Thursday, July 29, 2010

Experian Credit Report

Experian is one the most important credit groups that offers, among other services, credit reports at the request of creditors or consumers. Many companies looking to hire somebody new and many creditors will get Experian credit reports on the people that apply for jobs or for credits. This way, they can assess the financial past and determine whether or not the applying person poses a financial risk.

But not only employers or creditors can ask for a copy of credit report, individuals can do the same as the Experian is obliged by the state to offer this service free of charge to anybody who requests it. So for example if you’ve recently been denied a credit, you can get your own credit report and find out why you didn’t get it. And the easiest way to obtain it is either online via the internet, or over the phone by directly calling the credit group.

When asking for your free copy of Experian report, you should expect to get a well documented archive of all your financial behavior plus a lot of personal information. Everything is documented from all your addresses, your working places, what credits you took up to now, whether you were late with your payments, any bankruptcies etc. By analyzing all of this information you will discover your problem areas and you could go about fixing them to the extent that they can be changed.

You can request an Experian credit report every year and you should do so regardless if you need it or not. It is a good practice for you to always be in control of your financial situation and to close up any loose ends you might have. This yearly routine will give you an advantage next time you want to take a new credit or get a new job.

Although you’re legally entitled to receive a free copy of your credit report annually from Experian, this free report will not reveal your actual credit score. To view the actual score that the lenders are seeing, get your score (plus 3 in 1 credit report) from freecreditscore.com for a free trial.

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