Getting your free credit report - Free Credit Report

right Your credit report has huge impact on whether you qualify for a mortgage loan and what interest rate a Bank will offer. Therefore, it’s important your credit report reflects a positive image of the way you manage your money. If you're getting ready to buy a home, checking your credit report is the best way to ensure you get the loan and interest rate you deserve.

The easiest way to see what’s in your credit report is to contact the three national credit reporting agencies – Equifax www.equifax.com,
Experian www.experian.com and TransUnion www.transunion.com - and request a copy from each. That’s because the three agencies are independent of each other and the information may differ on all three reports. It’s best to verify all three have correct information about your credit history.

If you've been denied credit, insurance, or employment because of information in your credit report from any of the three agencies, you can obtain a free credit report by contacting the agency within 60 days of receiving a denial notice. In addition, you're entitled to a free copy of your report each year when you certify in writing that (1) you're unemployed and looking for a job within 60 days, (2) you're currently on welfare, or (3) your report contains errors due to fraud. Otherwise, the agencies charge a fee for a copy of your report.

For additional fees, each agency may offer you different report variations, such as:

A credit report with or without your credit score.
A three-in-one credit report that lets you see a side-by-side comparison of records, from all three agencies, with or without scores.
Notification services when your credit history is requested.
Routine notification changes to your file.
Subscriptions that allow you to access your report on a regular basis.

New law promotes free access to credit reports

According to the FAIR AND ACCURATE CREDIT TRANSACTION ACT of 2003 or FACT ACT, consumers have easier access to their credit reports as a way to spot possible identity theft and to allow dispute of inaccurate information. Prior to the passage of the FACT ACT, consumers had to pay to receive a copy of their report from each of the three national credit bureaus: Equifax, Experian, and TransUnion. FACT ACT allows consumers to request and obtain a FREE COPY of their credit report ONCE EVERY 12 MONTHS from each of the credit bureaus by contacting a centralized website, www.annualcreditreport.com or by calling 877-322-8228.

Whether you are thinking of buying a home or simply curious about what’s in your credit report, it’s important to correct any errors you discover as soon as possible. You don’t want errors in your credit report affecting your eligibility for credit in the future.