Posts Tagged ‘Annual Report’
Free Annual Credit Report
February 15th, 2011 
Posted in Credit Letters 
Tags: Annual Credit Report, Annual Report, Free Annual Credit Report 
Comments OffFree Annual credit report-Know your credit status
February 12th, 2011 
Posted in Three Months Tags: Annual Credit Report, Annual Report, Free Annual Credit Report Comments Off
Free annual credit report: evaluate your credit worthiness
December 16th, 2010 
Posted in Police Report Tags: Annual Credit Report, Annual Report, Credit Worthiness, Free Annual Credit Report Comments OffFree annual credit report – Know your financial status
December 14th, 2010 
Posted in Monthly Payments Tags: Annual Credit Report, Annual Report, Free Annual Credit Report Comments OffOrder a Credit Report – Where and How You Can Order This Report
December 6th, 2010 
Bart Newman asked:
Credit reports are very important in many ways. It does not only tell you your credit standing, it also helps you on your loan, credit card, and job applications. These reports are generally the basis for the approval of such applications. For this reason, having an updated copy of the report at least once a year is very important. And if you want to know the best ways to order a credit report, you’ve come to the right place.
There are three ways to order a credit report. One way is to print out the annual credit report request form and mail the copy to the agencies that offer free report. And if you’re not comfortable with this method, you may order the report by phone.
There are three major agencies where you can get this report from. These are Experian, Equifax and TransUnion. What’s great about them is that they offer free once a year. Here’s how you can order a credit report from each of these agencies.
Experian
Ordering this report through Experian is pretty easy. You just need to fill out a request form and you’ll get your the report in a matter of seconds. After viewing your report, take note of the report number in case you need to view it again within 30 days.
Equifax
With Equifax, you’re offered various features and product promotions. And although you’re not really required to get the extra services that this company offers, you may avail of their credit monitoring and analysis services at a discounted price. Equifax also allows you to view the report again within 30 days.
TransUnion
As a new TransUnion user, you would need to create your own account with them. And if you already have an account, log in to view your credit report. Like other two agencies, TransUnion allows you to view your report again within a 30-day period.
Although it is not really recommended that you constantly check your report, there may be times that you would need to view them again even after you’ve used up all your freebies.
Aside from these the three bureaus, there are also other online sites where you can order a credit report. At any time, you can purchase this information online by subscribing to monitoring program that offers regular access to this data. But just be vigilant to make sure that they are credible companies. There are sites that pretend to give your report after you fill out a request form but are actually scammers trying to steal your personal information.
Keith
Credit reports are very important in many ways. It does not only tell you your credit standing, it also helps you on your loan, credit card, and job applications. These reports are generally the basis for the approval of such applications. For this reason, having an updated copy of the report at least once a year is very important. And if you want to know the best ways to order a credit report, you’ve come to the right place.
There are three ways to order a credit report. One way is to print out the annual credit report request form and mail the copy to the agencies that offer free report. And if you’re not comfortable with this method, you may order the report by phone.
There are three major agencies where you can get this report from. These are Experian, Equifax and TransUnion. What’s great about them is that they offer free once a year. Here’s how you can order a credit report from each of these agencies.
Experian
Ordering this report through Experian is pretty easy. You just need to fill out a request form and you’ll get your the report in a matter of seconds. After viewing your report, take note of the report number in case you need to view it again within 30 days.
Equifax
With Equifax, you’re offered various features and product promotions. And although you’re not really required to get the extra services that this company offers, you may avail of their credit monitoring and analysis services at a discounted price. Equifax also allows you to view the report again within 30 days.
TransUnion
As a new TransUnion user, you would need to create your own account with them. And if you already have an account, log in to view your credit report. Like other two agencies, TransUnion allows you to view your report again within a 30-day period.
Although it is not really recommended that you constantly check your report, there may be times that you would need to view them again even after you’ve used up all your freebies.
Aside from these the three bureaus, there are also other online sites where you can order a credit report. At any time, you can purchase this information online by subscribing to monitoring program that offers regular access to this data. But just be vigilant to make sure that they are credible companies. There are sites that pretend to give your report after you fill out a request form but are actually scammers trying to steal your personal information.
