Every United States citizen is entitled to a free credit report through Equifax, Experian, and TransUnion. Increased security protocols over the years have enabled citizens to apply for the reports online, and not merely by telephone or postal mail.
The Federal Trade Commission shares citizen rights and provides background on the importance of the information contained within each credit agency’s report.
A credit report includes information on where you live, how you pay your bills, and whether you’ve been sued or arrested, or have filed for bankruptcy. Nationwide consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home.
While you may be familiar with AnnualCreditReport.com to receive free credit reports, I wonder how acquainted you are with the agencies’ social media initiatives.
Did you know, for instance, that Equifax and Experian offer webinars? Or that TransUnion is the only agency on Twitter and Equifax is the only one on Facebook? I didn’t know these facts, so I recorded a short video about the companies and provide my reasons why Equifax is on top. You may be surprised why I say that. Enjoy.