Free instant credit report becomes an evitable thing in managing our finances and credit. In this digital era rate of identity theft reports are increasing steadily. So reviewing your credit report in frequent manner can help you to save your hundreds & thousands of dollars. You can also prevent your credit from getting spoiled by the identity thieves.
Best free credit report are available at many sites. You can use the report to find out any errors or inaccurate information printed on your credit report. In the internet when you sign up for the credit report some websites charge you a significant fee and you will be need to wait for 2 to 3 business days. Good news is now you can get instant credit report.
In the past credit score agencies collect the financial information of people on their employment, debt, and legal obligations etc to calculate the credit score. It will issue the credit report only for the banks and financial institutions upon the paid request. So getting the instant credit report was like a headache even for the person who was the card holder. Luckily credit card act imposed on credit reporting agencies made it easier to get the reports at free of cost and with reasonable prices.
And again it is an important one to check for the errors and inaccuracies.
When you find inaccurate information being printed on your instant free instant credit report you can immediately report the credit bureaus to remove those items. When you suspect that you have become a prey to identity theft, you can seek a help from reputed law enforcement agencies. They will deal with the identity theft more aggressively.
Ensure whether all listed addresses are mentioned correctly and belongs to you. Sometimes credit reporting agencies mix up your information with someone else. Check out for these kinds of inaccuracies.
Even the best free credit report spells your name incorrectly. It usually happens. If the printed financial information is not belonging to you in this case you don’t need to bother much.
Soft and hard inquiries
In your free instant credit report you can find two kinds of inquiries. Hard and soft. Soft inquiries are the one which are made by the financial institutions to check out your credit worthiness. Hard inquiries are the one which are made by your recent applications submitted towards the credit cards and mortgage loans. Trying to apply for the loan or credit card will result in the hard inquiries. It has the potential to decrease your credit score.
If you don’t recognize any hard inquiries made on your credit you should report that immediately because it may be an indication of the identity theft attempts or potential fraud activities.
You should be very careful with the unscrupulous debt collection agencies that will pull out instant credit report in order to force the payment. This action is of course an illegal one.
Necessity of obtaining best free credit report
If you do not rectify the inaccurate information in a timely manner you may end up with the damaged credit. It is very difficult to repair. If the time goes errors are un-notified then removal of these items will become a troublesome process. So everyone should access the free instant credit report from one of the best free credit report providing website to ensure they are still on the safe zone.
With the help of best free credit report you can save yourself from causing damages your credit reputation.