Why You Need a Copy of Your Credit Report!

Your credit report is an important document which may affect you more than you think. It is perfectly possible to see a copy of your credit report. But why would you want to read your credit report, and how do you find it?

In the US there are 3 agencies which keep information on you and your credit. This information includes a whole range of details on many of the financial transactions that you make through your life. You may not be aware of it but much of your financial data is kept by credit agencies, and can seriously affect your life.

Opening a bank account, considering letting a bill slide a little until it's overdue, going for a loan, buying a house? Any one of these transactions and many many more are all recorded on your credit report. Information is kept on where you live, how you manage most of your finances, much of your criminal history if you have one, your history of loan repayments and much more.

And this information is not just kept there for the sake of it. This information is used to assess your credit worthiness so that when you go for a new loan, for example, the organization through which you are applying can access this information to help it decide whether or not it ought to grant you the loan.

You are in fact, rated for your credit worthiness using this information collected on you, and a credit worthiness score is applied to you. This score is part of the information that an organization may wish to find out if they are judging your credit worthiness.

Something as simple as missing a few bills because you were on holidays can quite seriously affect such things as your ability to obtain credit in the future.

So as you can see the information kept in your credit report is important information and can affect your life in ways you may not be aware of.

For this reason it is important to know what information is kept on your credit report. It is not unheard of, for example, for there to be inaccurate entries on your report and if you are unaware of this and therefore cannot correct it this inaccurate information may well cause you all sorts of unexpected problems.

So, how do you get a copy of your credit report? Luckily you are entitled by law to get a free copy of your report each year. You will need to provide your name and address as well as your social security number and date of birth to identify yourself, as well as possible former addresses if you have moved recently.

To get your credit report ring 1-877-322-8228 (toll free) and proceed as directed.

So remember, you are entitled to a copy of your credit report free each year. Make use of your entitlement, check your report and see if there is anything there which could be causing you a problem. If there is then you can start finding out what to do about it.

Credit Cards and Identity Theft

As more and more Americans become reliant on credit cards in their daily life, identity theft is growing. Identity theft is when someone uses your personal information without permission. They can obtain credit or use your existing credit to put you in a serious financial crisis. Prepaid credit cards may be an option for someone who wants to avoid identity theft.

Prepaid credit cards are a credit card that you add a certain amount of money to. These cards do not have a set limit, but rather your spending is based on how much money you put on the card. The idea is that you can use the card anywhere credit cards are excepted, but without the worries of debt. You do not get charged interest charges and can not exceed your spending limit. These cards are not tied to a bank account and you do not get monthly bills. This makes prepaid credit cards virtually unworthy an identity thief’s time.

If you are approached by someone trying to steal your identity you can feel protected with your prepaid credit card. Most of the time these thieves try to get your credit card number so they can then use it to make purchases. Even if they do get your credit card number they still can only use the amount of money you have on the card. They can not go on a crazy spending spree and since the card is not attached to any bank accounts, they can not access your other financial information. This protection doesn’t come with debit cards or regular credit cards.

Using prepaid credit cards everyday or just for occasions, like traveling, when you could be more prone to identity theft is an overall good idea. Many thief’s are looking for an easy target, but if you play it smart you won’t be that target.


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Gunnar Berglund has been a "internet- hardworker"
for the last five years He publishes the ebook
"Identity Theft, What's It All About?"
Click here for more info

"What to do If you are a victim"

"How to Prevent Identity Theft and

What to Do if it Happens"

Are you concerned that you’ve already made mistakes? Do you know if your credit or reputation has already been used by an identity thief?

Whether you think you’ve been a victim yet or not you need to know the five RED FLAGS that indicate your information may be at risk.

If you know that you’ve already been victimized you’ll want to know the steps you must take IMMEDIATELY to restore your credit and prevent further victimization. You’ll also need to understand the systems that are in place to help you fight back.

Identity Theft Handbook

Identity Theft Report

In the United States alone, Identity theft has reached $53 billion dollars a year.

Get this free 4 page report that details the extent of identity theft and what you can do to protect yourself from identity theft scams.

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