There are heaps of websites claiming to give you completely free credit reports. However, many of these websites are misleading and you may end up paying for a supposedly ‘free’ credit report. This post will tell you exactly how to obtain a free credit report, and show you how to avoid the scams.
How to Obtain a Free Credit Report
Many people do not realize that they are entitled to obtain free copies of their free credit reports under the Fair and Accurate Credit Transactions Act (FACT Act). You can get these free credit reports at absolutely no charge at annualcreditreport.com. You can get all these reports simultaneously, but most experts recommend obtaining them over a period of 2-3 months. You can your credit score(s) for a low cost at the same website.
Avoid Other ‘Free’ Sites
There are dozens of other websites that claim to offer ‘free credit reports’ with even more features, such as credit monitoring. Unfortunately, these website fail to tell you (unless you thoroughly inspect the terms and conditions) that you are actually signed up to a ‘free trial’. When the trial period expires you will be charged a set fee every month. If you have already signed up to one of these services, make sure you cancel the trial immediately (unless you want to pay for the credit monitoring service). While credit monitoring may be a good service for those worried about identify theft, there is no way to get it for free. Security freezes on credit reports are provided by many states for a much better price than credit monitoring services.
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