How many free Credit Reports per yearApproximately how many free credit reports per year?
Information in your credit reports is used to help us assess your creditworthiness.
Mistakes in your credit reports or cheating bank account opened in your name can make you expensive to stand. Unless you review your reports on a regular basis, you may not know of any issues until your credit is bankrupted and bill collector attempts to recover unauthorised claims on your behalf. Well, why didn't you want to review your reports?
At MoneyTips it's free! Most Americans find a credit reference that is difficult to reread and does not fully comprehend what is in the paper, or the value of it, and would rather do other things. Asked about certain types of document they would prefer to see, 17% of those surveyed voted for credit reports by consulting work e-mails (39%) and collegiate schoolbooks ( 31%), but by consulting equipment handbooks or telephone directories (assuming you can still find both).
Just 40% of those surveyed found credit reports difficult to review, but just over three-quarters of those surveyed said credit reports should be easier, and 68% said they would review their reports if the presentations were easier. The MoneyTips website presents a very colourful, highly informative credit reference for your customers to use.
Meanwhile, 80% prefer a full credit review to include a synopsis of the major changes, and 58% want to see every detail in their credit review. Briefly, I want to know everything about my credit, but I want it to be told to me in plain words. Credit reporting statements are easily accessible, but individuals may not be conscious or sufficiently motivational to seek them out.
A lot of interviewees were puzzled about what was on a credit reference. Credit cards accounted for the most accurate identification (92%), bankruptcy (69%) and mortgages (68%). A lot of them mistakenly include current account (39%), salary account (37%) or pension account (19%). We give a passport to the 55% who said that mortgages are contained, as they have been eliminated by recent changes in regulation and perhaps also on current account balances that may be subject to reporting when using anti -money laundering.
Just 41% of those surveyed review their credit reports more than once a year, although more than twice as many (84%) know they should. More than a fourth (27%) of those surveyed say they don't have enough spare moment to review credit reports more often and 35% don't want to spend money on credit reports (without realising that free credit reports are available).
A further 14% are scared to see what their reports say and 24% just don't matter. WalletHub results lead to many misunderstandings, apathies and anxiety about credit reports. Loan reports are too important to leave your worries and ignorance behind so that you cannot assess your real creditworthiness.
Take advantage of the many ressources that are available to help, either on-line or personally through credit consultants and finance consultants. Don't put your credit reports aside just because you're scared of the results, don't have enough spare or find them too complex. With MoneyTips you can review your creditworthiness and view your credit reports for free within a few moments.