Did you know that there is such a thing called government free credit report? If you didn’t, then it’s probably best if you read on to know more about credit reports. Everyday, people everywhere make all kinds of credit transactions. Think of the bill payments, the fares, the loans, and all other expenses you can think of. With the long list of expenses, people would be thankful if somehow all expenses were recorded. This is where the free credit report from the government comes in.
A government free credit report is a statement of all the credit transactions you have made—bill payments, loans, and even court summons, and whether or not someone is filing a suit against you. Aside from those, a credit report consists not only your credit history but also your address and credit scores.
The free credit report came to be thanks to the Fair Credit Reporting Act (FCRA), which was passed by the government for the benefit of all consumers, requiring all authorized credit reporting agencies to provide free credit reports to all citizens, especially to those who request it.
How Can I Get My Government Free Credit Report?
There are two ways to request for your government free credit report. You can request it online or by mail. Before that, you should take note of the three credit reporting companies duly authorized by the government to provide free credit reports. They are:
- (800) 685-1111
- or you can visit their site through their website
- Experian (formerly TRW):
- (888) 397-3742
- or you can visit www.experian.com
- Trans Union:
- (800) 916-8800 or (800) 888-4213
- or you can visit their website
Equifax, Experian, and Trans Union are recognized by the government and you can request your free credit report from any of these agencies by calling their respective contact numbers or visiting their websites. Another site you should take note of is Annual Credit Report. Annual Credit Report is a site also appropriately recognized by the government. You can also file for requests for credit reports through the said website.
A tip in requesting a government free credit report by the way, it is said that requests for a credit report are quicker when submitted online than requested by mail. So if you’re in a hurry to get your credit report, you’ll have better luck requesting it online.
Why Do I Need A Government Free Credit Report?
Most people underestimate the importance of a government free credit report. They think it’s just another project of the government that wastes money. Think again. If the government went all through the effort of passing and implementing a bill to give out free credit reports to the citizens, most likely there is a very good reason for it.
Actually there are a lot of reasons why a credit report is important, regardless of whether or not it’s free—don’t worry, it’s in fact free. The main one is for you to have the opportunity to review and verify your credit reports. Since a credit report lists your credit history, you will be reminded of your dues and be aware of the payments you have already complied with. Aside from that, you may also file for correction just in case there is any error in the information registered in your credit report.
Another significant reason is the chance for you to update yourself with your current credit score or credit points. With a credit report or credit history in your hands, you may check whether or not you may still avail of certain loans in the future by confirming your credit score.