Knowing Where You Can Get Free Credit Reports

HOLLYWOOD, Fla., Nov. 9 /PRNewswire/ -- As the credit crisis worsens,
financial analysts recommend consumers to consult reliable credit reporting
agencies and check their scores regularly.

Many aspects of people's everyday lives are influenced by credit scores, from
regular credit card applications, employment, or even mortgage loans.
Financial bureaus are essentially delivering services needed by consumers,
employers, as well as creditors to make decisions. They compile and monitor
credit consumer activities and provide access to consumers whenever they need
it.

TransUnion, Experian, and Equifax, three of the biggest financial bureaus
today, collect and keep personal details of consumers. Details such as
employer, income, addresses or any previous arrest records are kept for
reference to the credibility and reliability of consumers.

After passing of the FCRA or Fair Credit Reporting Act, consumers were
provided with easier access to an annual credit report. Providing
opportunities for consumers to check on their credit scores or credit standing
assists them in making proper decisions pertaining to the financial aspects of
their lives.

An amendment to the FCRA, the Fair and Accurate Credit Transactions Act
(FACTA), allows consumers to obtain a free credit report from each of the top
three financial bureaus.

Choosing the right bureau will depend on your location and service
arrangements. By consulting these agencies and regularly checking on credit
reports, consumers can easily see which aspects require their attention and
proceed to make the necessary credit repair.

Access to these credit bureaus have been made easy through the years, however,
consumers are warned to be cautious of emerging fraudulent companies. As of
2008, almost 10 million people fell victim to this crime, which was a 22%
percent increase from numbers reported in 2007.

Experts advise consumers to take caution and uphold identity theft protection
when dealing with unfamiliar companies. Checking the credibility of a company
prior to providing pertinent information is necessary to reduce possible
identity theft.

Reliable financial companies are ones likely to provide extra counseling,
security, as well as privacy along with their services. On the other hand,
companies that rush customers for payment are best avoided.

To ensure safety and protection from identity theft, and at the same time,
obtain a reliable credit report, visit http://www.free-credit-reports.com for
more information.

SOURCE www.free-credit-reports.com

Roman Shteyn, 1-888-408-4597, media@free-credit-reports.com