Many mailers, TV commercials, radio ads, and internet sites offer to give you your credit report for free which sounds great.   BUT when you respond you find out they want a credit card number to sign you up for a monthly fee for their service. This service is usually between $15 and $20 a month and is for credit monitoring.

You can get your credit report once a year for free at http://www.annualcreditreport.com website.  You should check your credit score at least annually for errors and information that needs to be updated or corrected.  If you notice mistakes you can start the correction process over the phone or on the website of any of the three credit companies, TransUnion, Experian, or Equifax.  Once they are notified they will respond within 30 days to let you know their findings.

One you receive your credit report you should have a better understanding of where you are on the credit scale.  If you are are checking your credit report before a large purchase you plan on financing you may want to learn how to raise your credit score fast . You may also have other questions too such as understanding your FICO score which is very important when it comes to credit and financing options.

This entry was posted on Wednesday, April 1st, 2009 at 9:29 pm and is filed under Credit Repair. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.