Here’s the Video Transcript:
Getting a Free Credit Report Online Is a Great Way to Secure Your Credit
If you are in search of information about a person you are interested in, then a good place to start is by accessing a free credit report online. You should definitely take the time to check out these records because they will help you determine how creditworthy that person really is.
The credit reports are all stored in federal government databases and contain much personal information regarding people. Some of the information is even used by creditors and insurance companies. There are two types of reports, one is annual and the other is bi-annual.
The annual report will contain the information for the previous year, including employment history, credit information, debt owed, background investigations, property records, etc. An annual report will only be available if the person has opted to keep it. They will usually be sent in the spring.
The other type of report is the bi-annual report. It is issued quarterly and contains information from the preceding quarter. The information is usually kept confidential but it is open to the public and if someone asks to view it, they can. This report is usually obtained at the request of the person who filed for bankruptcy.
The best way to get this information is to file a dispute with the person or company whom you are concerned about or to the credit bureau or credit repair agency. If you are going to do this, make sure that you provide accurate and complete information. It would not be helpful if you get all of the credit information wrong, after all your information is confidential.
Remember that just like a social security number, your information cannot be published unless you authorize the release of the information. There is also the issue of whether or not you will be able to obtain the information if you already have it in your possession.
When applying for credit, the only thing that will be considered is the amount of money being requested. Once the lender has verified that the account is legitimate, they will release the information.
It’s possible that a lender may change the terms and conditions that apply to their credit, and when this happens they will enter a new record into the database. Because of this, when getting the credit it is always important to keep a record of the individual.
As you continue researching online, you will find that there are many different credit repair agencies that offer free credit reports. Once you register, they will charge you for their services. The fees can range from $5 to $40 for a single copy.
The benefit of obtaining a credit report online is that you will not need to go to each credit agency to get a copy. It will make it easier for you to keep track of your credit history, and this will help you choose a better deal on a new credit card or loan.
This is a great way to secure your credit and to ensure that you don’t lose any of it to identity theft. Do yourself a favor and get a copy. You will thank yourself for it in the future.