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The Resource Center Credit Fraud & Credit Monitoring | article

What’s the Value of a Free Credit Report?

The great thing about a free credit report is that it can give you some initial insight into your credit profile. It contains a lot of information about you and your credit accounts — including institutions, your account numbers, balances, and payment history. However, unlike Identity Guard® services, a free report is just the start to knowing your credit  it’s not the whole story. That’s just one of the reason Identity Guard provides you with your credit score(s), and offers exclusive tools that help analyze how certain financial decisions may impact your credit, such as applying for a mortgage, reducing credit card debt, closing an old revolving line of credit, or financing a new car.

Remember, You Get What You Pay For
If you’re simply looking to get a simple report free of charge, the good news is the Fair Credit Reporting Act (FCRA) grants all consumers the right to request one once a year from each of the three major credit agencies — Equifax®, Experian®, and TransUnion®. However, those reports may not be complete. For instance, they might not include your credit score — an important detail that can help you understand how lenders view you, and what credit terms they may be willing to offer you. Identity Guard services, on the other hand, can provide you with a full view of your entire credit picture.

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