CreditKing asked:


I checked my free annual credit report and it is showing me like I have never been employed. Even though I have been designing websites and I make good money with my services. How do I report the jobs I am getting so that it shows me as employed? And what information do I need to provide?

Wanda

PM asked:


I don’t see any mention of a free annual credit report on either of the three major credit reporting agencies websites (experian, trans union, and equifax.

Marian

Ray Eddings asked:


The yearly summary of your annual personal credit report, the report which tells how the consumer is basically paying the companies to which he or she owes money, is a major factor to judge your credit worth. The annual credit report for every person is maintained by the financial institutions and the loan providing companies. The various companies include their outputs in the credit reports. These reports are a collective effort of the creditors or the landlords etc. who are a major part as loan providers. The annual personal credit score and report is the indicator of your borrowing habits throughout the year. The annual credit report for any person influences the creditors and the lenders to extend or cancel your loan.

There are lots of uses for which a personal credit report is maintained. The major uses of these reports are:

-By looking at the report, various companies decide the status of your coming loans. The companies decide whether to continue your loan or not. The report suggests the financial institutions about the risks that are involved if the finance group gives you a loan.

-If your existing lenders move away and do not provide you with the loans then finding other lenders can be a tough job if your annual credit report is not good.

-Credit cards also will turn more expensive for you if you are not able to maintain a good annual report. Sometimes a bad report or score would not allow you to access your credit card and even getting a new card would not be possible.

-Sometimes, renting a house would become even more difficult because some house owners check the credit report of the paying guests.

There are a few factors that you need to know so as to maintain your annual credit report and give it a good shape. Keep in mind that FICO system is considered by many financial banks and institutions. You need to maintain a good FICO score. To maintain a good credit score, these scores are required to maintain a good annual report. Keeping a regular check of your annual report can help you maintain a good report and scores.

Many financial institutions provide free credit check for your credit reports. These are provided to any person by these institutions so they can easily maintain their credit scores to a good level.

The importance of annual reports and scores are clear and these are required to you in stages when you need money the most, so also keep your payments on time. Never delay your payments to the lenders. Even your monthly installments and your loan repayments, be it monthly, yearly or quarterly must be paid well in time just to maintain goodwill and also a good annual credit report by a person.

So try and consult financial institutions and maintain a good credit report for your benefit.



Caffeinated Content

Kristine Mckinley asked:


Unfortunately along with the holiday season usually comes an increase in credit card fraud and identity theft, so right after the holidays is a great time to check your credit report. The following article will show you why, when and how to check your credit report…

Why you should check your credit report

* to check for errors

* to check for fraud and identity theft

* to get the best interest rates

* more and more people are relying on credit scores - car insurance, employers, etc.

When to check your credit report:

* Once a year if you have good credit and don’t anticipate any large purchases in the near future

* Before a major purchase, such as a new home, new car, etc. - should request your credit report 6 months ahead of a big purchase so you have time to correct any errors

* If you’ve been denied a credit card, loan or other product or service because of your credit (you are entitled to a free credit report if you have been denied credit based on information found in your report)

* If you suspect that your identity has been stolen

* If you are starting a plan to get out of debt or repair your credit.

How to check your credit:

There are three credit reporting agencies (Equifax, Experian and TransUnion), and they are required to provide you with one free credit report each year. The three agencies do not always share the same information, so it’s important to check all three.

You can order all three credit reports at one time, but it may be a better idea to check one company one month, wait a few months, then check another company, then the third company a few months later. This way you are getting three free credit reports a year, and you are checking several times a year, so you are more likely to catch errors and/or fraud.

Go to www.annualcreditreport.com to request your free credit report online. This is the only authorized source for consumers to check their credit report online for free. There are commercials and websites for other companies who claim to offer your credit report online for free, but they are generally selling a service or they are a scam.

In addition, you can call 1-877-322-8228, or you can write for your free credit report at: Annual Credit Report Request Service, PO Box 105281, Atlanta, GA 30348-5281.

Finally, you can purchase a 3-in-1 report, which is basically getting all three reports from each of the credit bureaus. This is a good idea if you have never requested your credit report before, or if you suspect fraud. You can purchase your 3-in-1 credit report at www.myfico.com.

Regardless of what time of year it is, it’s important to check your credit report periodically to make sure there are no errors and that you have not become a victim of identity theft or fraud.

But it’s even more important to check your credit report right after the holidays to make sure that you didn’t become a victim of fraud during the busiest shopping days of the year.



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