Credit Report Facts You Need to Know
Feb 17th, 2010 by D.J. Rausa
Just a little information regarding credit reports.
There are 3 major credit reporting agencies out there: Experian, Trans Union, and Equifax, plus dozens of other less-known ones.
What information you need from a credit report may dictate what agency you should go to and how much you should spend to obtain one. Some versions of the credit reports may only give you balances and names of companies you may owe, but no contact information for those creditors and no mailing addresses.
According to Money Magazine, freecreditreport.com is not really free at all. What is being sold is a subscription to credit monitoring for approximately $15.00 per month. Try annualcreditreport.com for a copy of your report. It should not cost you anything.
Remember that a credit report is nothing but a guide and should not be taken to be 100% accurate. When evaluating a client’s total debt, I like to see the actual bills that are less than 90 days old. That way I am confident that the information I have is as accurate as it can be.
