?How to Use Free Credit Reports
The Federal Trade Commission has always had to listen to consumers complain. A few years back, those complaints rose to a roar when consumers
who were responding to an ad for a free credit report found themselves enrolled in a monthly service. The FTC stepped in and amended the Fair
Credit Reporting Act to require each of the three national consumer reporting companies - Equifax, Experian, and TransUnion - to provide each
consumer with a free credit report every 12 months.
There are many websites that advertise free credit reports if you agree to test out their services. The only place online where you can find a truly free
credit report is the American government's website, www.annualcreditreport.com. You can apply for you free credit report online, by phone, or by mail.
Although these credit reports that have been apportioned for consumers by the federal government are completely free to use, a rather large number
of consumers fail to avail themselves of this service. Since it does take some time to fill out a request form and send it in, some people don't want to
take the time to do it. Other people, though, simple are not aware that they can get a credit report for free.
In order to stay on top of your credit, you should get a credit report once every four months. This schedule works out well with the arrangement that
has been established by the US government. Since each of the three national credit reporting agency is required by federal law to give consumers a
free credit report once a year, you can request one from each agency every four months and thus maintain a watchful eye on your credit without
having to pay anything.
Beware of the extras that they will offer you when they get ready to send you the free report. Each company wants to make money, so they will provide
you with a chance to sign up for a credit score, a monthly service, or other amenities. It is not necessary to have any of these things to keep an eye on
your credit history.
Knowing your credit score