Friday, July 13, 2012

Frugal Fridays - Free Credit Reports


As most of you know, a good credit score is important when trying to obtain a loan, buy a car or purchase a home.  But did you know that a poor credit score can affect your homeowner's and car insurance premiums?    There are many reasons to maintain a high credit score, so it's wise to check your credit report every now and then.  Mistakes can be made, and there's a lot of identity theft these days.

You don't want to run a credit report too often, because oddly enough that will negatively affect your credit score.  However, you are entitled to run a report annually and it should not affect your score.  There are a lot of sites that offer a "free" credit report, but there's usually some sort of catch.  However, there is one site that is truly free ... Annual Credit Report.  At this site you can get a free credit report from the three major credit reporting agencies ... Equifax, Experian and TransUnion.

Since you're entitled to a free report from each of these agencies every 12 months, you can either get all three reports at once or at different times. Obtaining all three reports at once allows you to compare them equally.  However, you may want to obtain a report every four months ... staggering between the three companies. 

Take responsibility for your finances and know your credit score!

  Hasta luego ... until then.  Mid-Life Cruising!

*For those that missed the other posts of this series, check them out below:

4 comments:

Ms. Cathy said...

You are absolutely right! A high credit score is definitely necessary in times like these. Thank you for sharing that free credit score report - I will check that out!

Cathy Trails

Stan said...

Since e-books are quickly overtaking the real thing, I thought I'd share a frugal tip. There is a web service that searches for and lists free books available from Amazon. Lots of these are from published authors and they are being temporarily released for free to get people interested in the author. You can also set up a daily email with a list of free e-books to look at.

I'm saving up books so that we have plenty to read while we cruise.

Stan

Stan said...

Whups - the web site is http://onehundredfreebooks.com/

Ken n Cheryl said...

Thanks for the great tip Stan. We're going to check it out!

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