How Do I Get Free Credit Report From Transunion?
Free credit reports from Trans Union & how to access them
The information contained in the credit report includes payment history on loans and credit cards, which are essential details concerning your credit. This information helps in determining the credit score which is used by the lenders in determining whether or not you are capable of repaying a loan or credit card as per the required standards. It is advisable to run a credit check occasionally to ascertain there is no fraudulent activity or wrong credit information.
Every consumer is also eligible for one free credit report every 12 months from each of the three major bureaus namely TransUnion, Equifax, and Experian. A key benefit of receiving one free credit report annually from each agency is that you can easily track your credit and any issue that may arise. In this article, I will explain the steps of how to get your free credit report from TransUnion.
To Obtain Your Free Annual Credit Report You Should Visit AnnualCreditReport.com
This is a website that has been endorsed by the government; thus, offering free credit reports from TransUnion, Equifax, and Experian. The credit bureaus allow you to receive one free report each from them at least once every twelve months. To order, please, visit the AnnualCreditReportcom website and complete some personal details to verify your identity. The Agency will require the applicant’s name and address, his or her Social Security number, and date of birth.
Sometimes you can decide to get your reports from one, or two or you can get them from all three at once. It is recommended that if one has ordered from all three, they will get all the reports and compare them to have a general view of their credit status. Get one report now and take the rest of them in turns throughout the year to monitor your credit more often.
When you order your report, AnnualCreditReportcom will lead you to the TransUnion website for further verification and pulling of your report. It generally takes approximately 10-15 minutes from the start of the procedure until the last step.
Check Report for Accuracy
When you get your TransUnion credit report, it is essential to go through it to check for any fraudulent or incorrectly reported details. Some common ones include accounts for which you never applied for a loan/credit card, balances/paid status on accounts are incorrect, your name spelled wrong, wrong address, etc. TransUnion credit report contains information that belongs to you, it is your right to challenge any erroneous information.
The Fair Credit Reporting Act also provides that an item dispute must be conducted by credit reporting agencies and corrections made if necessary as soon as possible. If you would like to challenge an error on your TransUnion credit report there are two ways to do so, via an online dispute or a traditional mail-in dispute where you will fill out a dispute form together with additional documents. Under the FCRA, TransUnion is supposed to investigate your dispute and provide you with the results in the next 30-45 days. It is recommended to check all the errors and ensure that you receive a report with minimal errors.
Learn About Other Parts of Credit Report
Your TransUnion credit report contains several sections detailing different aspects of your credit history:
Personal Information: Verifies the basic personal details such as name, current address, previous address, phone number, Social Security number, and employment details.
Trade Lines: This can give account history for your credit cards, retail accounts, installment loans, and also your mortgage. Provides the date when the account was opened, credit limit/loan amount, balance, payment amount, payment details, and other information concerning the account’s due balance. There are the following important aspects: Closed accounts remain for seven to ten years.
Inquiries: Includes all your credit accounts with any creditor that has reported your credit activity during the past two years, often in response to your application for new credit. An excess of requests within a limited amount of time can hurt your credit score.
Public Records: This may contain any record on their credit involving bankruptcies, foreclosures, tax liens, garnishments, legal judgments, and collection agency accounts, which report unpaid balances. Holdable items are normally held for approximately seven years.
Collections: Used to show accounts that have been written off or charged to a customer for failure to pay. They are normally removed from your credit file seven years from the date you defaulted on your obligations.
Understanding TransUnion Credit Report and How to Monitor Yours
IE, reviewing the available information in your TransUnion credit report at least once per year enables one to identify errors, signs of fraud, and chances of enhancing the credit score. As you order a TransUnion free report you can also get a subscription to credit monitoring services that will help you see changes in your credit report and credit score. For a fee every month, TransUnion will notify the consumer every time a new account has been opened, inquiries have been made, late payments have been made and other changes have been made.
The ability to sustain great credit health is anchored on the reliability of credit reports. To date, apply for your free annual copy of your credit report from TransUnion and learn what information is in your file and how you can manage your credit. The implication of frequently accessing the TransUnion credit report to assess and rectify errors, fraudulent accounts, or other issues will enable the lenders to have adequate information to extend you the best rates.
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