Residents of Minnesota and other Midwestern states can now request a free annual copy of their credit report or ask questions at www.annualcreditreport.com or by calling 1-877-322-8228. .
A credit report contains information about your use and repayment of loans and credit cards. These reports are compiled by three large credit bureaus, and are then provided to a lender when you apply for some form of credit.
Your Credit Union and most financial institutions use credit reports to help us make decisions about the loans we make. We take other factors into account, but credit reports are an important tool.
Most credit reports are accurate, but errors to happen. Information is not always updated quickly and details about one person occasionally get placed in another's file. Worse, victims of identity theft are often left with inaccurate credit records that take years to correct.
For these reasons, we recommend that members obtain their own credit reports to check for potential problems. Until now, these has been a charge for these reports. We suggest that you obtain a free copy of your credit report annually. Check the accuracy, and contact the credit bureau if something is not right.