Keith
Posted in Finance Tags: Annual Credit Report, Annual Credit Report Request Form, Annual Report, Credit Applications, Credit Card, Credit Report Request, Credit Reports, Equifax, Experian, Extra Services, Form Mail, Freebies, Loan Applications, Loan Credit, Reason Comments OffBeware of Your Free Annual Credit Report
November 26th, 2010 
Philip Tirone asked:
Downloading a free annual credit report isn’t a complete waste of your time, but you should be aware of a few pitfalls. Free Annual Credit Report Warnings Per the law, the three major credit-reporting bureaus are required to provide a free annual credit report to consumers. This means that you can review your Equifax, Experian, and TransUnion credit reports each year, without paying a cent. Sounds like a good deal, right?
Think again. There are two very important things you should consider before you visit the website to download you three free credit reports.
1. First, AnnualCreditReport.com’s website will provide your three credit reports for free, but your credit scores will not be included. A lot of people are surprised to learn that a credit report and a credit score are not the same thing. A credit report is simply a list of the information your creditors have reported to Equifax, Experian, or TransUnion. A credit score, on the other hand, is generated through a formula that analyzes the report to determine how likely you are to repay your bills on time. If you have a high credit score, you are considered highly likely to pay your bills on time. If you have a low score, you are considered risky. Sure, having a free annual credit report is helpful, but without the score, you will not know where you stand. Think of it like this: Let’s say you are required to take a class to become a surgeon. You take the class, complete the homework assignments, and take a few tests. Unfortunately, you are never given the results of your tests and homework assignments. Instead, you are simply given a list of all of your assignments. Sure, the report indicates how many questions you answered right and wrong, but it gives you no indication of what your grades you received on the individual assignments and tests. It also doesn’t tell you your overall grade. Without any idea of whether you passed or failed, you would be left with a lot of guesswork. If you download your credit report but do not get a credit score, you will have a hard time knowing whether your credit is good or bad. You will be unable to analyze your score to take a guess at what your interest rates would be, and you will not know whether you need to start repairing your credit. That said, having a free annual credit report does help you in a few ways. You can:
* Check for errors. Are your credit limits being reported properly? Is there any incorrectly reported derogatory information? Having copies of your credit reports will help you identify mistakes so you can begin the process of correcting them. That said, some mistakes are not hurting your credit score at all. If you do not know your score, you cannot know whether you should spend the time correcting mistakes or not.
* Check for omissions. Not all creditors report to all the bureaus, which means that each of your three credit reports will be slightly different. If you have a credit card or loan that is in good standing, but that is not being reported to one of the bureaus, you can always call the creditor and ask it to report to the bureaus.
* Check for signs of identity theft. If someone else’s information is listed on your credit report, or if you spot accounts that are not yours, you could be a victim of identity theft. Having a copy of your credit report will help you nip any fraudulent activity in the bud!
2. The second thing you should consider when downloading your free annual credit report is this: the website will offer to sell you a “credit score.” This score is pure and total junk. Let me provide a quick credit lesson to explain this. Equifax, Experian, and TransUnion are credit-reporting bureaus. Their job is twofold:
1) They collect information from your creditors; and 2) Depending on who is requesting your credit score, they apply a formula to this information and report your score. This bears repeating: Equifax, Experian, and TransUnion apply different formula, depending on who is requesting your credit score.
If a bank requests your credit score, they will apply a formula that is tailored for the bank. If a landlord requests your credit score, they will apply a different formula. And if you request your own credit score, the bureaus will apply the Consumer Score formula. Almost all lenders want a credit score based on the FICO formula. In fact, not a single lender, landlord, or employer will ever look at a Consumer Score. But if you buy your credit score from the free annual credit report website, you will be given a Consumer Score and not a FICO score. The danger of this is that the consumer score is almost always higher than the FICO score. While the FICO scale ends at 850, the Consumer scale ends at 990. A 720 Consumer Score might be only a 650 FICO score. But if you rely on a Consumer Score, thinking that you will be approved for a loan or offered great interest rates due to your high score, you will be shocked when your FICO Score is revealed. You might end up paying higher interest rates than you had planned, or you might be denied a loan entirely. And you will lose critical time you might need to repair your score and prepare for a loan.
The lesson here is this: Never, never, never buy your credit score from the free annual credit report website, or from any other website that sells consumer credit scores. You can get your FICO score from one of two places: Either a lender can run your credit and tell you what your FICO score is, or you can get your score from FICO.
Javier
Downloading a free annual credit report isn’t a complete waste of your time, but you should be aware of a few pitfalls. Free Annual Credit Report Warnings Per the law, the three major credit-reporting bureaus are required to provide a free annual credit report to consumers. This means that you can review your Equifax, Experian, and TransUnion credit reports each year, without paying a cent. Sounds like a good deal, right?
