Free Government Credit Report
Many people confuse the rules of the Free Trade Commission (FTC) with the idea that you are entitled to a free credit report government (freescorereportgov.com) every twelve months. The truth is the FTC made a law that the credit reporting agencies must provide you with a free copy of your credit report as it stands with them once every twelve months for free. Because the information in that report so affects what you can do in the financial world it is only fair for you to know exactly what is on it. In addition, the only way you can correct errors is to know what you are dealing with. If you have no access to the report you cannot get things corrected and you could be denied credit for false information.
Why Does it Need to be Free?
There are a few reasons it is made for free. One is that it is information about you and you should have access to it. The credit reporting agencies were making a fortune from people as they were charging each and every time you asked for one. If you were trying to get something corrected on the report you were paying multiple times until you found out it was corrected. Another is that it helps keep the credit reporting agencies honest. Not that they would put things on your report that were untrue, but mis-information is easy to come by. Now that people can easily check what is on their report and they have to correct things that are wrong, they spend a little more time making sure the information is right in the first place.
When Should I Check my Free Credit Report?
You don’t typically need to check your credit report more than once per year. If you know what is on there and you are aware of what you are doing with your money, your score is unlikely to change by much. You want to check your credit report if you are planning on doing big things like buying a house. In these cases you will want to start the process a few months ahead of when you get started. This gives you time to fix anything bad on your credit report that is not accurate before the mortgage company or underwriter looks up your number. This will help you secure the best possible interest rate and save you hundreds of thousands of dollars over time.
Why Does the FTC Care?
The FTC was set up to protect the consumer. While they have many jobs, one job is to police predatory lending. This is when lenders take advantage of your needs and charge you way too much for loaning you money. Most people think of this type of lending when considering loan sharks or other below the table types of lending establishments. These lenders charge too much for their services and the loan sharks often come with a threat of violence. The FTC is there to keep all the lending services in line. To check in and make sure interest rates are fair and that they are treating all people the same. As a commission it is one of the most comprehensive commissions that is all about public safety and your best interests.
Getting your free credit report helps to keep you in the loop when it comes to your financial situation and future. The last thing you want is to start the process of buying a house or borrowing money only to find out you don’t qualify because you didn’t know what is on your credit report. It is also a great way for you to keep on top of potential identity theft. You can sign up for a service that will give you a credit score daily. It doesn’t count as “looking into your credit” and the cost of such a service is usually just a few dollars a month. The more you know about how you look to lenders the more prepared you can be for the rates you are offered and what you can look forward to when you need to borrow money or start a new credit card.
Free Credit Report Gov
Every 12 months you can request a free copy of your three credit reports per the Fair and Accurate Transaction Act (FACT). These reports are provided by Equifax, Experian, and Trans Union.
Keep in mind that requesting your free annual reports will not give you your credit scores. To access your credit scores you can pay an additional fee to each credit bureau or to a credit monitoring agency that can do monthly monitoring of your credit and provide you will your scores in addition to your reports.
How To Request A Free Credit Report Gov
- Annually—you can access your free annual reports through one of these three methods:
- By Phone: You can call Annual Credit Report Service at 1-877-322-8228.
- By Mail: You can download and mail in a Annual Credit Report Request Form to:
Annual Credit Report Request Service
PO BOX 105281
ATLANTA GA 30348-5281
When you request to receive your free annual credit reports, be prepared to provide personal information such as your current lines of credit, dates of past lines of credit, social security number, current employer, or your past and present address.
If you request your reports online you will receive them instantly, if you request via phone or mail you will receive them within 15 days.
Is There Any Other Time That You Can Request a Free Credit Report Gov?
Yes, there are circumstances that arise that allow you to request free credit reports under FCRA regulations. Some of these circumstances are:
- If you have been turned down for a line of credit, received an “Adverse Notice”, or received a collection notice that your credit rating may be adversely affected, you have 60 days from the denial or notification to request a free copy of your credit reports.
- If you have placed a Fraud Alert on your credit file you can request a free copy of your credit reports. You can place a Fraud Alert on your account when you suspect someone has gained access to your personal information, such as having your purse or wallet stolen. The Fraud Alert will be active on your account for 90, or longer if you call to extend. You can call each bureau directly to place a Fraud Alert on your credit file or go to:
- If you have any of these changes occur you can also request an additional free reports:
- Are recently unemployed and would like to check your credit reports to assess what information potential employers may see. Employers cannot access your credit files without your written consent.
- Have been placed on welfare.
- Have reason to believe that some type of inaccurate information or fraud has been added to your credit files.
What If I Don’t Qualify For a Free Credit Report Gov
Anybody who has received his or her free credit report Gov (freescorereportgov.com) for the year, but would still like to check the credit files can for a small fee. You can do this by:
- Signing up with a credit monitoring agency that, for a monthly fee, will give you your updated credit scores, credit reports, and alert you of any changes to your credit files.
- Contact each for the credit bureaus individually and pay a small fee to each for your reports. You can reach each of the bureaus at:
Monitoring your credit files on a regular basis is key in maintaining healthy credit scores and assisting in early detection of Identity Theft and fraud.
Free Annual Credit Report gov
There are not too many things in life that are free, but getting a free annual credit report is one of them. Good credit is essential to obtain the credit you will need throughout your lifetime. In today’s troublesome economic climate, it is next to impossible to buy a home or even get one refinanced without a good credit score. So, what is a credit score? A credit score is a compilation of a set of statistics that show a great deal about your credit status and how you have handled your credit over a period of years, months or days.
A credit score can tell lenders a great deal;
- How much credit you have
- How late you may have been on your payments
- If you have missed any payments over the past year
- Any negative reports from creditors
- Any tax liens or court judgments for payment
Once per year, anyone should be able to obtain a free copy of their credit report simply by requesting access to the information. One of the most common occurrences regarding a credit report is that not too many of us really think about our credit and how it may impact our lives until we learn that we are having to pay a much higher interest rate than we thought. It is then time to obtain a copy of your credit report and one way is to get a free annual credit report gov, from any one of the top three credit reporting bureaus. These three are;
- Equifax: 1-800-685-1111
- Transunion: 1-800-888-4213
- Experian: 1-888-397-3742
All reports from lenders get logged into at least one of these big three credit reporting bureaus Many lenders will check the credit from all three, although some lenders prefer to do most of their business with one credit bureau, as they understandably develop excellent working conditions with the employees at that bureau. Each one of these credit bureaus can have a different score than the other, although most of the time all three scores are similar.
Getting a copy of your free annual credit report gov (freescorereportgov.com) is something that is free at least once per year in most cases. All one needs to do is to select which one of the three credit bureaus you want and request the information. After your get your free credit report, you can spend some time looking it over for errors. It is not uncommon for there to be errors on your report that is being reported to lenders. These errors can keep you from getting the loan that you need. Go over your report very carefully.
Anything that you do not agree with can be appealed or disputed. Disputes can be done quite easily. If you tell the credit bureau that something is wrong on your report they will conduct an investigation and the problem may be removed. Some people’s names are very similar and this is sometimes where the confusion lies. Another person’s history gets mixed up with yours and the report is inaccurate.
Make sure that you go into good enough detail so that the credit bureau can do a thorough check on your behalf. Getting this free annual credit report gov is one of the best ways to make sure that your credit stays in good shape, so that all of your future credit needs can be taken care of. This is vital in all phases of our lives, if we want to purchase or renovate our homes, take an expensive trip, or to open your own business. It is so important to keep on top of what your report is telling other people.