Thursday, March 03, 2005

Annual Credit Report

Here's something really scary:

If you haven't checked your credit rating lately, it might be a good idea to do it now.

You can get a FREE credit rating from three different companies, right now in real- time online, for the low-low price of (have I mentioned this already?) FREE!

A recent federal law requires credit-reporting services to make this available to you, once a year, for free.

This is especially important if you are thinking of making a MAJOR CREDIT PURCHASE!

you can get this report from a number of websites, by the way.

What do you need to accomplish this?
If you want to receive the TransUnion report at least (the most extensive of the reports I reviewed, and regularly priced at $29.95) you need at least four identifying pieces of information. They can be anything among the following:

  • A revolving charge-card (Macy's)
  • A credit card (visa)
  • A previous residence address, which may go back as much as 10 years

Yup. That's right ... four items of personal identification in three categories.
If you're like me, you will have to scramble for some of this stuff. For example, I had to dig out documentation which listed my address in 1992, and my car-payment which I had paid off last year.

You'll have to decide whether it's worth the effort, and if you want to know your "Credit Score" it will cost you another six bucks, too. (I didn't pay it ... I don't anticipate a major purchase, such as a new house, in the immediate future.)

The good news is (a) you can get the results immediately, on-line; and (b) the price is free Free FREE!

Also, the credit companies do have a plan to get money from you, but it's always an opt-in process. That means that if you choose not to receive their mailers, it's usually a painless process.

Did I mention that it's Free?

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