Credit reports: Get something for nothing

If you could get something important that plays a major role in your life for free, why wouldn’t you? So, what’s stopping you from getting a free copy of your credit report? Here’s how to get started.

Why your credit history matters
Each year, you’re allowed to obtain a free copy of your credit report from each of the three major credit-reporting agencies — Experian, Equifax and TransUnion. Checking each report at different times of the year allows you to better watch out for fraud and ensure your information is accurate.

Your credit report is important because it’s used to evaluate your applications for credit, employment, insurance and housing rentals. In addition, your credit history and score could impact the rates you pay on loans, not just your chances of being approved.

Get your report
This complimentary access your credit reports don’t include your credit score. You’ll have to pay for that. Each person is allowed one complimentary report each year. Subsequent reports may cost unless you had an adverse credit action and request a copy of their report.

Access copies of your credit reports online at:
transunion.com
experian.com
equifax.com
annualcreditreport.com

Article courtesy of Local Government Federal Credit Union.

The advice provided is for informational purposes only.