Credit Reports Are For People Of All Ages
Credit reports are an import financial instrument for people of all ages. It's not just for young people trying to get credit for the first time or for when you want to make a big purchase like a house or a car. They are also import for people who are the greatest risk of identity theft, that's the elderly.
Credit Reports For Seniors
Many seniors spent their entire life building great credit and can fall victim to identity theft. It's important for seniors to check them credit reports at least once a year, mainly to see if anyone has taken their identity and started to abuse the data. Their great credit can be destroyed in a matter of weeks. We've heard stories of people using other's identity to obtain loans to buy houses, cars, jewelry and other expensive items. Then they sale the items and pocket the cash. When the banks come looking for their money, they go to you, not the guy who stole your identity.
How do I get a free credit report?
You can get one free credit report from each of the three major credit bureaus once a year. There are website where you can get them all at one time. The three main credit bureaus are TransUnion, Equifax, and Experian.
Be careful when a website offers a Free Credit Report, because many offer a free credit report, but then they sign you up for a monthly subscription and charge you lots of money over time. Read the fine print before agreeing to a "free" credit product and make sure you know what you are really signing up for in the long run.
Free credit scores
Many sites offer generic credit scores that are not FICO score lenders use, so the data might not be relevant at all. If you're planning on making a major purchase, make sure you check your official FICO Score and not just some junk data sold by an online shister.