Three Credit Reporting Agencies - Tips Before You Buy
Three Credit Reporting Agencies - You’ve probably realize that getting your credit report is a big deal., it’s your financial lifeblood, a bad credit report can ruin your financial future.
You can make it back - I’m living proof of that - but the odds are against you, the best strategy is to not get on the slippery slop of bad credit, and know how to manage your credit report information.
Firstly you need to buy your credit report, now this might seem simple and it is but, you need to consider a few things first. These best place to get your credit repot is from annualcreditreport.com
They will give you a completely free report, once a year, from the three credit reporting agencies, why? because it is government funded. The government made a new law not too long again to make it possible for Americans Citizens to have access to their financial information.
The only draw back is that they will only give you one report per year from each agency, you need to get at least two reports.
Why you ask? because you need to check your reports more often, once a year is not nearly good enough. You don’t wait to check your credit card statement once a year, (or at least I hope you don’t ). Your credit report is way to important for that.
Just like checking your credit card statement for bad information and fraudulent activity you need to check your credit report for the same thing.
If you get stung by a thief and they damage you identity then you can take years to recover, or may never recover. Getting copies of your credit report will prevent this from happening, even if it does happen you can act on fixing it quickly, and, you simply have no other viable alternative.
You may have heard of Credit Fraud Alerts. Yes they all offer this service - the big three credit bureaus - and for good reason, they have to do very little work and generate hundreds of millions of dollars each year.
They actually do the sell of it really well and people generally don’t know the alternatives so it’s easy to see how people will purchase it. With todays society the way it is - credit identity theft being so bad. Then it’s easy to see why people are scared and why you need it.
But you are really throwing your hard earned way. What is I told you you can save $500 dollars and have a more secure credit report. Yes, you can get this - and I’m not even trying to sell anything to you - see I’ve done my research and I now there is a better way.
Don’t take my word for it - do a big of googling and you will soon reach my same conclusions.
See Alerts will only send you an alert when and after the even has happened, but someone needs to actually report it to the bureaus this really happens. Also, you need an alert placed on all your credit bureaus so they call can track any suspicious activity. that will cost you $15 each - so over $500 all up for the year.
The alternative is to just order more credit reports - that will set you back $60 - instead of $500.
Yes, like you credit card statement you need to check your report for mistakes and anything that looks a bit suss.
Please don’t hesitate to leave any questions, I hope this document has provided good information on Three Credit Reporting Agencies and will save you money and keep your information for your eyes only.
