Check Your Credit Report for Free Every Week for One Year. Here’s How.
- The three major credit bureaus Equifax, Experian, and TransUnion, are now offering free credit report checks every week until April 2022.
- Your credit report shows lenders and creditors your creditworthiness, meaning your credit report is a total evaluation of your credit history.
- A lender can review your credit report and consider your creditworthiness based on factors like assets, credit score, debts, income, liabilities, and repayment history.
The three major credit bureaus Equifax, Experian, and TransUnion, are now offering free credit report checks every week until April 2022. All three bureaus announced this in light of the coronavirus outbreak to help Americans who are experiencing financial difficulties.
What's the significance of a credit report?
Your credit report shows lenders and creditors your creditworthiness, meaning your credit report is a total evaluation of your credit history. A lender can review your credit report and consider your creditworthiness based on factors like assets, credit score, debts, income, liabilities, and repayment history.
Why should I check my credit report weekly?
A weekly credit report check is useful if you had to defer payments or put a loan in forbearance due to the COVID-19 crisis. Some lenders are willing to delay payments, along with not reporting a negative standing with your credit due to the pandemic.
How can I check my credit report?
Although you can check your credit report weekly, you may not see any changes until after your billing cycle is complete. Creditors report to the credit bureaus according to their schedule, which is typically every 30 to 45 days. Also, your creditor may not report to all the credit bureaus at the same time, so if you see a difference in your credit report from one agency to another, then it could be a delay in the update.
To check your credit report for free, visit AnnualCreditReport.com.
What if I find an error or mistake on my credit report, can I dispute it?
Yes, you can dispute any error that is on your credit report. If you have an unknown account listed under your name or suspect fraud, then you should call all three credit bureaus separately to dispute the mistake.
How can I get in contact with a credit reporting bureau?
The three major credit bureaus are offering an online COVID-19 resource and support center, here are their websites:
Equifax: COVID-19 Support Center
Experian: COVID-19 Resource Center
TransUnion: COVID-19 Support Center