Many people today don’t understand the importance of what their credit report means and why its such a valuable asset to maintain. What many don’t know harms them, and what some do know, can either get them in trouble or get them better interest rates. It’s all in what you know and how to use what you know. It’s important to track your credit report because the more you know about it, the more you can be responsible with what you spend and buy. There are those of us that wish we would have taken the time to keep track of our credit reports, and others who laugh at those of us who didn’t take the time to be smart with the once good thing that we had, and now we’re paying for it.

Make it a point to set aside the time to track your credit report at least once a month. Annualcreditreport.com helps to make this possible, as they offer one the ability to view their credit report online for free. By going to annualcreditreport.com once a month, it makes tracking your credit report easily accessible to view. Do this for three months and you’ll learn why it’s so important to track your credit report so often. Every thirty days our credit reports change. This may be because you inquired about a new credit card, you bought a new car, you were late on a payment, you purchased a house or a consumer – without your knowledge or permission – pulled your credit to “pre-qualify” you for something you don’t want or need; yes it happens and unfortunately it’s completely legal. When consumers or third parties do this, it puts a ding in your credit. It’s wrong, yes… but there’s nothing you can do about it. To the credit reporting agencies, it looks as if you are going out and trying to get credit everywhere, and initially this drops your credit score.

It’s best to keep the responsibility of tracking your credit report close to heart, so that if situations arise, such as; identity theft, third party abuse and other such situations, you can have knowledge almost immediately to be able to know when things in you credit report change. It makes things a lot easier to prove and dispute should there ever be a conflict on your credit report. Be wise, get to know your credit report, track it like you would the miles of your car for the next oil change and life will be much easier

The best web-site that I’ve found for viewing all three of your credit reports would be; annualcreditreport.com. By going to the site, you can enter in your information securely, and you get re-directed to the actual credit reporting agencies main web-site. The sites are secure and extremely understandable. You can view each report at the click of your mouse, and save them to your computer for printing later, or to save as a file, so that you can view and print the next time you have a spare minute.

Another web-site that greatly helpful – and I’m sure you’ve seen the commercials – is; freecreditreport.com. they offer you the chance to view your credit reports for free and also to check on your credit score. The only set back is that you have to pay for a trial membership, which is okay as long as you remember to call and cancel the trail membership before your credit card gets charged. While this may sound like to much of a hassle, it’s actually nice to use this service, because they offer credit tracking and other advantages, so if you decide to keep the membership you gain the extra benefits of being able to learn more about your credit and how everything you do affects it.

Keep in mind that you can always call and request a copy of your credit report from Equifax, Experian and Trans Union. They are required to send you a free copy of your credit report once a year. If you request a copy an more than that, it will cost you between $5.00 and $10.00 extra. But keeping a copy of your report can be helpful and viable to learning and understanding your credit and credit history throughout the year.

]]> http://fixedcredit2009.com/the-best-places-to-get-a-free-copy-of-your-credit-report/feed/ 0 http://fixedcredit2009.com/credit-repair-understanding-the-three-major-credit-bureaus/ http://fixedcredit2009.com/credit-repair-understanding-the-three-major-credit-bureaus/#comments Mon, 11 May 2009 23:20:27 +0000 admin When you establish credit for the first time, you credit report is collected by three major credit bureaus; Equifax, TransUnion and Experian. When a credit check is done for a loan, car or credit card, institutions do an inquiry of your credit report from these three bureaus.

The data that is being inquiried is personal information about payments against your report. Institutions, banks and even landlords use this information to evaluate the desicion of a approval or denial of credit. Any one of the three bureaus will give your data a score. This score is so important because it could mean the answer of “yes” or “no”. If one possess a poor payment history which in turn will result in a poor credit rating, it will be difficult for that person to receive any type of credit.

All three bureaus have visual site of personal data from anyone’s credit report. You should request for your free credit report to keep track of unauthorized transactions against your account. However, running multiple transaction inquiries can lower your score and hurt your chances of getting credit from institutions. If you spot inaccurate behavior on your report, you have the right to contact all credit bureaus to dispute the issue and take necessary steps.

Even though you make regular payments, honor your loan shedule and contact institutions about account issues, your credit score could be poor due to inaccurate information being posted on your account. That’s why its wise to contact all three bureaus immidately after spotting abnormal transactions to regain your good standings. Instantaneously, investigations will begin by each of the three bureau’s dispute departments respectively.

Not only can one get information and data about themself when running a credit report inquiry, they can also see if any other individual or institution conducted an inquiry as well. One will be able to detect if any information has been added to their report. Upon being denied by any application filed, one has the right to check out any irregular transactions against their report and can dispute these errors with any of the bureaus. One can also search the internet for these indivisuals or institutions or through all three credit bureaus. Conducting these searches give people the power to manage a good credit score for future credit desicions.