My recommended Credit Reporting Services for 2012

 

Check your Credit Score – Fast, Free & Easy with Enrollment with one of the credit reporting services below. A good credit score means lower interest rates – and monthly payments. Does your credit score make the grade? Find out instantly.

RankRatingProviderReports & Scores AvailableFeaturesTrial periodOrder report & scores
110/10
CreditReport.com
Equifax
TransUnion
Experian
3-Bureau Credit Monitoring alerts you to changes on all 3 of your credit reports!9 days
29/10
Credit Sesame
Equifax
TransUnion
Experian
Monitor your free credit score, every month7 days
38/10
freecreditscore.com
Equifax
TransUnion
Experian
Try it FREE! Membership helps you understand your credit and plan for financial decisions7 days
48/10
TrueCredit
Equifax
TransUnion
Experian
TransUnion Credit Monitoring provides you with the information you need to understand and manage your credit7 days
57/10
Equifax
Equifax
TransUnion
Experian
Your FREE credit score - and more - is only moments awayTransUnion Secure Server30 days

Online Credit Report

When you check your online credit report, it is the most dependable system of defence that you can have against identity theft. In your transactions, you may have used your credit cards. The history of your credit transactions is documented. The creditors will check your credit report before they sanction your credit request.

Preventing Identity Theft by monitoring Online Credit Report

You can always prevent identity theft from damaging your credit score. Your personal information is kept in many places across the internet as technology is on the rise. Criminals are getting smarter and cyber crime is also growing fast. It can cost you money and time when you become the victim of identity theft. You may have to go through the trouble of cancelling credit cards and closing some of your bank accounts to begin fresh again.

Constant monitoring of your online credit report will allow you to see if all the transactions listed there are correct. You can inform the concerned companies if you come across a suspicious transaction. You can even call your bank and inform the lending agency. Your identity can be stolen. Checking online credit report gives you a clear picture of your financial identity. An access to your online credit report can help make you control your high expenses.

Online credit check is easy as an online credit report is always accessible. There are many websites that provide free access.

Free Online Credit Report

One of the free online credit report accessing place is www.free-online-credit-reports.com. It is one of the most sought after free credit score providers on the web because you get to access your three major credit scores from the credit bureaus. You can get them for free here. You will also get alerted if there is some unusual credit activity when you monitor here. It is given to you as part of the benefit of enrolment. Here, the three credit reports will be combined as a three-in-one report so you can check what is on all the three files. You can learn about everything related with your credit score and rectify the mistakes on the credit file at an early stage. The free trial period will allow you to get the benefits of utilizing a credit monitoring service that monitors all the three credit files.

You will not know which credit bureau your creditors will be using to assess your credit status. The annual credit report from www.AnnualCreditReport.com is free for the public from the government but you do not get your credit score for free. You have to purchase your credit score individually from the three major credit bureaus for a small charge.

Online Credit Report errors can be disputed

You can always dispute the errors on your credit report. If you feel that any of your credit accounts, collections, judgments or personal identification information in any of your major credit reports is inaccurate, you can start a dispute online. You do not require a Report Confirmation Number to file that dispute.

The Equifax Toolbar is another useful feature for online credit report check which provides a protection ranking for the websites that you access. It will let you know if a specific website of an establishment that you access belongs to an acknowledged fraud list among fraudulent websites. As the maintenance of an accurate credit report is crucial to your financial good health, it is better to access your online credit report to manage your credit status.

Credit Monitoring

You need credit monitoring for checking your credit status and for protecting your profile with an identity theft protection plan. There are many monitoring services available online for you to access support tools with daily credit monitoring to help safeguard your identity. You will be alerted by mail when changes take place in your credit report. You will have the resource to recover lost ground if your identity has been stolen.

You have to be proactive and do credit monitoring regularly. All creditors can have access to your credit report and score before they approve your application. By credit monitoring, you will be able to better negotiate with creditors. You will get early warning signs in cases of fraud.

What is a Credit Monitoring Module?

A credit monitoring module will collect updated data in the management of your accounts and supports it with alerts and scores. It enhances the client advisory capacity of credit monitoring service agencies. The alerts will indicate that a particular item has been added or changed on your credit report. This kind of proactive monitoring of your credit report can safeguard your identity in a much better way.

