The credit report of a person holds the person’s name, his contact address, name plus address of his financial providers, amounts of finance he has secured, payments he has made and accounts of his defaults, arrears, less payment or late payment. Details of his financial status can be traced in the credit report. It is possible to learn from the credit file if he has been tagged with CCJs, IVA, bankruptcy and such other bad credit features. Hence, it is easy to understand why free credit report no fees has great importance. The financial bureaus collect the aforesaid information of the people and create their credit report.
With the credit report of a person in possession, the finance providers can find out his credit score on the basis of which they decide if advances may be made to him or not. A person with poor credit score is refused by the lending agencies and also by the landlords. An employer rejects the application submitted by a job seeker if his credit score reads lower than 600 marks as per FICO. It is good that an individual can secure free credit report no fees.
Yes, he has been given this right by the laws of the land and he can have an access to his credit report at least once in a year without spending a single cent. He can secure the same from the financial bureaus and from the websites created for this purpose. It should be borne in mind, in this context, that some websites tells that free credit report no fees are available. They allow the access free of cost for a trial period of 30 days. The person looking for his credit report should be careful, because he will be asked to sign up for the websites and to pay fees later for acquiring this favor.
People should go for free credit report no fees which they can get from the financial bureaus like Trans Union, Equifax and Experian. They should verify if their credit report is free from mistakes. Credit score which is derived from the credit report may produce improper reading if there are mistakes in the credit report. Sometimes, it happens that the employees who work for creating the credit report enters wrong figures from the financial documents they gather. People, after noting mistakes in the credit report, can ask the financial bureaus to do the needful to make the credit report free from mistakes. It is mandatory for these bureaus to correct the errors within limited time.