About Equifax Free Online Credit Reports

A credit report is one of the easiest ways to track your financial history. It lists each creditor you owe money to, your payment history, and any delinquent accounts. Other creditors and employers use credit reports to make decisions about issuing new credit or hiring you to work for their company. Equifax's free online credit reports provide you with multiple ways of viewing your personal credit history. You'll instantly be able to compare information and monitor changes.

Significance

Equifax's free online credit reports offer many consumers a way to monitor their credit status. Knowing your current credit status can help you find the best deals when it comes to buying homes, cars or other major purchases. Free online credit reports offered by Equifax allow you to view any past or current creditor information. It also lets you know what companies or employers are prying into your credit history. Each time someone accesses your credit report, Equifax will display their details.

Function

Monitor your credit history for inaccurate information. With Equifax's free online credit reports, each creditor will be listed for you to view. The contact information, amount owed and payment history will be displayed in a readable format. Having regular access to your credit report also helps you to prevent others from hijacking your personal or financial information.

Features

Use Equifax's free online credit reports to fix incorrect information that appears in your credit history. Incorrect information can have a negative effect on your credit history. With an online credit report, you'll have instant access to a list of companies or employers that request your credit report. Calculate the entire amount you owe to past and present creditors by analyzing your Equifax's free online credit report.

Misconceptions

One of the biggest mistakes you can make when it comes to your credit history is not to monitor it. Identity thieves are constantly stealing valuable financial and personal information from unsuspecting victims. Take the time to review your Equifax credit report at least once a year. It's your responsibility to save yourself from an unwanted situation because of an incorrect credit situation. It only takes a few minutes to gain access to your credit report.

Expert Insight

Make a list of all of your past and present creditors. Compare it to your Equifax free online credit report. If there are accounts listed that you don't recognize, take the time to locate the contact details of these companies. Browse through all of your past and present bills to compare some of the details. Occasionally, unfamiliar accounts on your credit report are a result of company name changes. After comparing the information, if it still doesn't look familiar perform a search for contact details of the companies and call them.