Credit report is one of those things that play an important role in one’s life which is used by several banks and other lenders while granting loan for a person. It is therefore essential for each and every person to know the importance of a credit report and this can be done by creating awareness among the people. Credit report is a report prepared by three major credit bureaus such as Equifax, TransUnion and Experian based on certain factors such as the outstanding debts, late payments and etc. of a person.
It is now possible for the people to get free credit report from the three credit bureaus and check for any errors in their credit history.
Many sites are present on the net with which people can apply for a free credit report and check it for any discrepancies at least once in a year. In order to keep them away from identity thieves and to not become a victim of identity theft, people need to make use of credit monitoring facility offered by some of the identity theft prevention firms available on the net. Identity theft is becoming very popular among United States because most of the Americans are found becoming a victim to it. Identity theft can be prevented in many ways and one such way is to go for a credit monitoring service.