Credit monitoring is an important function of your credit protection plan. Credit monitoring with all three major credit bureaus will keep you secure and in control of your credit status. You have to look for changes in all the six sections of your credit report to detect if anything has changed. Credit monitoring services can check your credit on a daily basis. You have to look for signs of identity theft. Some people may try to use your information fraudulently. So, if you find any new account or address on your report that does not look familiar, you can immediately bring it to the notice of the credit bureaus.

Importance of Credit Monitoring

Credit monitoring is the only credit protection method that is available online to make sure that your identity is protected against fraud and it keeps you updated with all changes that have been made to your files on your credit report. It is important to have an identity protection through a credit monitoring service with the identity theft cases rising substantially. It is a helpful tool that you can take advantage of. You can even repair your credit status with it. You can see the progress of the process of repairing your credit. Many credit monitoring service agencies offer a one month free trial and generally charge a monthly fee after that.

How can you go about with your Credit Monitoring Strategy?

The danger of identity theft is looming large today. It is not strange anymore to hear reports about stolen identities. You can start by stringent credit monitoring. It is always advisable to check all the reports from the three main bureaus. Information may show on one report but it may not reflect on another. You can do credit monitoring on a quarterly basis because you can spot the discrepancies while they are still manageable to rectify.

Credit monitoring services always keep you alerted of all changes in your credit report. When you discover that a new credit card has been opened in your name and social security number, the credit monitoring agency will send you a message to inform you about the changes.

Creditscore

Your creditscore is more than a number. You can get your TransUnion, Equifax and Experian scores online now through www.creditscore.com. It costs you only $12.95 as a membership fee which will be charged to your card account to maintain your membership. By doing that, you will be able to receive alerts by mail through their score tracker if there is a considerable shift in your creditscore on your credit report. You have the option to cancel the membership any time you like.

It is important that you check your creditscore if you want to apply for a credit card or loans. You will increase your chances of getting your loans approved if you keep a tab on your creditscore regularly. It would also help you in applying for a new line of credit easily. It will reduce the hassles that you may come across when you apply for loans.

What is a Creditscore?

A creditscore is a numeric reflection of your credit worthiness which is derived statistically and accessed by creditors to assess that you will be able to repay your loans to them. This creditscore is compiled by following your credit history. It is a number ranging between 300 and 850. The higher the number of your creditscore, the more credit worthy you will be considered.

Your credit history of all the purchases that you have made and the payments that you have done on time will be shown on your credit report. This credit report contains your creditscore. When you check your creditscore, it is possible for the credit report to reflect errors. You can get these errors rectified and maintain a good credit score when you review your report regularly and check creditscore.

The Creditscore Matters

It helps to monitor your credit status. When you subscribe to a membership to online sites like www.creditscore.com, you will get credit monitoring alerts that may be useful in maintaining a good score. You have to try and pay your bills on time. You have to keep your credit card balances low and keep an eye on the age of your accounts. You can avoid a poor creditscore by not making late payments or missing them totally. You have to make sure that you do not make many new credit line requests.

Your Creditscore is important if you need Credit or Insurance

Your creditscore is important as it will help you to establish what and when you will pay in terms of settlement of your debts. Creditors have been using the creditscore systems for many years to assess if you are a good risk before they issue credit cards, mortgages, insurance or auto loans to you. The phone companies and the insurance companies are also using this creditscore to decide whether to approve a service or a policy to you and on what type of terms. A higher creditscore will make you less of a risk in their eyes and it will mean that you are more likely to pay less interest on your loans.

A financial check up will help you in figuring out how you can improve your credit situation and you can decide on what areas to improve on when you check your creditscore. It is always advisable to check creditscore when you are ready for an important credit based purchase like a home or a car.

Consumer Credit Report

When managing their money, consumers have to realize that they are eligible for a free consumer credit report. This credit report will include information on where the consumer lives and how he or she pays the bills and if a consumer has been taken legal action against for bankruptcy. The consumer credit report companies sell the information nationwide to employers, creditors and other businesses that need it to assess a consumer’s application for employment, credit, insurance or house rent.

