Free Consumer Credit Reports On-line

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Check Credit with Free Consumer Credit Reports On-line

Free consumer credit reports on-line are a good deal and getting the credit you need is an even better deal. But in the past, the elderly and others, often had trouble getting credit. And because credit is so much a part of our lives, laws were created to deal with restrictive credit practices. Since you're able to check free consumer credit reports on-line, you can easily find out the real state of your credit.

In order to deal with certain credit problems that the elderly face, the Equal Credit Opportunity Act(ECOA) has established rules creditors must follow.

When considering income, a creditor must treat all income as the same. This includes money from part-time jobs, Social Security, pensions and annuities.
A creditor can't deny you credit if you're 62 or older and are unable to get credit-related insurance because of your age.
Creditors can't consider your age unless it's either a positive factor when you're 62 or older or if your age affects another credit factor, such as income.
A creditor can't automatically close or change the terms of a joint account when your spouse dies. However, he can ask you to reapply if he feels your income is insufficient.

With ready access to free consumer credit reports on-line, you can check that creditors are only using relevant credit information.

If you're married, make sure that any joint accounts with your spouse show up on your credit report. And if you're an authorized user of one of your spouse's individual accounts, opened after June 1, 1977, then creditors must report the account under your name too. If you're widowed or divorced and change your name, free consumer credit reports on-line can be especially important to you. Because they can help you make sure your previous credit history is transferred to your new credit report.

Free consumer credit reports on-line make checking your credit easy and they come with free 30 days of credit monitoring. To get yours please go to free instant credit reports.