knowing how you stand and having the aid of a comprehensive credit management system will give you Internet security, help you monitor your private information, and provide access to your personal, financial and professional data.
This service will allow you to keep your future secure and do what it takes to prevent identity theft, find out exactly what the lending facilities will read, see what your potential employers can peer into, and enables you to fix a bad credit report because you are on top of the situation and can take the proper steps.