Oct
6
Free Credit Report
October 6, 2011 |
I remember when I graduated from college, over 20 years ago, I wanted to buy a car before I started my new job. I had had enough. I refused to be seen any longer riding around in a 1980 Ford Pinto. Some may recall that the Pinto had a slight design defect. Its fuel tank was in the rear where all gas tanks belong, however it was exposed. Let’s just say, Pintos’ didn’t handle rear-end collisions very well. Come to think of it, that’s probably why I got such a good deal when I bought it.
I really don’t know what I was thinking. I wasn’t going to start working for a couple of months. If I did buy the car how was I going to pay for it? That wasn’t important. I just wanted a new car. So, I went down to the dealer - test drove a brand new Nissan and told the salesman I wanted it.
The salesman said that he had to run a credit check. I said go ahead that shouldn’t be a problem. He said that if there were going to be any surprises - just tell him now and we could try to work through them. I said that there wouldn’t be any problems just go forward. Why did I say that? Back then, financial responsibility was the last thing on my mind. Sometimes I had money to pay my bills, but most times I didn’t. When I walked off that lot that day, I knew unless there was some divine intervention; I wouldn’t be getting that car.
The next day I went to the dealership and the salesman just shook his head. I didn’t say a word. I just turned around a left. I said all of that to say save yourself some embarrassment. As of September 2005, you are entitled to a free copy from each of the three credit-reporting agencies (Equifax, Experian, Trans Union) every year thanks to the Fair and Accurate Credit Transactions Act. Free report If you don’t want to request your report over the Web, you can also call 1-877-322-8228 or complete and mail in the “Annual Credit Report Request Form” available at www.ftc.gov
About six months later, I bought myself a new car. Let’s just say the Pinto wasn’t cut-out for New England winters.
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About the Author Michael Dawson recently said goodbye to a 20 year career in Engineering, Marketing and Sales to focus on living his dream of financial independence as a full-time trader on his on account. He has also established a financial education company, The Time & Money Group, to encourage others to pursue financial freedom and is publisher of the company’s blog “Breaking the Shackles of the 9 to 5.” His mantra is “Why trade time for money … when you can have both.” http://www.thetimeandmoneygroup.com/blog Make sure to read one of Dawson’s most popular articles: “Saying Good-Bye to the Time for Money Swap” Credit Tip! The credit report plays a significant role in the functioning of consumer credit markets. Since loans are advanced based on the credit reports the chances of loans going bad are minimal.
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Popularity: 26%
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Jun
19
Free Credit Report
June 19, 2010 |
Most people are familiar with the term credit report but not everyone has a clear picture of exactly what a credit report it is. Your credit report can be viewed as a report card of your financial and credit activities. You are “graded” on your payment timeliness and credit activity. The fewer late payments you have made and the fewer delinquent accounts you have, the better your grade will be. Your credit score is basically a cumulative grade of your credit report. It is important to know what is on your credit report to ensure that your credit activity is being reported correctly.
But unlike a regular report card, you will not receive a copy of your credit report unless you request one. There is more than one way to go about when requesting a copy of your credit report. For a fee, you can receive a copy directly from one of the major credit bureaus. Or you can obtain a free copy from one of the many companies available on the Internet. There are many reputable companies that will provide you with a copy of your credit report completely free of charge. Visit www.credit-report-credit-score.com to learn more about credit reports and how to get a free copy of your credit report.
Some people may be a little skeptical about requesting a copy of their free credit report and may wonder if it is as good as a copy that you would pay for. But rest assured that a free credit report contains the exact same information that you would receive if you had paid for a copy directly from the credit bureaus.
You may be wondering why would companies provide you with a free copy of your credit report and is there a catch? Most companies that will grant you a free copy of your credit report require that you sign up for a credit monitoring service of some sort. But as long as you cancel the service before the free trial period ends, then you never pay a penny and still get to keep your free credit report. However, there are some really good credit services out there if you choose to keep the service. Many people have greatly improved their credit situation with these types of services. So make sure that you know all of the benefits before canceling a credit service that may accompany your free credit report.
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Note: This article may be freely reproduced as long as the authors bio paragraph at the bottom of this article is included, the article is published “as is” (unedited) and all URL’s are made active hyperlinks with no syntax changes.
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About The Author
This article was written by Beth Pardue who has over 10 years of experience in the financial industry assisting clients with assorted financial needs. To learn more about credit reports or to get a free credit report online please visit: http://www.credit-report-credit-score.com
Popularity: 3%
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Jul
21
Free Credit Report
July 21, 2009 |
Credit reports are a serious matter. They are the “be all and end all” when it comes to getting financial support from your bank. Your credit rating tells your bank about your buying habits and spending tendencies. Banks use this information to calculate how likely you are to default on a loan.
Many financial institutions such as banks and lending companies rely on credit reports to efficiently pinpoint loan applicants who are most capable of paying them back. After they have ascertained that, they again use credit reports to gauge how much they can safely lend to each applicant.
A few years ago, the only way to obtain your credit report was to hire a special agency prepare it for you. But now you can get an online credit report without having to spend a dime. In short, you don’t need to spend to know how much you spend!
Free credit report sites are all over the internet. They can help you get your credit rating in a matter of minutes. Free credit reports are also honored by financial institutions though they usually do their own credit checking.
If you have previously applied for a loan and have been denied, you may ask your bank or lending company to supply you with your credit rating. They are required by law to give you a copy of their findings about your credit history to prove that you are indeed unqualified for a loan. That, in itself, is a way to obtain a free credit report.
When searching for a free credit report, it is wise to make sure that you are using a trustworthy credit-report site that will protect your privacy. After all, when sending your personal information to an unsecured internet site, it always pays to be careful.
Free Credit Report provides detailed information on Free Credit Report, Free Credit Reports Online, Free Annual Credit Reports, Free Instant Credit Report and more. Free Credit Report is affiliated with Effects Of Bad Credit Reports.
Popularity: 4%
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