The instant credit report is processed online. One can never get this report manually and it normally takes some days to process. The manual or offline credit report is obtained by ordering a copy via mail or phone to the physical address of any or all of national credit reporting agencies. Then the credit reporting agencies will process your request and give you a feedback in the next 15 days normally. A credit report is free or not depends upon the kind of request made. Basically there are three types of credit reports: annual credit report, consumer credit report and business credit report.
Annual credit report – Annual credit report is credit report maintained by all of three credit reporting agencies Experian, Exuifax and TransUnion about consumer’s credit history in US. According to Fair Accurate Credit Transaction (FACT) act, all consumers in US can get a copy of free credit report annually from all of three national bureaus via request. For all later subsequent requests, have to pay to credit bureaus.
Consumer credit report – Consumer credit report is also an account of consumer credit history offered by credit reporting agencies in US. This credit report is different from Annual credit report in the sense that it can be demanded at any time for some reason by the consumer. Consumer credit report is not free while annual credit report is offered free of cost by nation credit bureaus. So a consumer can get an instant consumer credit report online by paying for this service.
Business credit report – Business credit report is an account of the credit history of a company or a business. Like annual credit report, this credit report is not free.
So we can get one instant credit report, but can get it only one time from all of three credit reporting agencies in a year. Be careful against sites that offer to give a free copy of credit report. Only annualcreditreport.com gives the free copy of credit report.
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