All About Monthly Credit Reports
Now you know all the aspects of a monthly credit report and should understand the benefits, advantages and purpose of a monthly credit report. Many companies are going to come at you offering you a monthly credit report, some of them will be legit, and others not. One thing to keep in mind is that very rarely will you get continued service of free monthly credit report services, even though that could be touted in many of the sales letters of these companies. If you want a monthly credit report, you'll have to open up your wallet and pay for it.
There are several different ways that you can get monthly credit reports, and for different reasons. One way that you can obtain a monthly credit report from some companies is by opening up another credit card. If you have problems paying off your current debt, however, it probably isn't the best route to take. That's because you could get sucked into having even more debt that you had in the first place, and that's not going to get you anywhere good fast.
For some people, the above example works well if you are trying to get a free monthly credit report. While in the end it's not exactly free because of the interest paid and fees paid on the usage of the credit card, as long as you are paying off your monthly balance you'll not only be building your credit rating better but you'll also be getting that monthly credit report for free. Different credit card companies have different terms and conditions, but many of them now offer this "free" instant monthly credit report as a bonus added to their service package.
In the USA, there are 3 major credit agencies that keep track of your credit score and reports. These three companies are Experian, Equifax and TransUnion. While you can pay or get "free" credit reports from these companies through different 3rd parties, you can also get one for free every year. This service is by the government of the USA, and it's available once a year to all residents who want a no strings attached free credit report. While it's not monthly like some people want, it does keep you up to date with no hidden costs.
Many companies offer a monthly credit report as an addon or sort of bonus to some other type of service. Those could range from protection to security services.