Free Credit Reports - Why it is So Important to Get Your Credit Report For Free?

By Matthew Couch

Free credit reports are becoming widely available due to the increase in credit reporting companies that all claim they will give you a credit report for free. This statement is true but consumers should be aware that credit reporting companies are a business and all businesses main goal is to make a profit. So how do they profit if all they do is give away free credit reports?

Well, the way they make their money is by trying to enroll consumers in their credit monitoring services. To get a credit report for free, consumers must sign up for a 7 day free trial of their credit monitoring service. While this service can be valuable to protect against identity theft, it is not necessary for everyone to enroll. If you just want your free credit reports then this article will help you find the most legitimate companies.

If you have never gotten free credit reports then you are really taking a gamble. Identity theft is on the rise and a recent statistic found that someones identity is stolen every 3 seconds worldwide. You could be one of those cases and yet have no idea without getting a credit report for free. There's really no excuse for not accessing this important information seeing how it is free and your credit score is your lifeblood for financial stability.

Even if you are confident that you don't have any problems with your credit rating, errors are frequently made to credit reporting agencies and your credit rating could be adversely affected without any fault of your own. Free credit reports will tell exactly what your outstanding debts are and information on how to settle disputes and get your credit back on track. If you don't utilize this service and get a credit report for free, then you may never know what the lenders look at to evaluate your financial credibility.

To get a free credit report online check out the following link:

Get a Free Credit Report Online

Matthew Couch is a graduate student of The Ohio State University Fisher College of Business where he majored in finance. His areas of specialization include e-commerce, financial markets, and the payday loan industry. His goal of the majority of these articles is to educate consumers on financial subjects. Hopefully my years of experience in the financial industry will help consumers make wise financial decisions.