Think again. There are two very important things you should consider before you visit the website to download you three free credit reports.
1. First, AnnualCreditReport.com’s website will provide your three credit reports for free, but your credit scores will not be included. A lot of people are surprised to learn that a credit report and a credit score are not the same thing. A credit report is simply a list of the information your creditors have reported to Equifax, Experian, or TransUnion. A credit score, on the other hand, is generated through a formula that analyzes the report to determine how likely you are to repay your bills on time. If you have a high credit score, you are considered highly likely to pay your bills on time. If you have a low score, you are considered risky. Sure, having a free annual credit report is helpful, but without the score, you will not know where you stand. Think of it like this: Let’s say you are required to take a class to become a surgeon. You take the class, complete the homework assignments, and take a few tests. Unfortunately, you are never given the results of your tests and homework assignments. Instead, you are simply given a list of all of your assignments. Sure, the report indicates how many questions you answered right and wrong, but it gives you no indication of what your grades you received on the individual assignments and tests. It also doesn’t tell you your overall grade. Without any idea of whether you passed or failed, you would be left with a lot of guesswork. If you download your credit report but do not get a credit score, you will have a hard time knowing whether your credit is good or bad. You will be unable to analyze your score to take a guess at what your interest rates would be, and you will not know whether you need to start repairing your credit. That said, having a free annual credit report does help you in a few ways. You can:
* Check for errors. Are your credit limits being reported properly? Is there any incorrectly reported derogatory information? Having copies of your credit reports will help you identify mistakes so you can begin the process of correcting them. That said, some mistakes are not hurting your credit score at all. If you do not know your score, you cannot know whether you should spend the time correcting mistakes or not.
* Check for omissions. Not all creditors report to all the bureaus, which means that each of your three credit reports will be slightly different. If you have a credit card or loan that is in good standing, but that is not being reported to one of the bureaus, you can always call the creditor and ask it to report to the bureaus.
* Check for signs of identity theft. If someone else’s information is listed on your credit report, or if you spot accounts that are not yours, you could be a victim of identity theft. Having a copy of your credit report will help you nip any fraudulent activity in the bud!
2. The second thing you should consider when downloading your free annual credit report is this: the website will offer to sell you a “credit score.” This score is pure and total junk. Let me provide a quick credit lesson to explain this. Equifax, Experian, and TransUnion are credit-reporting bureaus. Their job is twofold:
1) They collect information from your creditors; and 2) Depending on who is requesting your credit score, they apply a formula to this information and report your score. This bears repeating: Equifax, Experian, and TransUnion apply different formula, depending on who is requesting your credit score.
If a bank requests your credit score, they will apply a formula that is tailored for the bank. If a landlord requests your credit score, they will apply a different formula. And if you request your own credit score, the bureaus will apply the Consumer Score formula. Almost all lenders want a credit score based on the FICO formula. In fact, not a single lender, landlord, or employer will ever look at a Consumer Score. But if you buy your credit score from the free annual credit report website, you will be given a Consumer Score and not a FICO score. The danger of this is that the consumer score is almost always higher than the FICO score. While the FICO scale ends at 850, the Consumer scale ends at 990. A 720 Consumer Score might be only a 650 FICO score. But if you rely on a Consumer Score, thinking that you will be approved for a loan or offered great interest rates due to your high score, you will be shocked when your FICO Score is revealed. You might end up paying higher interest rates than you had planned, or you might be denied a loan entirely. And you will lose critical time you might need to repair your score and prepare for a loan.
The lesson here is this: Never, never, never buy your credit score from the free annual credit report website, or from any other website that sells consumer credit scores. You can get your FICO score from one of two places: Either a lender can run your credit and tell you what your FICO score is, or you can get your score from FICO.
Javier
Posted in Finance Tags: Annual Credit Report, Annual Report, Consumers, Credit Bureaus, Creditors, Download Free, Experian Credit, Free Annual Credit Report, Free Credit Reports, Guesswork, Homework Assignments, Important Things, Lot, Major Credit Reporting Bureaus, Pitfalls Comments OffPut Your Credit Card Away and Get Your Free Credit Report
November 7th, 2010 
Wilfrid Baptiste asked:
It’s pretty safe to say that by now almost everybody in America that even remotely pays an interest to their credit knows that they’re entitled to a credit report report every year from each of the three credit bureaus. That law was voted in 2005, to protect the consumers and give them the possibility of keeping track of their credit history without necessarily having to pay for it.
