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Free credit reports on the Internet are after your money. That's a rather harsh statement but it is true. There is only one actual source recommended by the U.S. Government for a free instant annual credit report. Only one! The rest are selling monthly or yearly 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 complete record of your credit transactions. It contains the information sent in 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 shows it all. It reveals the good and the bad. On the positive side, your credit history may show mistakes and errors that can be corrected and, once erased, can improve your credit score. see your credit report Remember that a good credit report is a big advantage if you are looking to purchase a high-priced item. For instance, if you are considering buying a home 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. Many people want to know how often they should check their credit report. 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 transaction activity and accurately notify you when it occurs. 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 helps in protecting your credit rating and it also watch the activity of your creditors. There may be times when your creditor might fail to report a payment or purchase you made. You want every transactions to be posted to your history which helps your total credit score. 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 history. You will also see 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