A consumer credit report will contain information on where you live and work and will indicate your bill paying habits to your creditors. You have to realize that your personal credit worthiness is recorded on a consumer credit report. The FICO Score, developed by Fair Isaac & Company, evaluates the paying capabilities of people.

Free Consumer Credit Report

Congress has taken out an Act which states that a consumer can get a free copy of the credit report from each of the three major credit bureaus which are Equifax, TransUnion and Experian once a year. This right to get a free consumer credit report is an important tool for consumer protection. It not only gives the consumer a valuable overview when checking the credit report but it also allows to discover and rectify errors in connection with possible identity theft.

As per Federal Trade Commission, the three major consumer credit bureaus have set up one website centrally for people to access their consumer credit report and that site is www.AnnualCreditReport.com.

Why is the Consumer Credit Report so important?

When credit is available, it inspires consumer spending for big items that cannot be bought with cash easily like cars, appliances, other durable goods and houses. Even financing for other kinds of consumer spending like vacations and tuition is also dependent on credit.

The consumer credit report carries the overall outstanding credit both by the types of lenders and by the rates of interest. This report is an important source of current information on the conditions of consumer credit. This report does not include the home equity loans.

What are the benefits of obtaining the Consumer Credit Report?

As a consumer, it is essential for you to understand a complete picture of the consumer credit report and your credit history. The credit bureaus collect information on you and your credit history from the creditors and public records. This information is then made available to your prospective and current lenders. This information helps them to get a decent picture of your credit worthiness overall and your ability to pay up your accounts when they give you credit.

When you get your consumer credit report, you can find out about your credit history and how it is being reported to your creditors. You get the opportunity to comment on your files should there be disputes on the report. You can make sure that the lenders are getting a balanced report on your credit history and then expect fair and accurate assessments from your prospective creditors. You have the right to know what the consumer credit report says.

Credit Report Score

Your credit report score is generated by a mathematical algorithm which is based on the information on your credit report. This information is gathered on many people. The compiled credit score is a gauge of how well you will be able to pay your bills. You will be approved for credit within minutes if the credit score is good.

Creditors may use several credit score models to assess if you are creditworthy. These models will have varying scores. Creditors use some scoring models more than the others. The FICO (Fair Isaac Corporation) score is quite common.

Understanding the Credit Report Score

The credit score scale ranges from 300 to 850. Many people will have credit report scores ranging between 600 and 800. A score of 720 or higher will get you good interest rates on a mortgage. Each of the three major credit bureaus uses its own version of the FICO scoring method. The major credit bureaus are Equifax, Experian and TransUnion. Equifax has the Beacon Score. Experian has the Experian Score or Fair Isaac Risk Model. TransUnion has the Empirica Score.

Understanding your credit report score is a crucial initial step in running your finances successfully. Large credit institutions such as mortgage companies and banks take a big risk when they give you loans for buying your home, financing your car or paying for your higher education. These creditors like to minimize their risk by assessing your credit history before giving you the loans. If you had a bad credit history, then the creditor may hesitate when giving you a loan or may end up charging you a very high rate of interest.

You will have a credit history when you own a credit card or have applied for a loan earlier. Your credit history is put together by credit bureaus. They collect your credit history from credit card companies, banks, mortgage companies and other creditors. They create a credit report. The information here is then used to compile a three digit credit score. Each time you apply for new credit, the credit card company or the bank calls on one or more of these credit bureaus to check on your credit report score. Based on this credit report score and your credit history, the creditors will be able to decide on giving you a loan.

Credit Reporting Agencies and Credit Report Score

The three versions of the credit report score can come up with varying results as they use different algorithms. The variations can also be due to the difference in the information contained in these reports. Whatever scoring model is used by the lenders, it is better for you to have a good credit report score. This score will have an impact on whether you will get credit or not and the kind of interest rate you may get. A higher credit score will get you a low rate of interest.

Credit bureaus or credit reporting agencies are big institutions. A negative entry on your credit report score can damage your power of borrowing for a long time. The credit report score is also requested by your landlord, insurance companies and employers. It is therefore important to ensure that the information on your credit report score is accurate. It has been noted that twenty five per cent of a credit report score may have errors such as wrongfully mentioned delinquent debts or closed accounts shown as open. It may also reflect debts belonging to other people bearing similar names.

