Free Financial Statement

Why is it important for you to check your credit standing? Well there are a number of important reasons to stay up to date with your credit report and financial statement. Most of which can have a huge impact on your future financial standing.

There are three main credit bureaus that supply credit financial statements, Equifax, Experian and TransUnion. Every creditor may not pass on your credit information to all three credit bureaus. They may only report to one. So, if you get a copy of your credit financial statement from just one of the bureaus you may not see all that is being reported about you to the credit bureaus. This is why you need to get a copy of your report from all three credit bureaus.

This is what is called tri merge credit report information. You do not have to order a credit report from each bureau. You can get a free financial statment and scores all in one from many online sources.

The credit bureaus have different scoring models for different kinds of purchases. You typically will find a consumer score, a car loan score and a mortgage loan score. If you retrieve a free financial statement from an online service it will most likely contain all three scores in one within a free trial offer. Take advantage of these to know where you do stand financially.

Other reasons to stay up to date with your credit financial statements are that there may be items posted to your credit statements that do not belong to you. This is very common if you are a Jr. or Sr. or have a very common name.

Random creditors accessing your financial statement can negatively impact your overall rating, BUT ordering your own credit statement DOES NOT count against you. Also requests for possible employment purposes DO NOT count against you. Basically what counts against you are inquiries into your credit for “new credit arrangements.”

By all of us keeping track of where we stand with the credit reporting agencies we can get a leg up and improve our overall credit report and bureau scores. While there are a number of trusted sources for free financial statements over the internet, we highly recommend the following free online service. Act now and get protected!