Accuracy of Credit Reports

Accuracy of Credit Reports

http://www.freeannualcreditreportnow.com/accuracy/

Credit reports are used to verify a person's qualification for credit, employment, insurance and housing rental. Unfortunately, errors can occur in credit reports. These can be caused by identity theft or by a mistake in encoding. These errors can be very costly and may cause denial in attaining certain benefits.

There are companies who provide credit monitoring aside from the usual credit reporting, and they will alert a client if there is any change. A person can save a lot of money from monthly fees these companies will charge for these services that a consumer can do on their own. 

An excellent way to monitor your credit is to get a report every four months. Federal Law permits a person to one free credit report from the three major credit bureaus – TransUnion, Equifax and Experian. For example acquire a credit report from TransUnion on January, another report from Equifax on May, a report from Experian in September, and do the whole cycle again for the following year. Make sure to go the government's official website for the free credit reports at http://www.annualcreditreport.com, because there are a lot of sites that offer "free" credit reports but will actually automatically enroll you in a paid credit monitoring service.