You can find the information you need to judge your credit when you get a credit check free.
But in addition to knowing your credit, it's also a good idea to be aware of your credit rights.
Laws have been written to make sure you're treated in the same way as others who have
similar credit. So not only can you get a credit check free, but also a set of rights to go with
it.
When you get a credit check free, you basically get all the information that a creditor
needs to know. The Equal Credit Opportunity Act(ECOA) prohibits discrimination for who you are,
when you apply for credit. The ECOA says that a creditor may not show bias for age,
race, sex, religion, national origin, marital status or those receiving government payments. In
certain cases creditors may ask about this information, except religion, but may not use it to
discriminate.
When you get a credit check free and it shows you have a credit record separate from your
spouse, then usually it should be the only credit considered. A creditor is barred from
asking for information about your spouse unless your spouse is applying with you or will be
using the account or you're relying on the spouse's income or if you live in a community property
state. Creditors also may not ask you if you're widowed or divorced or about any plans for
having or raising children.
Although a credit check free report includes your age, it generally isn't a factor. The
only times a creditor can consider your age is if you're too young to sign a contract or you're
62 or older and the creditor treats this as a positive factor, or if your age provides context
for another factor, like length of credit history or employment.
The source of your income as shown in your credit check free report is not to be considered
by creditors. They may not discriminate against income that comes from public assistance,
part-time work, pensions, annuities, alimony or child support. And if income from alimony or
child support is not being used to qualify for the credit, a creditor may only ask about those
payments if you volunteer the information.
The information in your credit check free report is usually all that's used to qualify you
for credit. And you have the right to know if your credit application was accepted or rejected
within 30 days of submitting it. If your credit application is denied or you're offered less
favorable terms, you have the right to know the specific reason.
To get your credit check free and free 30 days of credit monitoring, please go to
free instant credit reports.
