You have just been rejected for a loan or your credit line has just been cut on your credit card, and you wonder why. You have seen the commercials in which you can get a free credit report online. There are quite a few agencies online that you can deal with that do this type of work. You need to only type in the search area for credit reports. Check out the list and see what these companies offer you.
Many will offer you a free trial period. Most will give you access to one credit reporting agency score. Be aware that there are three credit reporting agencies that you need to be concerned with. These are Experian, Equifax and TransUnion. If you are going to monitor your credit fully, you need the reports of all of these.
Other things should also be considered. After the trial period many of these services are a great deal especially when you consider everything you get. If you continue the service, your credit reports will be available anytime you want them. This is especially valuable in protecting against identity theft. If you are trying to repair your credit, you should check all three agencies monthly. Certainly, even without these two factors, you should check your reports more often than once a year, as credit reporting agencies are always getting new data, some of which may be incorrect and damaging towards your score.
Borrowing power is especially hard to come by in these trying financial times. You should do everything within your power to protect and improve your credit rating. If this means spending a few dollars per month in order to make sure the credit reporting agencies are giving out correct information on you, it will be worth it not only in the long run but in the short term as well.