Deerfield Beach, FL (March 13, 2011) – American Credit Report is working to inform the public about the shocking myths and half-truths circulating about ordering your own free credit report. Are you 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 your Free Credit Score will adversely affect your 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 your request a free credit report it has zero effect on your credit score. This myth gained power due to the close tie between companies requesting credit reports when you 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 you get a free credit report for yourself 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 your 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 you and your family. American Credit Reports wants you to be aware mistakes are more common than you 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 if you do not regularly monitor your credit.
You are almost certain to know at least one person who has battled through either identity theft or false credit information. 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. Do not let this myth of low numbers of mistakes catch you by surprise. 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.
Contact:
American Credit Report
2200 SW 10th Street
Deerfield Beach, FL 33442
Website: http://www.americancreditreport.com
