Free Weekly Credit Reports Still Available Until April 30

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Free Weekly Credit Reports Still Available Until April 30

As COVID-19 wreaked havoc on the US economy, new scams appeared, with criminals intending to prey on those who had already been harmed by the epidemic. As a result, the three main credit reporting agencies—Equifax, Experian, and TransUnion—have begun providing customers with free weekly access to their credit reports until April 30, 2021.

Key Takeaways

  • You may acquire free copies of your credit reports from all three major credit agencies every week until April 30, 2021.
  • You should be able to view each of your credit reports for free once every 12 months.
  • Regularly reviewing your credit reports might assist you in detecting inaccuracies and fraudulent activities.

Why It’s Worth Checking Your Credit Report

Your credit report is a vital sign of your financial well-being. It might be difficult to get loans or credit cards if you have poor credit. You will wind up paying greater interest rates if you do. In many places, car, homes, and even life insurance prices are all increasing.

The Consumer Financial Protection Bureau warned of an increase in coronavirus-related frauds early in the epidemic. Criminals may attempt to steal your money, credit card information, Social Security number, or all of the above, depending on the hoax. 1

Someone who obtains your Social Security number may create fake accounts in your name. In most circumstances, though, the only way you’ll know (until the bill collectors start calling) is to check your credit report.

To help customers be more careful about identity theft, the three main national credit agencies started giving free credit reports every week until April 2021. Previously, individuals were entitled to one free credit report from each agency every year.

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While reviewing your credit report will not prevent a cybercriminal from stealing your information and using it for nefarious purposes, it will assist you in detecting fraudulent accounts early on, before they have the opportunity to negatively impact your credit score due to missed payments or high balances. If you discover any incorrect information or proof of probable fraud, notify the credit bureau as soon as possible. The processes for doing so are detailed on the websites of all three agencies.

While you may get copies of your credit report over the phone or by mail, seeing them online at AnnualCreditReport.com is the simplest and quickest option.

Also, certain free credit monitoring services, such as the one provided by Experian, will give you with real-time notifications when changes to your credit report, such as new queries and newly created accounts, occur.

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