Information collected on a Credit Report Score

Computer databases can mess up your credit report score. It is a known fact that one out of four credit reports are incorrect. Many people do not take any action on errors. The important thing to know is that a credit report score is a simple three digit number based on information that may or may not be correct. It can damage you financially.

For many years, credit bureaus kept the information on a credit report score hidden from a consumer. People were not able to get an idea as to why credit was denied to them or whether their credit report score had errors. The Fair Credit Reporting Act of 1971 changed that and it legislated that the citizens can have free access to the credit report score from each of the three national credit reporting agencies of Experian, Equifax and TransUnion. Today, the citizens also have the right to know why they are being denied credit. It is important to track a credit report score that may have errors on it as these errors can affect your loan taking ability dramatically or they may bring about high rates of interest. This is the reason why your credit report score can make the difference between living well and struggling to settle your debts.

One Time Credit Score

Where can you buy a onetime credit score without getting into an expensive commitment? If you want to check your credit scores for a charge that is going to be on a onetime basis, you can go to www.AnnualCreditReport.com. Here, you can get one free credit report for each of the three major credit bureaus. You will be offered here an option to add your credit score to your credit report for a small charge that may vary from five to ten dollars as they are not under obligation to add the credit score on your free credit report.

MyFico.com also has an option to sell your scores onetime and you may not have to sign up for anything extra. You will get a guaranteed FICO score here and that will matter much.

Can you buy a Onetime Credit Score?

Yes. It is possible to buy your onetime credit score but you have to remember that your credit report files are always changing. It also means that your credit score is continuously changing too. It is, however, advisable that you must check your credit report and credit scores at least once a quarter if you are looking out for further loans. It is also advisable to get your credit reports at about the same time as your credit scores as the information on your credit report is used to measure your credit scores to begin with.

The FICO score is most commonly used by the creditors and is probably the best score to buy if you want to know how the creditors would gauge your credit files. You can get all three of your FICO scores directly from MyFico.com with FICO Credit Complete. The cost is close to forty eight dollars. This includes all the three FICO scores and all credit reports with a summary detail of each credit score and the FICO simulator that will estimate what your FICO score is likely to be if you took different steps to pay off your debt. If you opt for buying only one credit score, it will cost you sixteen dollars. You can pick the credit bureau you want the score from and get all the other features of FICO Credit Complete for that particular bureau.

Get Smarter with Onetime Credit Score

The creditors will look at your credit report from any or all of the three major credit bureaus. You can also get your onetime credit score too. You can get a complete overview of your credit history from all the three major credit reporting bureaus which can be accessed in a single and easy to follow credit report that can assist you when you are negotiating with the creditors.

At the Equifax site, you can get online access to your three-in-one credit report. You will get line-by-line parallel summary of your credit history with Equifax, TransUnion and Experian reports. You will also get your FICO credit score comparison with the averages on a national basis with a graph of how you are assessed by your creditors.

Which Onetime Credit Score you should go for?

FICO score is the credit score you want. It is the true credit score as all the remaining credit scores are estimates. You can buy the FICO score for a onetime charge of sixteen dollars at www.MyFico.com.

You can also get all the three credit scores from `Identity Guard’ for a month’s fee of about fifteen dollars and then cancel the terms of agreement for the annual subscription thereafter. They will be hoping that you may forget to cancel but you do get that choice from them to grab a onetime credit score.

Personal Credit Report

For any information pertaining to your personal credit report, the federal Fair Credit Reporting Act promotes the accuracy and fairness in the files of the credit reporting agencies. You can contact any of the major credit bureaus and you have to be told if any information in your file has been used against you. Anyone who uses your personal credit report to reject your credit application must inform you with complete name, address and phone number of the agency that gave them the information.

You have a Right to your Personal Credit Report

You have the right to know what is in your personal credit report. You have a right to your file disclosure. You may request the information about you in the files of a credit bureau. You may be required to give complete information that may include your social security number. You will be given a full right to a free file disclosure if any person has taken action against you on account of the information in your personal credit report. It is also allowed if you are the victim of identity theft and if you have already initiated a fraud alert in your file. Free disclosure is allowed if your file has inaccurate information on account of a fraud. All consumers can get one free disclosure a year on request from each major credit bureau nationwide.

