Blog

Free Credit Reports Through April 2021

Jun 3, 2020, 15:45 PM
Free Credit Reports Through April 2021

 

By law, everyone is entitled to one free copy of their credit report every year from each of the three main credit reporting agencies. The three national credit reporting agencies are now giving people weekly access to monitor their credit report — for free – through April 2021.

 

Free Credit Reports Through April 2021

The Federal Trade Commission has posted a blog article, "Credit Reports are now free, every week," reporting that the three national credit reporting agencies—Equifax, Experian, and TransUnion—will provide free weekly credit reports via the www.AnnualCreditReport.com portal through April 2021. The Commission said that the three reporting agencies are making the free reports available to allow Americans who may be anxious about their financial well-being during the COVID-19 pandemic. Your free credit report doesn’t list your credit score, so you can find that with the help of Metro Credit Union through online banking or on your mobile app. Metro Credit Union will update your FICO® Score quarterly and remember that viewing your FICO® Score will not affect your score - so visit the site as often as you want.

 

Importance of Credit Score

Importance of Credit Score

When applying for a business or personal credit, the first thing that matters is your credit score. Your credit score tells banks or other lenders what type of borrower you are, how well you’ve repaid loans in the past, and how likely you are to repay a loan in the future. Not only can your credit score determine whether you get a loan, but it can also determine how much you pay in interest on the loan. A better credit score can save you hundreds or even thousands of dollars in interest.

 

Learn more about the importance of reviewing your credit report and credit scores as well as what you can do to increase your credit score from an earlier blog by Metro Credit Union.

Metro Credit Union- Your Local Advantage ®