A Federal law was enacted in 2003 that gave everyone the right to see his or her own credit report. If interested, you can get an absolutely free credit report online. Make the request, authenticate your own identity and you will be allowed to see your credit report.
It is important to know what’s in your credit report. It determines whether or not you can get a home loan or buy a car. A good credit rating earns you lower interest on the loan. You can check yours by contacting one of the three major credit bureaus, The are Equifax, Experian and Trans Union.
Get your free copy every year. You can stagger the requests and get one every four months from one of the three bureaus. If interest rates and insurance eligibility aren’t important to you, consider identity theft. This is a growing crime. If you check your credit regularly, you can see if your identity is being used within months. Avoid the credit disasters some people have been placed in.
One man had his identity stolen and the thief used the information to buy a house. He sold that house and kept all the money. The criminal bought a car and opened credit cards and spent thousands more. The victim was left with that tangled mess and had to pay a lawyer to help him get through it.
One identity thief stole her own sister’s name. She was pulled over for speeding and the officer issued a ticket. The girl used her sister’s name and information from her driver’s license. The were close in age and looked pretty much alike. The imposter then neglected to pay the fine. The amount increased over time. When the victim was stopped a year later, the police officer found she had a warrant and he arrested her. She not only spent a night in jail, but also paid the huge fine that had accrued. She also needed an attorney to get her record cleared.
The innocent sister was stopped one day for a broken headlight. The officer who was writing up a warning ticket, checked for warrants and found one. He wouldn’t believe it was her sister who had used her identity. The bewildered woman was arrested and spent the night in jail. She too had to pay attorney’s fees to get out of jail and ended up paying the imposter sister’s fines to put an end to her nightmare. If only she had accessed her absolutely free credit report online. She might have known sooner and avoided her arrest.