Free Credit Report Gov - FAQ
Many have chosen to view their credit files online but have questions about the process of obtaining a free credit report gov and score for free. Some of the most commonly asked questions and the appropriate answers are provided below. Click on the links below if you would like to immediately reach the section you're interested in.
SECTION #1: Free Credit Report & Scores
Q: Why are these vendors giving away a free trial of credit monitoring?
A: Many consumers don't realize how valuable credit monitoring is until they've tried it. These vendors will therefore obtain your free credit report during their free trial. Once you experience the free trial, they believe you'll want to continue with this essential service. If not, there's no obligation. You can cancel anytime during their free trial period.
Q: If the trial offer is for a certain number of days, why do they need my credit card number?
A: These vendors require a valid credit card number should you decide to continue your Credit Monitoring service after the free trial is over.
Q: What is Credit Monitoring?
A: Your credit report is constantly changing-stay informed and guard against identity fraud with Credit Monitoring. Depending on the vendor, you could receive:
- Unlimited access to your credit report with analytical tools.
- 24-hour email notification of critical changes to your credit files.
- Toll-free, easy access to specialists. Cancel anytime if not satisfied.
- ID theft insurance.
Q: Why is it important to monitor my credit?
A: Monitoring your credit allows you to look for errors that may appear on your report, as well as unauthorized changes that may indicate fraud. With the growing threat of identity fraud, it's important to make sure that your credit is closely watched.
Q: What will my report look like?
A: Your credit report will contain your personal information, account history and an account summary, inquiry information, public record information, and creditor information.
Q: What is a credit score?
A: A credit score is a number used by lenders as an indicator of how likely you are to repay your loans. Your credit score is generated by a mathematical formula utilizing the data from your credit report. Lenders have been using credit scores as part of the lending decision for more than 30 years.
Q: How do I cancel?
A: Simply telephone the various Customer Service toll-free number of the vendor you want to cancel and a service professional will cancel your free trial subscription.
Q: When can I cancel?
A: You can cancel with no obligation during the free trial period.
Q: What if I like the service?
A: Do nothing - you will be billed at the end of the free trial period, and then every month from your initial order date. Keep the service as long as you like, or cancel at anytime.
Q: How many times can I try the Credit Monitoring trial?
A: Usualy these free trial programs are available once with these vendors.
SECTION #2 - 3 Bureau Credit Reports & 3 Credit Scores
Q: How is a 3-bureau credit report different from a single-bureau credit report?
A: The 3-bureau report & scores includes your complete information from all 3 US credit bureaus - Equifax, Experian, & Trans Union. A single-bureau report contains your information on file at one of those 3 bureaus.
Q: Why is my credit report and score different among the 3 bureaus?
A: When creditors report information to the credit bureaus, they can choose which bureau(s) they want to report to. Some report to only 1, whereas many report to all 3. When a creditor chooses only to report to 1 or 2 of the bureaus, the remaining bureau(s) will not have access to, and therefore will not include, that account information in your report. Similarly, the credit bureaus do not share information and may report information that is inconsistent with the other bureaus.
Q: Why is it important to check my credit report & credit score at all 3 bureaus?
A: When creditors, landlords, and potential employers check your credit history, they can pull your credit report & credit score from any bureau(s). Some only check 1 bureau; some always check all 3. By checking all 3 yourself, you'll be prepared no matter which bureau(s) they go to.
Q: I wasn't able to receive my 3 Bureau Online Credit Report or the transaction failed. Was I charged?
A: You shouldn't be charged if your 3 Bureau Online Credit Report wasn't delivered. If you were charged, contact the vendor immediately. These vendors normally do not charge your card if:
- (a) they weren't able to process your request;
- (b) you do not pass their authentication process;
- (c) any of the 3 credit bureau systems are down.
Please note that when you complete the order process, your credit card may be authorized for a charge by these vendors, but that does not mean that it has been charged.