Free Online Credit
Scoring and Identity theft
Having a bad credit report can cost you a place to
live and a job. Try moving into an apartment or buying
a boat and not being able to show good credit. How is
one supposed to change their credit without using credit?
You can't. You have to prove your credit even if it’s
damaged. That is why we recommend credit reports to
check up on the status of your credit all the time.
According to a Public Interest Research Group survey,
79% of credit reports featured errors which
is nearly four in five, suggesting that the odds are
strong that your credit report isn't as clean as it
should be. Even worse they found that 25% had
serious errors which is bad enough to lead
lenders to refuse you credit or employers to refuse
you a place to work when you need it most, including buying a house
or car. A bad credit score can even be the cause of
some people not being able to open a bank account.
Watch for Scams.
There are many online credit scams that claim to give
you a free credit report. Be sure and read the fine
print and make sure it is not just for some special
niche. We at Banklady have picked a known company to
provide our credit reports and they offer free trials
or paid credit reports, depending on what level you
want the "Free" credit report is a credit
report that is for thirty days free then they charge
you if you wish to continue the credit card billing.
There are also credit report companies, Clear Credit
for example, that give you a free credit report only
if you sign up for their credit repair service which
bills you for each error found on your report. We recommend
our credit report or one that you have to actually pay
for and find out about your credit. Your credit is something
that you cannot take forgranted so make sure you get
the best report from the big three. By law the big three
are supposed to grant you a free credit report each
year but its more hassle to write in to each agency
when all you have to do is sign into a credit report
website and have it all done online. If you are applying
for a loan, your lender normally gets a credit report
for you so you can check lenders
and save money on a credit report this way as well.
Watch for Identity Theft.
With the growing and record-breaking news of identity
theft on the rise, and more and more information
on the internet we certainly recommend ordering a credit
report at least every six-months or a year. If your
wallet has been stolen, or if you think you left your
credit card receipts at a gas station; there are many
ways people scam the system.
Always Double Check Receipts - No
matter how small they are! You do not want to get ripped
Make sure you keep every receipt and double check your
credit card statements, do this to even avoid businesses
or restaurants taking advantage of you. One visitor
said "my waiter ripped me off and wrote a tip for
ten dollars on a $23.19 tab." This was not authorized
and because she kept her receipt she immediately called
the credit card company and got the charges reversed.
Use a trusted company when obtaining credit
We use one of the Worlds largest banks or credit reporting
agencies to insure we get credit monitoring and credit
reporting without having to worry about the information
going out to the wrong person resulting in ID Theft.
Through our partner of Citibank we offer
a free credit report online for 30 days and if you forget
to cancel it is only $12.95 a month which is cheap compared to most offers you see for credit monitoring. It is a small amout to
pay to prevent theft of your identity or possible bad
marks on your credit rating.
First read about how to oder Credit Score the free way instead of paying and find out your
credit score and how you stand before you apply for
a loan or personal credit line. You can order your report from the "big three" credit bureaus free and
just pay if you choose to continue after a 30-day trial
period. To Sign up for this service all they need is
your credit card number and personal credit information.
Credit Report Learning Center :