Credit Score Definition

What Is A Free Credit Report Government And Why Do You Need It?

Written by Brian James

Free credit report government is an annual report that you can get for free from the US Government. You can request for this information to be delivered to you either through phone, normal postal services, or by using online mode with a Government setup website.  When you place a request for this through phone or postal services, it takes about 10 to 15 days for you to get this report. However if you opt for the online mode, the data required by you will be accessible at any point of time.

What Does This Include?

Any person who applies for a credit can request for his credit report to be given to him or her. This can be irrespective of from where you apply for the credit such as a bank or a credit card company. It is worthwhile noting that when you receive your free credit report government, you will not get your credit scores. Some key information that will be revealed to you in this report include a creditor who has requested for and obtained a credit report regarding you, items that you have bought on credit from a creditor, addresses that you have resided in when you have had outstanding credits, and how you have paid back the credit. In addition, some of your public details such as your tax payments and bankruptcy will be highlighted in the credit report.

Why Is It Needed?   

While it is not mandatory that you receive a copy of your credit report, a free credit report government can actually prove to be very important for you. So, it is a good idea to make sure that you do claim your credit report from the Government annually. Some specific instances when you will actually need a credit report are when you want to avail a new credit card from a bank, to apply for a loan, and for businesses to decide about you. Often, it is advisable to get your credit report about six months before you want to apply for a loan or credit card and clear up pending dues. Thus, possessing a free credit report government can actually be both useful and important. The recordings of a good credit report must be both positive and accurate.

Checking the Report

While the free credit report government that you obtain is more often than not a correct statement about your credits, it is a good idea for you to check the details mentioned in the report carefully every time you get out. This can help you watch for scams that might have crept in without your notice. One of the well noted scams involves making use of a Credit Protection Number (CPN).

When you obtain your free credit report government, you will have to provide your identity details. This is done to ensure that the report is not incorrectly delivered. Details such as name, address, social security number, and date of birth must be provided to obtain this free credit report online. You may be asked to provide a photo identification proof when you receive this credit report through postal services. It is worthwhile noting that identity theft has become very popular and can actually go unnoticed for a long period of time.

About the author

Brian James

US Financial specialist with a financial Master degree. Speaking about credit scores range in US, credit cards and more.

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