Credit Card Review Blog

Are You Eligible for a Free Credit Report

Are You Eligible for a Free Credit Report?

Checking your credit report is one of the smartest things you will ever do. The credit bureaus suggest that you check your credit report every three months. You should be checking your report at least once a year. You will be able to find credit mistakes much faster if you are checking your report often. You will also be preventing identity theft and credit card fraud. Credit reports can be expensive. The question is, when are you eligible for a free credit report?

Each credit bureau offers a different credit report. It is important that you check all three often to make sure that every credit report is accurate. Each bureau offers a different way that you can qualify for a free credit report.

Experian offers several ways that you can get a free credit report with them. The reasons are as follows:
-Your request for a credit line or housing is denied based on information from Experian. You must contact Experian within 60 days.
-Adverse action was taken against you. This action must have been taken due to information on your credit report.
-Certain states require that credit-reporting agencies give you a copy of your credit report for free each year.
-You are unemployed and are seeking employment or public welfare assistance. This request must be submitted in writing.
-You believe that your credit report has mistakes leading from credit fraud.
-The Fair Consumer Credit Reporting Act entitles each consumer to one free disclosure every 12 months.

TransUnion uses a similar system for qualifying for a free credit report. These reasons are:
-You have received an adverse action notice based on TransUnion information because of denial of credit, insurance, employment, a government benefit or license, any other account.
-You are seeking employment within 60 days and have been unemployed
-You receive public welfare assistance
-You believe that you credit report is inaccurate because of fraud.
-You state allows you a free report. You must be a resident of CA, CO, CT, GA, ME, MD, MA, MN, Mt, NJ, VT, or VI.
-The Fair Consumer Credit Reporting Act entitles each consumer to one free disclosure every 12 months.

Equifax requires similar information in order to receive a free copy of your credit report. Make sure you understand your privileges as a consumer. You do have a right to receive a free credit report once a year. You need to constantly check your credit report to make sure that you prevent identity theft and other confusion that mistakes can cause.