The main credit reporting services – Equifax, Experian, and TransUnion – have all announced that they are now allowing you to check your credit reports for FREE on a weekly basis for the next year – instead of their one free check per year program. The main reason for this change is the number of people who have requested mortgage deferments and forbearances, which should not show as “late” or negatively impact your credit report in any way. However, we all know that mistakes can happen and by checking your credit report weekly, or even just monthly, will allow you to catch any mis-reported item sooner.
It also occurs to me that many of us are doing more financial transactions (or just browsing lots of websites) on our home computers. These home computers may not be the most secure and criminals are well aware of that fact. Keeping a watchful eye on your credit report helps make sure you aren’t taken advantage of while we continue to stay at home.
You can access your, now weekly, free credit report at AnnualCreditReport.com.
As always, feel free to email any questions you may have!