compare credit report – transunion experian equifax

March 20, 2011

Free Credit Check Online

Filed under: Finance — Tags: , , , , , , , , , , , , , , — admin @ 4:38 pm
Hyder Khan asked:




Did you know that by law, every person in the United States is entitled to request one free credit report every twelve months, from each of the three credit bureaus?

All you have to do is contact each one and either send them a request by mail or fill out the required form on their website, and upon verification of your identity and verifying that you have no checked your credit report in the last 12 months, they will mail (or e-mail) you your credit report.

All financial planners unanimously agree that you should check your credit report regularly, so that you can proactively be aware of what is on it and take the positive steps necessary to improve your credit score.

The three major credit bureaus are: Experian, Equifax, and Trans Union.

Above and beyond that, there are many credit monitoring services out there that offer a variety of different services:

Multiple credit checks throughout the year Alerts to inform you when your credit score has gone up or done Alerts to inform you when something negative has come on your credit report Analysis of your credit report along with advice on how to improve it

It can be to your advantage to subscribe to such a service. For example, if you are planning to buy a house in the upcoming months or years, and your credit score needs improvement or you are simply trying to maintain it, then this type of service can help you to stay on top of your situation.

Philip

December 26, 2010

Can You Get Free Experian, Equifax, TransUnion Credit Scores Without a Credit Monitoring Free Trial?

Filed under: Finance — Tags: , , , , , , , , , , , , , , — admin @ 6:50 am
Adam Tijerina asked:




You know it is important to check your credit reports and scores often to make sure you are not a victim of identity theft and make sure there are no errors in your files, but do you really have to pay up to $45 each time you want to check your credit scores? Is the only way you can get your free Experian, Equifax, and TransUnion credit scores with a free trial of credit monitoring?

Before we answer the question, let’s take a quick review of why it is important to keep an eye on your credit scores. You want to know before hand where you stand before you apply for a loan, mortgage, credit card or even home and auto insurance. If you find errors you have time to correct them before your files get pulled by a potential lender in your application gets denied or you get charged high interest rates. Ideally you should check your credit scores and reports 6 to 12 months before you plan a major purchase or you need to borrow money and get lender approval.

The answer to the question is no you cannot get your free scores without a free trial of credit monitoring. It is the trade-off you have to make if you want to avoid paying up to $45 for your credit scores. And one of the big benefits of credit monitoring is that you do not have to worry all the time about your privacy or your personal information being sold or stolen because the service keeps an eye on your file for you and even offers identity theft insurance in some cases. Another benefit is you get a free trial period of the credit monitoring before you have to pay any money so you can cancel before the free trial period is over and it will cost to you absolutely nothing. Plus you get to keep your free Experian, Equifax, TransUnion credit scores.

Raul

July 23, 2010

How Long Do Late Payments Stay on My Credit Report?

Filed under: Finance — Tags: , , , , , , , , , , , , , , — admin @ 9:18 pm
Tony Banks asked:




Late payments do affect your credit rating but what most consumers don’t know is that it also depends on how late your payment is made to the creditor. To start with, late payments that are made to creditors but are no later than 30 days late are not reported to the credit bureaus. So for instance, you have a credit card payment that is due on the 1st of January and you are not able to make the payment until the 27th of January.

This is considered late with the credit card company but will not show up on your credit report as a late payment. It will not show on your credit report until you are more than 30days late and it will show as a “1-time 30day late payment”.

These types of late payments usually affect your score and can have a lasting effect for about 12 months. The same goes with other types of accounts such as car payments, mortgage payments, personal loans as well as secured loans.

Even if the payment is a couple of days late, the best thing is to try and make sure it does not go beyond the 30-day point. It is also important to note that these late payments can cause your interest rate to rise on your credit cards.

This may be the case even if you are only 1 day late as opposed to 20 days late. This will vary depending on the credit card company you are dealing with. You want to check with the your creditor to find out their exact policy.

Joan

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