FTC and Government Sponsored Free Annual Credit Report – Free Credit History from Experian, TranUnion and Equifax
Posted on | April 26, 2010 | Comments Off
At the present time the FTC and government only sponsor one website when it comes to a free annual credit report. That website is annualcreditreport.com. It is very important to access this website if you are looking for a completely free annual credit report from Experian, Equifax and TransUnion.
It is extremely important to check your credit report at least once a year because you will want to make certain that the information on this report is 100% accurate. With inaccuracies on your credit report you could see your credit score drop by as much as 100 points. This could means hundreds of dollars on your monthly mortgage payments.
Your credit report, credit history and credit score greatly determine the interest rates you receive on credit cards and loans. With a very low credit score you are going to find that the interest rate on any money you borrow is quite high. Some bad credit borrowers are seeing interest rates in excess of 25% on their credit cards.
By accessing annualcreditreport.com you have the ability to get one free credit report each year. This report will help you to better understand what credit agencies are reporting on you and how it may affect your interest rates.
Author: Jeremy North