Credit report is a document that summarizes your financial activities during a period. You are advised to get your credit report at least once a year for a number of reasons. And once a year, you are given a onetime report for free from each of the CRAs or credit reporting bureaus: Equifax, Experian and TransUnion. But what happens once you've used up all your free reports? Although it is advised that you don't inquire too much about your credit, there may be times that there will be a great need for you to get another report. And now you would want to find either more free reports or the cheapest report you can ever get.
The great thing about credit reports is that you can actually get them without having to spend a dime. So the very first thing that you may want to do is to avail of your free report from each of the CRA's: Equifax, Experian and TransUnion. You can request one copy of your report from each of these agencies one at a time.
You can also avail of the services of various online companies that let you fill out a request form and gives you back a merged report from these three credit reporting agencies. What's great about availing the services of such companies is that they also provide credit monitoring services so you can be alerted on any changes and inaccuracies on your financial information.
Another thing that you can do is to take advantage of the special offers of different websites that sometimes offer the cheapest credit report you can ever get. Some of these sites offer cheap reports, if not for free, in exchange of you signing up for the services or program that they offer. But you have to be a bit vigilant and careful when signing up because, you may not know it, you're already giving away information to scammers who are bound to steal away your identity and financial information. Make sure that the website is a trusted site and that the company at least sounds familiar or that it really exists.
Before you decide on availing the service of the online company you found that offers the cheapest report, make sure you have used up your freebies. Ensure that the company you're going to request credit information from is one of the trusted and credible companies. They should also at least have contract or associated with the three main agencies.
Credit report is a summary of your credit standing. With credit reports, you're able to keep your financial information correct and updated. See where your credit really stands by availing of the free and the cheapest credit report.