If you are concerned about identify theft or regular credit monitoring,
you likely understand the importance of obtaining a copy of your free
personal credit report. Neglecting to monitor your credit may prove
damaging in the long run. It does not take long for a person to access your
information and begin opening accounts in your name. For this matter,
consumers are advised to obtain a 3 in 1 credit report every six months.
Benefits of a Credit Report
Aside from protecting yourself against identify theft, credit
monitoring is essential for improving your credit rating. Although lenders use
credit reports to judge a loan applicant’s creditworthiness, credit
reports are also beneficial because they keep us informed of our credit
standing. Thus, we can know our odds of obtaining a home loan, auto loan,
How to Get a Copy of Your Credit Report
Getting a copy of your 3 in 1 credit report is simple. Furthermore,
because reports are viewable online, there is no valid reason not to check
your report at least once annually. Every city across the country has a
local credit agency which will issue copies of your credit report from
all three bureaus. However, if you prefer the convenience of the
internet, there are various websites offering 3 in 1 reports for a small fee.
To obtain a copy of your personal reports, you must provide information
such as name, address, social security number, etc. Once your
information is verified, credit reports are either sent via email, or viewable
from the website. Your entire credit history will show before your eyes.
Why Obtain Copies of a 3 in 1 Credit Report?
If you are hoping to improve your credit rating, obtaining a 3 in 1
credit report should be the first step you take. This way, you know
exactly what needs improving. The report will list all creditors, current
balances, and account standing. Moreover, you should review your report
for errors. If inaccuracies are present, contact the bureau and discuss
clarifying the matter.
In addition, credit reports include a credit score. This 3 digit number
carries a lot of weight. Low scores indicate bad credit, whereas high
scores equal good credit. If the goal is to improve credit score, it may
be wise to improve in certain areas. For example, avoid late or skipped
payments, reduce debt to income ratio, settle collection accounts, and
limit your number of credit inquiries.