Free Credit

My Free Online Credit Report

is the site information about your free online credit report which is annually given for Identity Theft.

Why is it so important to monitor your credit scores

First, the better your scores are the better chance you have of getting a great loan rate for your new car or home. With all the recent home foreclosures lending institutions have increased the criterea for getting a home loan. By maintaining excellent credit you are telling the lenders that you are not a credit risk and have a proven history to pay your debts on time. Also, my monitoring your scores one a re-occuring basis, you can identify any malicious Identity Theft of credit fraud. It is just to easy to steal your Social Security Number and borrow money against your credit. You are entitled to a Free Annual Credit Report and there are top credit reporting agencies; Experian , Equafax, and Transunion. These credit agencies mointor your debt and payments and grade scores accordingly.

Your Credit Scores are dependent on certain aspects of debt and payment timelines. If you borrow money with a credit card or loan it will be reported with the top three credit agencies. Experian, Equafax, and Transunion use differnt forumulas to determine the your scores. Experian may place more ephasis on unpaid debts and Transunion my grade harder on total debt>br />

How do you Repair Bad Credit

The most important aspect of restoring your credit scores is to have delinquent debts erased from your credit report. If you have filed Bankruptcy in the past 10 years, many of the debts will continue to show up and hurt your scores. But many lending institutions now make it harder for you to restore your credit after a Bankruptcy by changing the ownership of the debt after you file. For example, a Bank may sell a debt that was washed away in a bankruptcy for pennies and the new owner of the debt will show it as a new unpaid debt. This is when you must contact the top 3 reporting agencies and have these debts referenced with your bankruptcy.

Comments
Posted by: StolenIdentity32
I had my identy stolen 5 years ago and its been terrible. Somehow somebody on the internet hacked me and got my name and social security number and bought a new car. I did not even have that great of credit but I suspect they made a fake ID and bought the car. It was a $20,000 car and the Investigaters suspect that the car was taken out of the country and most likely in central america. I was so upset that I went to the car dealer who sold the car and it was not far from where I lived. I pretended that i wanted to buy the car myself and told the dealer that I lost my drivers license and they told me that i could show it to them later. This is why there is so much identity theft. The sales people just want to get paid and they dont care as long as somebody buys.
Posted by: Mr-Cash-Credit
Its sad that so many people are having thier identities stolen. I used to sell automobiles and when a prospective buyer wants to buy and the salesman wants to eat... can you blame him. It is almost like the subprime loans that is killing the american economy. The loan officers knew the borrors could not pay but as long as they got paid then why should they car. I suggest that if your identity is stolen then you should contact the credit reporting agencies such as Experian, Trans Union, and Equafax. These are the top 3 credit reporting agencies they will grade your credit scores. They can also put a freeze on your credit and stop others from trying the same thing.
Posted by: Free-CreditsReport
I am looking for a service that provides a Free Credit Report without a creditcard that is required. Just so happens that FreeCreditsReport is not free and they as for a credit card. Guess what! I had my credit hacked and i cant get a credit card anymore. I can not even get a prepaid credit card. One thing is for certian and that is since my credit is so bad nobody else can try to steal my identity anymore. I am one of the good guys and I have to live like a bad guy.
Posted by: My-FeeCreditReport
I a fuming mad at the way the United Stats handles credit reporting. Why dont they have a PIN numbe that goes with your social security number and why is it that we not have a picture ID on our social security card. I think the banks and car dealers should be liable for when somebody steals an identity and not the person who had their identity stolen. Another problem is that Americans are just too far in debt and the cerdit card companies what to keep giving it out like candy. Here have another mastercard or visacard and we dont care if you go so far in debt that you have to file BankRuptcy and ruin your life. Americans dont under stand that there is no such thing as a free luncn and somebody has to pay.
Posted by: ohMgoshgosh
I think this own credit issue and identity theft is good and needed in our society. Lets face it, there will always be criminals and i would rather have somebody steal my identity instead of them breaking my house down and comming in with a gun and stealing from me. I feel safer having cyber crimes because it reduces the real crimes where guns are used. Just think how safe the world would be if everyone stole online and everyone banked and bought online. Maybe one day that will come and everyone will be safe at home. Just dont turn on your computer or ever give out your social security number and you wil be fine.
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