Free Yearly Credit Report - Evidence Of Your Creditworthiness
Credit is the integral part of your life
Credit is the integral part of your life. It helps you in making large purchases like buying a car, constructing your own house or also for business use and many more. For this purpose one needs to have lots of cash in their hand. But, this is not possible for everybody to have so much of amount. The person needs to take a loan from bank or from any financial institution or lend money from lenders. However, it is not so easy because any bank or financial institution will not lend you money before assuring your creditworthiness. Free yearly credit report provides the best and simple way to prove your creditworthiness.
The major credit reporting bureaus namely the Equifax, Experian and TransUnion provide with the free yearly credit report to the consumers. The reports provided by these bureaus differ from each other. So, it is advisable to the customers to view them all. The Fair Credit Reporting Act gives you the permission to view them all. You can ask for a free copy of your credit report in case of denial of loan also.
To obtain the facility of credit data free of charge you must provide the bureaus with certain information. This information includes the name, date of birth, personal security number, present address and some more. If you are a new resident of the present address or you have being staying there for less than two years you need to give the previous address of your resident.
You must take care that you obtain the credit report from the official online bureaus only. Otherwise you will be charged indirectly if you avail the service from any other agency as a part of their service. You also must be aware of the fraud people who may use your personal identity for illegal purpose and you may find yourself in complicated tribulations not knowing for what purpose.