Disadvantages of Seeing Your Free Credit Report Online

There seem to be as many disadvantages as advantages to seeing your free credit report online. The disadvantages of seeing your free credit report online include the fact that you will have to pay a company if you wish to view your credit report online. So you are in effect paying to view something that is yours, which often does not seem fair. Other disadvantages of seeing your free credit report online include the simple fact that you get an annual credit report anyway.

The annual report is free, too, so why bother filling out forms and surveys and giving out sensitive information to obtain a "free" credit report that essentially gives you the same information as your annual one? This is a big disadvantage of seeing your free credit report online; of course, the companies will try to counter that by offering you other incentives, but some of these incentives are not worth the price.

More disadvantages of seeing your free credit report online include the use of a credit card to even see your credit report. We all understand that this is the best way to verify yourself and to confirm that you are who you say you are. But there must be other ways to become a member without the use of a credit card. Maybe they can think about these for the future. When deciding if you want to view your credit report online, you must weigh out the advantages and disadvantages of seeing your free credit report online.

You have to remember that it is only free for 30 days; after that, you will have to start paying to use the website. If you are not concerned about your credit score, then you won't need this service; and it will probably be a bigger hassle than it is worth. Instead you will be better off with your annual report that you receive from a credit-reporting agency. At least you wont have to fill out mountains of forms and enter into contracts to obtain it.