How can I get a credit report?


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Before you apply for a mortgage, you’d probably like to know how to get a credit report. It’s smart, because when applying for a mortgage or other loan, it’s best to know in advance what lenders will see. There are several ways to obtain a credit report:

  1. Request your free credit report from the three major bureaus each year at www.annualcreditreport.com, the federal government website. You can also get one at any time if you meet other guidelines.
  2. Get a credit report from one of the many sites that provide you with a score (usually a Vantage score) in exchange for giving them information and allowing their partners to advertise you
  3. Some sites offer “free” credit reports and scores, but only if you purchase credit monitoring services.

The safest site is www.annualcreditreport.com. This is because he does not make money from your request. In other cases, when a product is “free”, you and your information are really the product.

How to Get a Free, Instant, Hassle-Free Credit Report

“How do I get a credit report” used to be a common question. For years, credit reports were well-kept secrets – information that was hard to find, if not impossible to obtain. Now things have changed. Credit reports are instantly available on computers, tablets and mobile phones. No less interesting, many credit reports are free.

Related: Where Do Free Credit Scores Come From?

The reason for checking credit reports is that if they contain inaccurate or outdated information, it can lower your credit score, which means higher borrowing costs.

Go to AnnualCreditReport.com. You are entitled to a free credit report from each of the three national credit bureaus (CRA) every 12 months. It’s a free credit report each from Equifax, Experian and TransUnion. You can get them all at once or choose one every 4 months, three times a year.

Under government rules, there are a number of reasons you may be eligible for a free credit report beyond the three available at AnnualCreditReport.com. Here are the top five reasons why you can get a free credit report by contacting a credit reporting agency:

1. Disclaimer

You didn’t get a loan, job, or insurance coverage. If a credit report was used in the qualification process, you are entitled to a free report from the lender, employer or insurance company.

According to the Federal Trade Commission (FTC), “Anyone who uses a credit or other type of consumer report to deny your application for credit, insurance, or employment – or to take other adverse action against you – must tell you and must give you the name, address and telephone number of the agency that provided the information.”

2. Impersonation

The FTC says you are entitled to a free report if you are a victim of identity theft or place a fraud alert on your file.

Massive data breaches are more common than anyone would like. Equifax, for example, just reported to the SEC that a recent data breach included information regarding driver’s licenses, passports, social security numbers, military IDs, issued IDs by state and resident alien cards.

Not all breaches result in identity theft, but since data loss is relatively common, it makes sense to check credit reports regularly.

3. Fraud

Along with identity theft is the problem of outright fraud. If your credit card shows a bill for a pizza, that’s fine. If the pizza place is 2000 miles away and the pizza is $600, you should contact the credit card company and check your credit report as well.

4. Disadvantaged

If you are on public assistance, you can get free copies of your credit report. This makes sense because inaccurate credit information can increase costs and make it harder to get a job.

5. Unemployed

If you are currently unemployed but plan to look for work within the next 60 days, you can get a free credit report. This is important because employers often review credit reports before interviewing potential applicants.

Not all scores are the same

A number of different credit ratings are available to lenders and consumers. It is very possible that the free score you get online is not the same as the score used by lenders, employers and insurers.

Also, you may not get the diversity of scores used by credit grantors. Mortgage lenders, for example, obtain credit scores from three sources and use the intermediate score.

Related: No Credit Score (Do I Need a Bad Credit Home Loan?)

Ideally, you’d like to get the same score from the same source, but that may not be possible. Even so, a free credit report can be valuable. This can give you a good idea of ​​your creditworthiness and alert you to errors and outdated items.

There is free and at least free

Some sites that offer “free” credit reports do so on the condition that you also purchase credit monitoring services. You don’t have to. Free credit reports – credit reports that don’t cost a dime – are widely available online.

Free reporting sites are often funded by advertisements or the sale of services and referrals. Site operators have to make a living, so such strategies are good – you don’t have to buy anything. However, if a site asks for your credit card, you might want to move on.

The information contained on The Mortgage Reports website is provided for informational purposes only and does not constitute advertising for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent company or affiliates.

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