A lot of people say that nothing is free in this consumer-driven community. Usually, when we see an advertisement for free credit information, it includes a big catch. But here are a few places to go where you are able to get credit data that really is totally free. Source for this article: Free financial services that truly are
Read the fine print
Customers need to be careful when they are looking at getting free financial information. Most of the time, they will be automatically enrolled in the program, as the fine print disclaimers will typically say.
The services listed below, however, are true to their word. They offer useful information with no hidden fees attached.
All three credit agency reports
TransUnion, Experian and Equifax are three credit reporting agencies that you are able to get your credit rating from. Federal law requires them to release the report to consumers every year for free. If you would like your free report without any strings attached, the federal government site AnnualCreditReport.com is where you should head.
Credit scores for free
Often there is a catch when a site offers to give you your credit rating free of charge. CreditKarma goes to TransUnion to get your score. You give them your last four Social Security digits, full name and address and they give you the score without any charges or disclosure of private info.
According to founder and CEO of CreditKarma Kenneth Lin:
“We’re not going to sell your data. We’re not going to spam you. And we’re not going to charge you. We don’t even ask for a credit card number. It’s completely free."
The site, however, will match the customer's profile with marketing advertisers. Users of the service do have to put up with email ads. If the user opts out of emails, they will be presented in the form of display ads. But the business will not sell the user's financial data or share it with any of the advertisers.
If you are not too worried about your social security number, you can go to CreditSesame also. This company needs the full number, although using it means you get to see your scores from Experian. Those are two ways to see your scores from two different agencies for free.
Watch your credit score
With CreditKarma, you can have your credit monitored for free. It is the first service provider to do that. You will only get it monitored with TransUnion numbers, but it is still a fantastic service that people pay to have.
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The service is not as comprehensive as one that checks all three reporting bureaus daily, but it provides some level of protection for no financial outlay. As with credit score reporting, the service demands only a name, address and last four Social Security digits.