It is true you can receive a free report and credit score from them but in the registration process you are also signing up for a credit monitoring service. You have seven days to cancel your free trial upon applying for your report before they charge your credit card.
In fact, the government through the Federal Credit Reporting Act offers a way to receive a truly free credit report from each of the credit agencies - Experian, Equifax and TransUnion, once a year.
Get your Free Credit Report - http://www.creditcardbankaccount.com/
I have found that requesting a free report from a different agency once every four months offers the most versatility. Each credit agency may have recorded different information so it is important to see them all. Yet spacing them out lets you keep an eye on any strange transactions or requests that may appear. It optimizes your credit reports each year and costs you nothing.
Most credit transactions today are based on a credit score. People with high credit scores, those above 680, get preferred interest rates and repayment terms. People with low scores below 620 have problems getting financed for everyday necessities.
The difference between the scores means thousands of dollars on automobile and home loans. This numeric score even affects homeowners insurance and automobile insurance rates. The federal government realizes how important credit information is and passed a law stating that once a year every consumer is entitled to one free credit report from all three of the existing credit reporting bureaus. Every consumer should know the 3R's; request, review and report errors.
As the credit report forms a basis of your credit score, it is important the information is accurate. The credit score, after all, affects your ability to obtain loans and the interest rate you pay. Everyone wants a lower rate and an accurate report is a good way to begin.
Check your Free Credit Score Report - http://ficofreecreditreport.info
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