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subject: Yearly Free Credit Report Provision Made For All [print this page]


Credit report contains all the details regarding the current credit transaction as well as past credit history maintained by the consumer. Therefore it is important to be obtained by all. Therefore the government has made provision so that the people can obtain their yearly free credit report without ignoring to avail it.

This report is provided by the government through its bureaus operating under their control. They are Equifax, Experian and Transunion. These bureaus collect the information of all the consumers. The general sources are the financial institutions, banks, private lenders, employers, and so on. They collect the information regarding the credit account of the consumer and also the credit history for past seven years approximately.

At times there may be some information which may have been not recorded by bureaus accurately or some information may be missed out. Therefore acquiring the credit report will help you to keep a track on your credit transaction statements and if you find any information that is wrong or is not there in the credit report you can immediately report it to the bureau and get the credit particulars rectified within one month. For this purpose you need to follow the rules and regulations. This will help you to maintain a fair credit statement.

Yearly free credit report can also be obtained through online means. For this purpose you are needed to provide the bureau with all the necessary details like your identification proof, residential address proof, contact number for correspondence, email id, and so on. The bureau will verify all your details and accordingly they will access you to your credit account details.

Obtaining the credit data through online means will save your lot of time as there are no complex procedures, documentation involved. Also it can be applied for from the comforts of the house. You are not needed to travel long distances and stand in queues. This is very helpful for you to stay updated.

by: Ryan Davis




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