Credit Score on your Personal Credit Report

Credit score is a numerical summary of your credit-worthiness and that is based on information from the credit bureaus. You may request a credit score from the credit reporting agencies that compile scores or distribute the scores which are used in residential mortgage loans but you may have to pay for it. In some mortgage cases, you may receive free credit score from the mortgage lender.

The access to the credit score is limited. A credit bureau will offer information about your personal credit report only to people who have a valid reason for accessing. This is usually to go through a credit application with a creditor, employer or an insurer.

Correction of Inaccurate Information on your Personal Credit Report

Inaccurate or incomplete information has to be corrected within a period of one month. A credit bureau may report the information that it has verified to be accurate. This is mandated by the FCRA. In most of the cases, a credit bureau may not report or reflect negative information that is over seven years in age or the bankruptcies that are over ten years old.

A credit bureau cannot give out information about you to your employer without a written consent from you. If a credit bureau violates the Fair Credit Reporting Act stipulations, you may be able to seek damages from the violators by suing them in federal or state court. In some of the cases, you may have more rights under the state law.

A business bankruptcy will have an impact on your personal credit report if you are personally responsible for the debt in business. Your personal credit report will summarize the types of credit you are using including financing plans, credit cards and loans. It will also show if you have made your payments on time. You can build a good personal credit report history by making consistent payments on your credit cards and other loans on time.

How to get free credit score?

The Fair Credit Reporting Act states that you can know about how to get free credit score from all the credit reporting agencies once in a year. As per Section 15 USC 1681j (a), you can call, eMail or go online to get your free credit score. It is fairly easy to get your credit score. The credit score is obtained from your credit report.

www.AnnualCreditReport.com is the official website that has been established by the big three credit bureaus. The site is easy to use. You can request your credit reports online from TransUnion, Experian and Equifax. The credit score that is reflected on your credit report may have errors often.

The Value of knowing how to get free Credit Score

A credit score is akin to an adult report card. Credit scores will let the banks, mortgage companies, landlords and utility companies to assess your payment history with your lines of credit. By getting your credit score for free, you can see how your credit issuers assess your payment behavior. Since the time the Fair Credit Reporting Act has been passed as law, the credit reporting bureaus have been mandated to offer the means to get a free credit report to all consumers. Being able to get your credit score for free once a year from each bureau helps you to keep a check on your credit status.

The interest rate on loans will tend to be lower if your credit score is high. It is better to check your credit score before you make any major credit purchase like a house or a car. The information included on a credit report is important. The credit bureaus have collaborated to observe the Fair Credit Reporting Act and have set up means to get a credit report easily.

It is important for you to check all three of your credit scores. Creditors are able to check credit scores from any credit bureau they feel like when they assess a loan application and you will not know which credit scores they are likely to use when they make a decision on your loan request.

How to get free Credit Score at AnnualCreditReport.com?

This website was established to give all the consumers an access to a free credit report from each of the three major credit reporting agencies every year. This has happened through the Fair and Accurate Credit Transactions Act that was passed by the United States Congress in 2003. This Act applies only to free credit reports and not free credit scores. It is better to keep the information on the credit history report updated. You have to protect your credit report from hackers who are looking out to steal your identity.

How to get free credit score from other sites?

You will only be able to access credit reports for free and may have to pay for the credit scores from the official website. You have several options. You can either purchase a credit score from each credit bureau or you can opt for an offer from sites such as `Freescore’, `CreditSesame’ or `CreditKarma’.

‘Freescore’ offers to access all your credit scores for free as a trial membership package. CreditSesame.com will offer a free credit score and a summary of the data on your Experian credit report. The score you get is the Experian National Equivalency Score. It may be very close to the range of the FICO score which is quite familiar to many consumers. This company makes money by advertising the loan products like first mortgages and auto loans. It makes money when a customer closes a loan with one of the company’s lending partners. CreditKarma.com provides the TransUnion credit score as a lead generation website by guiding the traffic to several lending partners where you can apply for mortgages and credit cards.

You can save much money in a year, therefore, by knowing how to get free credit score.