What is a free credit report?
The credit report is actually an information all about how and where you live, pay your bills, and where are you working at. This also shows a comprehensive analysis of how many times has a person been arrested, Sued and have been into case filed against him. There are a lot of agencies, which are readily available to sell your credit report online to any place all across the world. There are a lot of financial advisors which ask you to periodically review the credit report from time to time so that any inaccuracies or omissions that have been listed out can be easily resorted to and resolved easily as possible. Also, a periodic review of the credit report from time to time helps a lot in the credit-granting process, if the details furnished are absolutely accurate and a major purchase is going to be done, such as a big car, for instance or home. A clean credit is something that is very important for various purposes that is issued by the fair Credit Reporting Act; because the entire information that is furnished in the report helps them to evaluate comprehensively the request of a person for the various applications such as finance, credit, insurance and employment, etc.
Now, the problem is that what a free credit report is. There are a lot of people who decide to turn their backs against what a free thing is. There have been a lot of American families who have decided to do anything about as to reduce cost. So, the new free credit report. People always want to know anything that is mandated by the law, and is required for them at all costs, and some of them very important and required for very important purposes, like already mentioned; health, insurance, and employment.
The American customers are totally allowed to have a free credit report from their three main credit bureaus namely: EquiFax, Experian, and Transperian. Although, there is still a considerable amount of debates to the people should be allowed to obtain their credit report without the use of their credit cards.
The American Law has mandated the fact that all the customers have a due right to get their credit report free, for at least once in a year and they have all the right in this world to take a look at the financial records without getting charged at all. However, there are people still that exist that use their credit card identity in order to avoid the confusion whether he is the same guy or the girl whose financial record they are looking at. In order to avoid the confusion, there is a small piece of advice. The customers are asked to prove their identity, but not their credit cards. They can be asked to provide their name, address, date of birth and the most important of them all: social security number. Questions may be the things that may change, but they will be all about the employment and the residence history.