Free Credit Score – American Credit Report Publishes The Shocking Myths about Free Credit Report
Deerfield Beach, FL – American Credit Report is working to inform the public about the shocking myths and half-truths circulating about ordering free credit reports as millions of people are falling victim to these myths.
Myth Number One – This one myth which circulates over the internet, between friends, and even creeps into printed publications, is the belief getting a Free Credit Score will adversely affect consumers’ credit score. This myth started when credit companies indicated “high numbers of credit applications would lower your credit score and increase your risk.”
The truth is when someone requests a free credit report it has zero effect on their credit score. This myth gained power due to the close tie between companies requesting credit reports when consumers applied for credit. It appeared to be a direct correlation, but the facts indicate otherwise.
Myth Number Two – This myth is almost identical. Often people seeking employment are reluctant to give permission to a future employer to check their credit history. They cite the reason their credit score will be harmed by too many requests. If someone gets a free credit report for themselves once a year, it is easy to track how incorrect this data is. The credit report requested by companies for employment investigation or for reference purposes has no effect on credit history.
Myth Number Three – There is no need to request a Free Credit Report or free credit score every year, it is rare for mistakes to happen. This myth is the one which holds the greatest danger to consumers and their families. American Credit Reports wants consumers to be aware mistakes are more common than they would expect. Companies make mistakes, identification theft is common, and even an ex-spouse or a family member could cause credit problems which would go undetected regularly monitored credit reports.
The problem which makes the problem seem small is most people do not get a free credit report and monitor their own credit. They wait until it is too late and they are denied credit for an important purchase. Individuals must not let this myth of low numbers of mistakes catch them by surprise. They should request a free credit score or report to remain financially safe.
To learn more about these myths, or to receive a free credit report, contact American Credit Report using the contact information below.
American Credit Report
2200 SW 10th Street
Deerfield Beach, FL 33442
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