Credit Report Online

Credit Report Online

What is a credit report?  

A credit report is a statement of credit report online activities and current credit situation and the status of your credit accounts. Lenders use this report to ensure that they will loan the money on what interest rate. They also determine that the customer meets the terms and conditions of an existing credit account. Most of the people have more than one credit report. Credit reporting companies, also known as credit bureaus or consumer reporting agencies, collect and store financial data about customers that is submitted to them by creditors, such as lenders, credit card companies, and other financial companies. Creditors are not required to report to every credit reporting company.

Can you check credit reports online?

You are entitled to a free credit report every 12 months from each of the three major consumer reporting companies (Equifax, Experian and TransUnion). You can request and review your free report through many ways or various sites through internet such as CRED click on 'check credit score'. next, enter your name, phone number, and email ID, then click on confirm. You will receive your CIBIL score report on your registered email ID and via WhatsApp. Or You can request a copy from AnnualCreditReport.com. You can request and review your free report through one of the following ways: Online: Visit AnnualCreditReport.com.

One important thing which we need to remember that It is very important to check the report and see whether the details mentioned are correct. This can help individuals guard against fraud and identity theft. They can check their reports and get the errors rectified by informing the credit agency or the bank.