Review All 3 Credit Bureau Reports With Your Free Annual Government Credit Report
Every US citizen has access to their free annual government credit report review. In this report, you will have a chance to review the same credit profile that lenders have access to. This includes satisfactory debts paid; current financial obligations opened and even a review of the places that have requested information from your profile.
When you pull this information, you have the chance to ensure that the content is complete and accurate, while verifying no one is illegally using your credit profile for fraudulent reasons. But what do you do, when there is a concern that appears on this report?
Transunion, Equifax and Experian all will allow you to report incorrect pieces of information on your credit profile. This can help to boost your credit score and help you to avoid higher interest rates and denial of credit because there is incorrect information listed.
You should note that when you pull your free annual government credit report, it won’t harm your score like a hard pull from a lender. Instead, this free report is known as a soft pull that has no bearing on your score and you will be the only one that is notified of this query into your credit history.
If there is an item that needs to be corrected, the credit bureau will contact the agency reporting bad information. It will be up to the agency to provide updated information and correct the error or the incorrectly listed item may be removed by the credit bureau. You should note that many agencies do require you to have documentation on hand to prove your claim that the reported information is incorrect.
The powerful free annual government credit report can be a tool that will help you to better understand your financial situation and ensure you aren’t suffering from inaccurate information.
You may not realize this, but your credit can be used for the following things:
- Loan approval
- Legal matters
- Professional licenses
- Child Support matters
Of course, the information can also be used in a number of other ways also. Do what you can and take the time to pull your free annual government credit report and start to protect yourself today.