You most likely are! For many people, accessing their annual credit report has become a habit that is remembered on a regular basis. Others, however, may not know how to exactly go about getting their annual credit report. Well, sit tight and we’ll go over everything that you should know so that you become just a little bit wiser in regards to getting your report and what it all means once you get it.

The main purpose when getting an annual credit report from all 3 of the major credit reporting agencies is to check and verify that all the information that is being reported on you is accurate. Remember, a lot of the information that is contained in these reports is used to determine your credit score. And that magic number is what determines how credit-worthy you are in the eyes of credit card companies and lenders.

Now when you want to get your credit report, the first thing you need to be aware of is that by law, you are now entitled to an annual credit report once every 12 months from each of the three credit reporting companies (Equifax, Experian and Transunion). This can be done by going to AnnualCreditReport.com and following the simple steps that they have provided. You have the option to receive it online or via regular mail. This is the only authorized site established by the three credit reporting companies where you can all your credit reports for free. That’s right, read that again, FREE.

If you are in a rush and don’t want to wait, use the procedures to have them sent directly to your computer and print them out. Don’t worry, your information is secure.

Once you have then sitting in front of you, now its time to start sifting through the information.

Click to View Your Report

Here is a look at what you’re going to find when you have your annual credit report.

  • Information Used To Identify You – This is just the standard stuff. Name, your date of birth, your address (makes sure this is current), your Social Security number and your current employment information! All this should be exactly what you are supplying to lenders.
  • Current Credit Accounts (Trade Lines) – Just as the name implies, these are all your accounts. The information here will contain the type of account, mortgage, credit card etc., the amount of credit, your payment history and your account balance. This is usually reported once a month.
  • Any Credit Inquiries To Your Credit Report – This section will list everyone who has accessed your credit report over the last 2 years. Here you will find both “Voluntary Inquiries” – that’s when you give a lender permission when you apply for credit and “Involuntary Inquiries”- this is when a lender actually buys a copy of your report to make you one of those credit offers you get in the mail.
  • Public Record and Collection Information – Credit reporting agencies collect any information on you that is public record. This can be from courts and any information from collection agencies.

Lot of information, isn’t it? We hope that you now can see the importance of getting your annual credit report and making sure that everything contained in it is accurate!

Click on the button below and get your credit check report with free scores and start monitoring your credit!

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