How to Check Your Credit Score



Equifax, Experian and TransUnion Offering Free Weekly Credit Reports through April 2021!


Experian, Equifax and TransUnion are now offering free credit reports to all Americans on a weekly basis for the next year so you can protect your financial health during hardships from the coronavirus.

Checking your credit report on a regular basis is a simple way to be proactive about your financial standing... and it just got easier. These free credit reports will be available on AnnualCreditReport.com through April 2021.

Previously, you were entitled to one free credit report from each bureau per year, but that’s been substantially increased to as many as 156 over the next 12 months, if you so choose.




HOW TO GET A FREE CREDIT REPORT:

  1. Go to AnnualCreditReport.com

  2. Click on “Request your free credit reports”

  3. Fill out one form to request up to three copies of your credit report

  4. Choose which reports you want (Experian, Equifax and/or TransUnion)

  5. Answer several questions to verify you’re the correct person to be accessing your report, then submit your request (you’ll need to do this step for each credit report)

  6. Review your report(s)

**Your free annual credit report includes all accounts opened under your name as well as the actions you have taken, such as balances and payment history. However, it doesn’t include your credit score. If you want access to your free credit score, consider alternative services provided by credit card issuers.**




What to Look for When You Review Your Credit Report:

Monitoring your credit report is even more important during uncertain economic times since frauds like to take advantage of these situations. You should keep an eye out for common credit report errors and signs of fraud when checking your credit report, such as:

  1. New accounts that you didn't open

  2. Identity errors (wrong name, phone number, address, etc)

  3. Incorrect reporting of account status (incorrect late payments, incorrect account statuses, being listed as an owner when you’re just an authorized user)

  4. Data Management Errors

  5. Balance Errors

If you notice any errors, make sure to dispute them as soon as possible!


Source: Scott Hamling, Cherry Creek Mortgage.

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