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Free credit reports online are mostly scams. That's a tough statement but it is proven. There is only one actual source recommended by the U.S. Government for a free instant annual credit report. Only one! The rest are marketers trying to get you to sign up for services in order for you to get your credit report. And, even the government approved provider charges extra to get your credit score.

I would be surprised if you did not know that your credit report is actually a detailed record of your credit history. It contains the details reported by 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 positive and negative. On the positive side, your credit history may reveal mistakes and errors that can be corrected and, once fixed, can improve your credit score. see your credit report There is no doubt that a good credit report is an important advantage if you need to buy a big-ticket item. For instance, if you are considering buying a property in the near future you need to have a strong credit history. 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 scams 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 credit activity and instantly notify you when 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 helps you to keep a check on your creditors. There may be times when your creditor might fail to report payments or purchases. You want all transactions to be posted to your history which helps your total credit rating. credit report scam The first thing your free credit history shows is a complete summary of your personal statistics. It contains your legal name, a listing 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 information you need for handling your finances comes next in your report. It also lists any bankruptcy, payment history including late payments and collections. And, you will see when your financial institution runs your credit report to keep their information on you current. Your financial health will depend on the credit statistics in your free instant online credit report. You can easily get educated and take control of your financial life. annual credit report scam