Credit Report Findings, 2011
While searching through the AnnualCreditReport.com site, I found that the three main credit-reporting services are Experian, Equifax, and Transunion. This central site allows you to request a free credit file disclosure, commonly called a credit report, once every twelve months from each of the nationwide consumer credit reporting companies mentioned above. AnnualCreditReport.com provides consumers with the secure means to request and obtain a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies in accordance with the Fair and Accurate Credit Transactions Act (FACT Act).
Upon entering the main website, you are greeted with a welcome screen that states all of the regulations of the website and the relationship that stands between it and the three major credit reporting companies of the United States. It also explains the heavy security measures that the site has taken, considering your personal information is needed to complete the reporting process. One major security threat that the site explains is that there are other websites on the Internet that may try and act as a legitimate credit reporting authority, when in reality they are simply scams that try and steal your personal information. The first step to accessing your credit information is to select your state. Next, the site asks for your complete personal information. When this is complete, it will show the three credit-reporting firms that you may choose to view. They are all pretty much the same layout and report the same information, but it is crucial to check all three as to make sure that the information portrayed is legitimate.
Once you view your credit statement, it will show each and every account that you have had possession of, whether it is at a bank or credit card company. This also includes any closed accounts that may no longer be active. For instance, I had a checking account at Citizens Bank...
Please join StudyMode to read the full document