Free Instant Credit Reports Online Are Marketing Gimmicks

  • Print Article |
  • Send to a Friend |
  • |
  • Add to Google |

You must realize that your credit report is actually a detailed record of your credit activity. It contains the details collected from various financial and government sources which have been added to credit bureau records. This credit report gives detailed information about the financial position of your personal and business activities. Your credit report hides nothing. It reveals the best and worst about your money management. On the positive side, your credit history may reveal mistakes and errors that can be corrected and, once corrected, can improve your credit score.

There is no doubt that a good credit report is an added advantage if you want to buy a high-priced item on a monthly payment plan. For instance, if you are considering buying a house in the near future you need to have a credit history that is above average. A strong credit history is just about the only way to show banks or money lenders that you are credit worthy.

How often should you check your credit history and credit score? Keeping on top of your current credit report and credit score is a must do practice. It is a good practice to check your credit report at least once every six months.

At the beginning of this article I said that free instant credit reports online are marketing gimmicks but you still might consider signing up for a credit monitoring service some of them offer. Let me explain my contradiction.

While these can cost upwards of fifty-dollars a year, you get some important advantages. These services constantly monitor your financial activity and accurately report that activity to you as it happens. This allows you to see if anyone is accessing your finances without your permission so you can take action if needed. Credit monitoring does the work for you. Remember, checking your credit report allows you to protect your credit rating and it also watches the activity of your creditors. There may be times when your creditor might fail to report payments or purchases. You want those good transactions to be posted to your history which helps your total credit score.

A free instant online credit report begins with a complete summary of your personal statistics. It contains your legal name, the list of all your recent and prior home addresses, current contact phone number, Social Security number, date of birth and  your current and past work history. The important information you need for managing your finances comes next in your report.  It also lists any bankruptcy, payment history including late payments and collections. You will also see when your financial institution runs your credit report to keep their information on you current.

Your financial future is determined by the credit history in your free instant online credit report so get educated and take control of your credit history. Visit: Annual Credit Report Scam for Free videos, articles, and discussion to help you. You can also ask questions about your credit report. It's all Free. No signup for anything. Visit now.

Rate this Article:
  • Article Word Count: 448
  • |
  • Total Views: 25
  • |
  • permalink
  • Print Article |
  • Send to a Friend |
  • |
  • Add to Google |
>