Actually it’s quite simple. For several years you’ve been bombarded by commercials promoting “free” credit reports that were really just trial versions of a credit monitoring system. Websites like freecreditreport.com would lure you in with catchy advertising and a free credit report but you had to sign up for a trial period of their other services. It’s now illegal for these sites to do this, which is the government’s way to protect you from harming yourself.
I have always recommended www.annualcreditreport.com, which is a truly free service that allows you to access your credit report once per year from each of the three major credit reporting agencies. This site has also been endorsed by the government for years. I still recommend this site and will continue to do so.
You may have heard me say in the past that your credit score isn’t very important if you stop borrowing money, and that’s true. But it is still important to monitor your credit report for evidence of fraud and wrong information. Bad information can impact job search efforts and insurance premiums. annualcreditreport.com allows you to monitor these things and dispute any erroneous information for free. They won’t give you your credit score for free, but remember we are concerned about the report, not the score.Matt Wegner is a personal finance, small business and leadership coach focused on teaching his clients the tools for L.I.F.E. (Living In Financial Excellence). Learn how to live without a credit score (and debt free) by requesting a free planning session today or visit financialexcellence.net.