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Article: Free Credit Report
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Checking your free credit report regularly is very important. Some say you should check your free credit report as often as every 6 months and others suggest every year. If there are inaccuracies in your free credit report you could end up paying a higher interest rate on your car or mortgage as well as be turned down by insurance companies. Employers are even using free credit reports now when making decisions on employment.
Who Can See Your Free Credit Report?
There are a number of different people and entities that are able to check your free credit report including phone/utility companies, landlords, medical institutions, stores, credit card companies, auto dealers and investigators.
What's in Your Free Credit Report?
Your free credit report includes information such as marital status, changes in your name, your job information, your spouse's job information for starters. The primary content of your free credit report contains information on your financial accounts including lenders, credit cards, department store cards and more. Your account type, payment history, joint owners, credit limit and balance information is listed for each account.
Other accounts show up on your free credit report when you have defaulted on the account in some way. For instance, if you defaulted on your rent payment, your landlord can report it and it will show up on your free credit report. Other people and companies can do the same including utilities, insurance companies, stores and medical facilities.
Certain public information can also appear on your free credit report including bankruptcy, liens, court judgments and lawsuits. Also included on your free credit report are all the people and companies that have inquired on your free credit report within the last year. Note: Having a large number of inquiries on your free credit report can look bad to some potential creditors.
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