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An Equifax credit report may be one of the most important statements in your possession. Employers, landlords, and someone borrowing money rely on background credit as the primary, and sometimes only, source of information that determines their ability to borrow money and own a home. While everyone is entitled to a free annual credit report under federal law, perusing your credit report once each year may not be enough to maintain the accuracy of your credit history. The amount of money you can borrow, the level of interest rates that will be attached to this money, and many other personal financial statistics are affected by the credit report. With an Equifax credit report, this information is available whenever you need it.
If you pay all your bills on time and have no history of bad credit, you may wonder whether an Equifax credit report is necessary. However, the importance of checking the accuracy of your credit report should not be underestimated. As the flow of online traffic increases daily, the possibility of identity theft becomes more realistic. If you access your credit report and believe some information is incorrect, you could be catching potential identity theft. As the frequency of your spending increases, so do your chances of becoming a victim. Order your Equifax credit report to ensure personal protection.
An Equifax credit report costs about $10 — a small fee for self-awareness about your financial standing. There are two other major credit reporting services in the country: Experian and TransUnion. All these three companies do the same thing; However, your credit report may differ with each of these bureaus. Because Equifax, Experian and TransUnion collect information and statistics from a variety of sources, many people request credit reports from each service. After you request your Equifax credit report, examine the numbers closely. If there is a discrepancy, it is a good idea to request a credit report from all services to ensure that your credit information is accurate.
Requesting an Equifax credit report via the Internet gives you instant access to this report. It may take longer to receive your report through the postal mail. For just $10, you can see which companies have viewed your credit report and understand any reasons why past decisions may still be affecting your ability to borrow money. Other services provided by Equifax include a credit ranking system, a valuable tool that allows you to compare your credit ranking and score with those of other individuals in your area. By understanding these averages and statistics, you will be able to better understand your position. For peace of mind and personal security, check your Equifax credit report.
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