If you haven’t gotten an annual credit report recently, then it may be time for you to get one of these reports. These reports are important for making big financial decisions. The good news is, if you do want to get a detailed credit report on yourself, there are many companies that have made the credit score monitoring process quite easy. When getting an annual credit report, first you will want to make sure that you are getting the right type of credit report. When you receive a credit report, the three major credit agencies; Equifax, Experian and TransUnion will all provide you with an individual credit score. You will need these three scores to get a complete view of what your credit score is.
Understand Your Annual Credit Report
It is also important to make sure you understand how this process of getting a 3-in-1 credit report works. If you are turning to the right company for help with credit monitoring services, you will find the process can be quite easy. These are the typical steps involved with getting a credit report from a credit reporting company:
1- Complete an information form. This will typically ask for some basic personal information so that the credit company can track down your financial information.
2- Verifying your information. So that the company isn’t just giving out information to anyone with your name and address, you will need to be able to verify your information and your identity as part of a security measure.
3- Accessing your report. In most situations you will be able to access your credit report right online in a matter of minutes.
Getting Your Annual Credit Report
Finally, when it comes to getting an annual credit report you should know the primary reasons people have for getting credit scores. Here are some of the top reasons that people will get a credit report:
• Renting an Apartment- You will find that most landlords want to have some type of proof that you are financially responsible and that you will follow through on your financial commitment.
• Buying a Home- Part of getting a mortgage for your home, often lies on your credit score.
• Determining Identity Theft- A great way to determine if you have been the victim of identity theft is to check your annual credit report.
• Purchasing a Vehicle-Many times, when you are purchasing a vehicle, you will find that the company will run a credit check on you before setting up any financing.