What the legislators probably didn’t anticipate, is that this law would create a whole new industry based on the false promise of a free credit report. It seems that instead of empowering the consumer, this law has instead created more confusion. There are so many companies out there advertising free credit reports, but as it turns out, you always have to hand out your credit card information!
I don’t know about you, but anytime I’m asked for my credit card information, I know there’s a payment coming down the line. And if there’s a payment, how can the thing be advertised as free? As it turns out, it’s a free trial for a credit monitoring service, where the free credit report is the lure that draws unsuspecting customers in.
Once you hand out your credit card information, those companies are banking on the fact that you will forget to cancel before the trial period expires. That’s when they will charge you for a service that you probably don’t need or worse, that you probably didn’t even know you had signed up for.
If you need a totally free, no strings attached credit report, you’ll have to go the Annual Credit Report’s website (it’s a government website) where you’ll be able to order your 3 free credit reports (one from each bureau) per year. You don’t have to order all 3 at once, so you can conveniently space them 4 months apart and this way have a very good view of how your credit history is evolving.
There’s one big drawback to the information provided by this website: you will get your credit reports, but they do not include your credit scores. In fact, credit scores are never free. Getting them always requires a purchase. The law that was passed back in 2005 doesn’t specify getting a credit score.
So the companies that you see advertising actually offer a free credit report and score, and many people, since they know about the law, wrongly assume that the companies are referring to the free annual credit report that they’re entitled to. And inevitably, a percentage of them will not cancel at the end of the trial period, and that’s how those companies make their money.
I’m not saying that credit scores are not worth paying for. The fact of the matter is that there are plenty of good reasons for purchasing your credit reports and/or scores, or to sign up for a credit monitoring service. But it’s simply not right to advertise something as being free when in reality it isn’t.
If you’re considering signing with one of those companies, do your homework and read the fine print so you know exactly how much the service costs and what you get out of it. If you’re looking for free credit reports, the type that doesn’t require a credit card, look for for free credit reports that don’t come tied with a trial period.
Rita
It’s pretty safe to say that by now almost everybody in America that even remotely pays an interest to their credit knows that they’re entitled to a credit report report every year from each of the three credit bureaus. That law was voted in 2005, to protect the consumers and give them the possibility of keeping track of their credit history without necessarily having to pay for it.
What the legislators probably didn’t anticipate, is that this law would create a whole new industry based on the false promise of a free credit report. It seems that instead of empowering the consumer, this law has instead created more confusion. There are so many companies out there advertising free credit reports, but as it turns out, you always have to hand out your credit card information!
I don’t know about you, but anytime I’m asked for my credit card information, I know there’s a payment coming down the line. And if there’s a payment, how can the thing be advertised as free? As it turns out, it’s a free trial for a credit monitoring service, where the free credit report is the lure that draws unsuspecting customers in.
Once you hand out your credit card information, those companies are banking on the fact that you will forget to cancel before the trial period expires. That’s when they will charge you for a service that you probably don’t need or worse, that you probably didn’t even know you had signed up for.
If you need a totally free, no strings attached credit report, you’ll have to go the Annual Credit Report’s website (it’s a government website) where you’ll be able to order your 3 free credit reports (one from each bureau) per year. You don’t have to order all 3 at once, so you can conveniently space them 4 months apart and this way have a very good view of how your credit history is evolving.
There’s one big drawback to the information provided by this website: you will get your credit reports, but they do not include your credit scores. In fact, credit scores are never free. Getting them always requires a purchase. The law that was passed back in 2005 doesn’t specify getting a credit score.
So the companies that you see advertising actually offer a free credit report and score, and many people, since they know about the law, wrongly assume that the companies are referring to the free annual credit report that they’re entitled to. And inevitably, a percentage of them will not cancel at the end of the trial period, and that’s how those companies make their money.
I’m not saying that credit scores are not worth paying for. The fact of the matter is that there are plenty of good reasons for purchasing your credit reports and/or scores, or to sign up for a credit monitoring service. But it’s simply not right to advertise something as being free when in reality it isn’t.
If you’re considering signing with one of those companies, do your homework and read the fine print so you know exactly how much the service costs and what you get out of it. If you’re looking for free credit reports, the type that doesn’t require a credit card, look for for free credit reports that don’t come tied with a trial period.
Rita
Where to Get Your Free Annual Credit Report
August 6th, 2010 
Posted in Insurance Company Tags: Annual Credit Report, Annual Report, Free Annual Credit Report Comments Off
