Free Annual Credit Report: Check Your Credit Scores For Free

Credit report is an important document that reflects your credit worthiness. You might not know about it before encountering any discomfiture of application loan rejection. But those who are well aware might not ruin it intentionally. So if you were not aware till the time about credit report then its time to get free annual credit report and review it.

A credit report plays an important role. Lenders generally check your credit report before issuing you loan and approve your application only if you are found credit worthy. For you also it’s important to know your credit worthiness so that if it is unfavorable then you could improve it easily. Improvement in your report will lead to more credit worthiness and you will be able to qualify for loans.

There are three main agencies offering free annual credit report namely, TransUnion, Equifax and Eperian. All these are reliable agencies that prepare credit reports. According to federal law these bureaus are required to give you one copy of your credit report very year on your impulse. These credit reports are provided totally free of cost.

If your loan application is rejected by any lender then you are also entitled by law to obtain a free copy of your credit report. Lender that you applied with is obligated to give your name of agency from which he acquired your credit information. Also he will have to furnish you with a valid reason for loan rejection. To protect your credit report from being used in fraudulent acts, you can ask for a social security number. The number is different for all credit reports and is placed on your credit card copy.

This credit report can also be entailed online. There are various agencies offering but always check beforehand the reliability of the agency that you are applying with. You can access your credit scores very easily and in a hassle free way.