Be Careful where you get your credit report – and what it contains
You can get your credit score from any number of resources. One place you can get it from is from credit bureaus themselves. You can pay for the service, but you qualify for one free credit report a year or qualify for a free credit report if you have recently been turned down for credit or if you think you may have been the victim of identity theft.
If you can, get a copy of your free credit report from each of the three major credit bureaus. If you can’t get a free credit report, you should still try to get one, even if costs a few dollars. The savings you will enjoy on your loan rates when you improve your credit score will more than pay for the cost of the reports.
There are a number of online companies that offer free online credit reports. These offers are very attractive because you get an online report without having to wait for a report to be sent to you, and you often can get several reports from the different credit bureaus at once, which can save you time.
However, these online companies vary widely, so you will want to compare a few different firms before choosing one. You will also need to read the online company’s agreement very carefully – some promise free credit reports only with the purchase of a credit repair program or some other kit. In some cases, you can decline the offer and still get the report but in other cases you cannot.
Also, some companies will offer you free credit reports that are really a combination of reports from the three major credit bureaus. This is not useful, since you will want to compare each of the three credit bureau reports and fix each credit score separately. You will want to look out for online companies that offer credit reports that are very condensed and you will want to avoid companies that will spam you (send you unsolicited emails) trying to get you to subscribe to some service. Always read carefully to see whether the free credit report offer is legitimate.
That said, there are a number of online companies that offer credit reports and credit scores at no charge and these can be a useful way for you to start your credit repair, especially if you are comfortable around computers.
If you don’t qualify for a free credit report from the credit bureaus, a legitimate online company may be your best bet of getting your credit information so that you can start repairing your credit risk rating.
