What is a credit report?

In short, your credit report is your financial life if not your entire life!

Your credit report is used to determine your creditworthiness and this determines the credit card, debt, loan, mortgage rates that you will be able to secure.  A good credit report can save you a lot of money.

Credit reports contains a lot of personal information on you including your residency, job history, income history, existing credit cards, existing debts, and previous loans.  Payment behavior is also collected to make an informed judgement on how well you manage debt and how much banks and other creditors want to lend to you.

Can I get a free copy of my credit report?

Federal law states that all credit bureaus (Experian, Equifax, TransUnion) are required to give you one free credit report each year.  You just have to ask and request one through www.freecreditscore.com.

I am recommending FreeCreditScore because other free services only provide your credit report.  However, what is equally important is knowing your actual credit score.  This one number is what determines how attractive you are to lenders and what offers you are able to get.  If you don’t want your credit score you can always go www.freeannualcreditreport.com

The fine print

When you order your free credit score here, you will begin your 7-day trial membership in freecreditscore.com. If you don’t cancel your membership within the 7-day trial period*, you will be billed $14.95 for each month that you continue your membership. You may cancel your trial membership anytime within the trial period without charge.