Getting Free Credit Report

Every citizen of the US is entitled to a free credit report each and every year, which can be requested and received one of three main credit reporting agencies-TransUnion, Equifax and Experian. Credit reports are not only used by lenders and financial institutions to determine the trustworthiness of applicants, they can also be used by card holders to track expenditure, improve budgeting and eliminate debt through wise consolidation. Credit monitoring services help to aid consumers in getting free credit report while also providing crucial analytics and financial advisory. These services can be set up to automatically serve notifications whenever any change has been made to your credit score or any of your credit accounts and this can significantly reduce the likelihood of credit card fraud or improper credit card debt management.

Getting free credit report can also be done if you have just applied and been denied some kind of line of credit. If you make a request in writing within 60 days the lender or retail store must provide you with a copy of your credit report free of charge. There are a lot of advantages to getting free credit report but the main one is educating yourself on what is contained therein. Going through your life not knowing or understanding the things that cause your credit score to go up and down is a very serious mistake to make. Your credit is one of the single most important things you will ever have. Not to pay attention to it and make sure that it is always in great shape is a costly mistake that many US residents make. To find out more about your credit report and getting your free copy then visit one of the three credit reporting bureaus websites and they will direct you properly on how to get your free credit report.