• The Fair Credit Reporting Act guarantees that borrowers can acquire a free copy of their credit report from each of the three consumer reporting agencies once every 12 months. Borrowers can also request a free credit report if they are turned down or offered reduced services for credit, employment, housing, or public benefits based on a credit report.

• Fast Facts

  1. Three consumer reporting agencies: Equifax, Experian and TransUnion
  2. You can get your credit report for free once every 12 months from AnnualCreditReport.com, however, it does not include your credit score. https://www.annualcreditreport.com/cra/i...

• How to Raise Your Credit Score

  1. Pay down your credit card debt so that the balances are below 30% of the limit.
  2. Dispute any old negative reportings - you have a 50/50 chance that the collection agency won't investigate it, which means it must be removed from your credit report.
  3. Correct any significant errors being reported on your credit report.
  4. Always pay your bills on time.
  5. Don't open a lot of new accounts too rapidly.
  6. If you have any current accounts in collection, as the collection agency to remove it from your credit report if you pay the balance (get this in writing).

• Free Credit Report Scams

  Many organizations advertise free credit reports. However, these sites are not required under the Fair Credit Reporting Act to give you a free credit report. Typically, what these sites will do is put you into a "credit monitoring service" and you will be charged for this monthly service 30 days after you request your credit report - unless you cancel the membership before the 30 days has elapsed. Most people either forget to cancel this membership, or they don't realize they've been placed into a membership. The fee is generally pretty high at around $80-$90 per month. So remember to always read the fine print when ordering your credit report from these sites.

• Related Mahalo Pages

  Credit Report Coupons | How to Get a Free Credit Report | How to Correct Mistakes on Your Credit Report | How to Use LifeLock | How to Improve Your Bad Credit Score | How to Get a Loan With Bad Credit | Anyone know what credit card fraud protection costs? | Credit Report | Free Stuff | Equifax Coupons

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