An Equifax credit report may be the one of the most important statements in your possession. Employers, landlords, and money loaners rely on a person’s background credit as the primary, and sometimes only, source of information that determines the ability to borrow money and own a home. While everyone is entitled to a free annual credit report under federal law, understanding your credit report once each year may not be sufficient in maintaining the accuracy of your credit history. How much money you can borrow, the level of interest rates that will attach to this money, and a number of other personal financial statistics are all affected by a credit report. With an Equifax credit report, this information is available whenever you need it.
You may wonder if an Equifax credit report is necessary if you pay all of your bills on time and have no history of bad credit. However, the importance of checking the accuracy of your credit report should not be underestimated. As the flow of online traffic increases daily, the prospect of identity theft becomes more realistic. If you access your credit report and believe that some of the information is wrong, you may catch a possible identity theft. As the frequency of your spending increases, so does the possibility of this type of victimization. Order your Equifax credit report to insure personal safety.
An Equifax credit report costs approximately 10 dollars – a small fee for self-awareness of financial status. There are two other major credit reporting services in the country: Experian and Trans Union. All three of these companies perform the same job; however, your credit report with each of these bureaus may vary. Because Equifax, Experian, and Trans Union gather information and statistics from different sources, many people request credit report’s from each of the services. After requesting your Equifax credit report, examine the numbers closely. If there is any discrepancy, it is a good idea to request credit reports from all of the services to make sure that your credit information is accurate.
Requesting an Equifax credit report via the Internet gives you instant access to this report. Obtaining your report through postal mail can take a longer period of time. For just 10 dollars, you can view what companies have viewed your credit report and understand any reason why a past decision may still affect your ability to borrow money. Other services that Equifax offers include a credit ranking system, a valuable tool that allows you to compare your credit rankings and scores with other individuals in your area. By understanding these averages and statistics, you will be able to better understand your own situation. For peace of mind and personal safety, look over your Equifax credit report.