Free Government Credit Checks
In the United States, the Federal Government plays a key role in
providing its citizens with free credit reports on the Internet.
The Federal Government does so through the Federal Trade Commission
(FTC) and its website (www.AnnualCreditReport.com). The difference
between this website and other sites that offer free credit checks
is that it does not require you to enter a credit card number, which
can lead to identity theft.
As with other credit check websites, requesting a credit report
will require you to provide your name, your address, your social
security number and your date of birth. The FTC has also put up
hotlines where people can request for their credit reports through
the phone or by mail. The credit reports that will be provided by
the FTC will also contain the four types of information (identifying,
credit record, public record, and new debt), and your credit score
that can be found on the credit reports of other websites.
Another feature of this service is that you can request for credit
reports on a quarterly basis, which will enable you to monitor your
credit reports and correct any wrong information that will be placed
there without having to wait for an annual credit report. This will
also ensure that your creditors will be provided with the accurate
information as to your credit worthiness.
Although the free credit reports are not widely available to all
residents of the United States, a system has been put in place to
ensure access to most Americans in the near future. Given that the
Federal Government has joined the effort in providing people with
free credit reports, it can be expected that loans will be processed
more easily because important information such as your accurate
credit score will be readily available.
Manage My Credit -
a website devoted to providing advice on managing your credit and debt