Credit Reports And Credit Report Checks
When Should I Obtain My Credit
You can carry out your own credit card credit check by requesting
a copy of your credit history report (Uk) or credit score (US).
This is important, since your credit score report will contain vital
information about your credit card history and you need to be
sure that any credit information is accurate.
If there are any errors on your credit history files, you are
then in a position to launch a credit report dispute.
It is advisable that you do a credit card check at the very least,
every year or so and especially if you plan to apply for any
further credit card credit or other type of finance. You should
also do a credit check prior to making any large transactions or
even before changing your job.
Ideally, you should check with all three of the main credit
reference agencies, just to be sure that any error on one file
does not later transmit to the others. Though there may be slight
variations in the way you get credit report scores, from country to country, the procedure is in general, more
or less the same.
How To Check My Credit Reports Uk
It is always good to know what your credit card score is and
especially if you are thinking about applying for further credit.
Anyone who uses credit is entitled to do credit checks on their
credit rating, by obtaining the relevant credit information being held on them.
Under the Consumer Credit Act 1974 in the UK for instance, you
have a statutory right to access your credit reference files.
There are two ways you can get a credit report (UK). First,
you can request your credit history in writing from one of the three
main credit reference agencies, by providing them with details of
your previous addresses, name change etc.,
Requesting your credit history will incur a small fee in the region of
approximately £2 (cheque or Postal Order, which you should enclose
with your request), for each credit reference agency you submit your
Secondly, it is worthwhile noting that you can also do a credit
card check of your credit history files, by way of an online credit
report. This route will be more costly but there is
absolutely no reason you should pursue this option, since you will
be able to access all your credit card credit files without this
you can take advantage of the service to do a free credit card
credit check without parting with your hard earned cash. Here's how.
Many of the free online credit report checks or credit monitoring
services will offer a free 30 day trial. You will however, be
requested to provide your credit card details or to complete direct
debit so they can take payment from you for the service on an
Once you've signed up you can simply use the free trial to access
your credit history and then cancel the direct debit immediately
you have done so. If you don't cancel instantly, you run the risk
of forgetting and will be debited after the 30 day free trial period.
Credit Reports US
Under the federal Fact Act (US), each person is entitled to obtain
a free copy of their annual credit history from each of the three main
credit bureaus (US) - Equifax, Experian and TransUnion. There
is also the option of getting a free Experian credit report
In special circumstances, you can additionally obtain a copy of
your credit record at any time. For instance, if you have reason
to believe your file contains information of a nature that might
indicate fraud or identity theft.
You are also entitled to a free copy of your credit report,
from the credit reporting agency used by any lending institution
that turns you down for credit. You will need to apply to the
agency that evaluated your credit within a 60 day time frame.
The procedure for Canada is slightly different, in that there is
a free government publication - 'Understanding Your Credit Report
And Credit Score', which you can obtain at:
The publication is free to Canadian residents and you will be
able to order a copy.
You may request copies of your credit score reports from each of the
three main credit reference agencies. Once you have had a chance
to scrutinize the credit information held on file, you will be
better informed as to the accuracy of the data contained in your
credit score history.
If any of the credit information in your credit score report is inaccurate or is not relevant, you must dispute any
these inaccuracies in writing and ensure that your credit score
files are amended accordingly. In any case, knowing the state of
your credit history report is a good incentive for you to set about
improving your credit score
The content on this site is purely for information purposes only
and is not intended to replace your seeking professional financial
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