You probably already know this, but since I am the last to figure anything out, I just discovered this lovely bit of news.
Thanks to a class action lawsuit against TransUnion, one of the credit reporting giants, anyone who has had a credit card within the past 20 years can receive a free credit report and score for free. In fact, you can get a copy of your report as often as you'd like for six months through their credit monitoring service, which usually costs around $60.
This differs from the usual free annual report we can all get from FreeCreditReport.com in that it offers a credit score and you can get multiple copies. Plus, it's nice to take part in shaming these folks (although they admit no wrong doing, they illegally sold customer profiles to third parties) who routinely make mistakes on our credit reports, causing all manner of headaches.
To register, go to listclassaction.com (click HERE) or call 866-416-3470. But be sure to do it before September 24th, because that's when the door on this freebie ends. Most importantly, check for errors and take action to correct them. A neighbor of mine was recently fired from a brand new job because of his low credit score. Loans, rental agreements and now employment (wrong, wrong, wrong!) all use your credit score to determine your fate. Make sure they have an accurate file on hand.
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3 comments:
Thank you much my friend..just did it! Very cool
Excellent advice! I am NOT impressed that they did that, though... it leads me to question them as a company. With something as important as your credit score you want some insurance that the people managing it are on the up and up!
Jerry
www.leads4insurance.com
Ah, nice to see my former employer get some comeuppance. I've told everyone for years about the things they do to ensure that only a certain amount of the population will have a good credit score (and the other credit agencies do them too).
Read the stuff they send out with your free credit report. Every statement contradicts itself - because they monkey with the algorithms all the time.
I used to be in meetings and be horrified at the things proposed. How our reports would be sold, our social security numbers used for data mining purposes. All kinds of products unrelated to credit were proposed as well.
Trying to get something removed from your report is HELL. They make it that way on purpose. Even if the credit reporting agency takes it off, the credit reporting agency cannot take it off of the data that is provided from the creditor. The credit reporting agency also cannot force the creditor to take it off. You can literally go in circles for years.
As you can imagine, we had a lot of stressed out people come to our facility. Many times, they had guns with them. It was crazy.
Don't live in fear of your credit score. Of course, do what you can to diminish any damage it can do to you, but don't live if fear of it. If you fear it, then they win.
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