Consumers in the US are entitled to one free annual credit report from each of the three credit agencies, as part of the FACT Act.
Recent statistics have indicated that one in fifteen American's have been a victim of identity theft, so it is vitally important that consumers get their reports on a regular basis to check their information.
But which would be the best credit report to get? The best credit report to get would be the 3-in-1 report which is available from a credit report monitoring company for a reasonable fee.
This report provides your credit history as it's reported by all 3 bureau's - Equifax, Experian and TransUnion.
It will give you a detailed look at the information as it stands in all 3 bureaus.
What information does this 3-in-1 report give me? Consumers will be able to easily check details of every account they've opened, including credit cards and loan accounts, payment details of every account including the payment history, a list of all companies that have done an inquiry on their name, and a line by line comparison of each account as reported by the 3 bureaus.
Why is the 3-in-1 report better? Because the 3 bureaus have independent databases, their information could therefore be different.
This is also due to the fact the some smaller financial institutions do not work with all 3 bureaus, so there could be some information missing as well.
By getting the 3-in-1 view you will easily be able to see where the information is different and request a correction.
It is estimated that up to 70 percent of reports contain errors and omissions, so it is recommended that consumers check their reports on a regular basis to prevent an incorrect calculation on their score.
Recent statistics have indicated that one in fifteen American's have been a victim of identity theft, so it is vitally important that consumers get their reports on a regular basis to check their information.
But which would be the best credit report to get? The best credit report to get would be the 3-in-1 report which is available from a credit report monitoring company for a reasonable fee.
This report provides your credit history as it's reported by all 3 bureau's - Equifax, Experian and TransUnion.
It will give you a detailed look at the information as it stands in all 3 bureaus.
What information does this 3-in-1 report give me? Consumers will be able to easily check details of every account they've opened, including credit cards and loan accounts, payment details of every account including the payment history, a list of all companies that have done an inquiry on their name, and a line by line comparison of each account as reported by the 3 bureaus.
Why is the 3-in-1 report better? Because the 3 bureaus have independent databases, their information could therefore be different.
This is also due to the fact the some smaller financial institutions do not work with all 3 bureaus, so there could be some information missing as well.
By getting the 3-in-1 view you will easily be able to see where the information is different and request a correction.
It is estimated that up to 70 percent of reports contain errors and omissions, so it is recommended that consumers check their reports on a regular basis to prevent an incorrect calculation on their score.
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