About Equifax Free Online Credit Reports

Video Transcript

"I'm Roger Groh. Today we are here to talk about free credit reports available through Equifax. If you have gone to borrow money in the past, the fact that you have borrowed money and the fact that you have made your payments on time or have not, have all been reported into data bases. One of the biggest companies in that business is Equifax. The US Government has required Equifax and other companies that track credit reporting history to provide to you the borrower for free copies of what they have. The easy way to do this is to go to their website, equifax.com and there is a link in here that shows you directly how to do it. If the data is right, no problem. If the data is incorrect there is another link in here that enables you to change it. So the question is how to use it. Well by looking at your own credit you can determine whether or not the data that they have is right did you in fact make your payment late or not? It could be you made your payment on the 30th of the month but the bank didn't book it until the 7th of the month. Well that is not your problem, you did the right thing. The bank is late and the credit reporting company gets it on the 7th, it looks bad and it's wrong and you now have the legal right to go and require them to change it so go to equifax.com. It is spelled out pretty clearly in there and you can take a look at your own credit history and it is free. I'm Roger Groh."