When it comes to your credit score, it all boils down to a 3-digit number. It can be anything between 300 and 900; the higher it is, the better it is for you. The higher your credit score, the easier it will be for you to get a loan or sign up for a credit card. The good news is that now you can get a free credit check easily. The Fair Credit Reporting Act lets consumers request for their credit reports from the three major credit reporting bureaus in the United States of America, once every 12 months for free. This means that you can ask for your credit report for free every year. This credit check will let you find out discrepancies if any and also find ways and means to improve your credit score.
Getting a free credit check
Getting a free credit check is not difficult. The three major credit reporting bureaus have set up a website online that is fully centralized and available nation-wise. It lets you ask for a credit check once every 12 months from each of the bureaus through the website, or by calling a toll-free phone number, at no cost to you. There is also a mailing address available using which you can order your credit report at free of cost. What you just have to do is find out the major ones.
Important information to remember when asking for a free credit check
You should not try to contact the individual credit reporting bureaus themselves. You can order your credit reports from all three of them simultaneously, or you can do so one at a time. The law permits that you can ask for your free credit check from each bureau only once in 12 months. You can use the service as you wish as long as it keeps to the rule.
It makes sense to look for red flags when you require a free credit check. There are many scam websites available on the internet that will try to get your credit card information on falsified grounds. Only one website has the authority to work in this sector and it is the one mentioned above. So make sure that you use this URL when ordering your free credit check. Being careful in your online dealings will help in this regard.
Why is availing of your free credit report a great idea?
To check for errors: Errors do happen and checking your report for them is a good way of improving your credit score. If you find an error, you can dispute it with the concerned bureau.
You are about to make a big purchase: Whether you are buying a home or a car, studying your credit report will help you understand how to go about applying for a loan.
Identity theft: Regularly checking your credit report helps you guard yourself against identity theft.
Use your free credit report well and it could pave the way for financial well-being.