Free Online Credit Reports from Experian, TransUnion and Equifax Weekly Now Through April 2021
The three major credit reporting bureaus, Equifax, TransUnion and Experian are now offering free weekly online credit reports through April 2021.
Previous to this change, you could only access three free credit reports annually.
With this change, you can keep a much closer eye on your credit report to watch for any irregularities that may negatively affect your credit score.
You can access your free, weekly credit reports via this link, or by Googling “Annual Credit Reports.”
Just be aware, the free credit reports do not provide a credit score. Typically, you’ll be solicited once you receive your free credit report to pay a certain amount (usually around $20) to get your credit/FICO score.
There are better, free in most cases, ways to get your credit/FICO score, though.
Free Credit Scores
In addition to its now weekly, free credit reports, Experian allows you to sign up, free of charge, to see your FICO score. Just be aware there will be plenty of sales pitches within the Experian process. But to get access to, and check as often as you please, your FICO score…that’s absolutely free.
Additionally, there are two online options for checking a close approximation of your FICO score…otherwise known as a FAKO score…Credit Karma and Credit Sesame. You’ll need to create accounts for each and input personal information so that your credit information can be accessed to provide you your FAKO score. Both have been around for a while and are as safe as any online repository can be. I have used both for years without issue.
And, over the past few years, more and more credit card companies have begun offering FICO scores to cardholders for free. American Express, Barclays, Discover and Capital One provide cardholders free FICO/FAKO scores, while Chase and Citibank provide scores to holders of specific cards. If you have a credit card from one of these banks, sign in to your account to see if this benefit is available to you.
Free Credit Reports/Scores Wrap Up
Having access to both free credit reports and credit scores is a powerful tool for maintaining your financial well-being.
The reports can show you activity, both past and present, pertaining to your financial actions.
And your credit score can show, in one number, how those actions are affecting your personal financial health.
Being able to check both on a more regular schedule for the next year is definitely a positive when it comes to ensuring your finances remain in order.
