The Importance Of Checking Your Credit Reports While Serving Overseas
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It’s important not to underestimate the importance of good credit. Good credit is what will enable you to buy the car, home or business that you want -- either now or after you leave the military. If you’re serving overseas, you’ll want to make sure you maintain that good credit and the way to do that is by checking your credit report.
What Is A Credit Report?A credit report is the report compiled by the three credit reporting bureaus, TransUnion, Experian and Equifax, that tells lenders how good a credit risk you are. This report can be requested from one of these bureaus once a year for free, or within 90 days of someone having checked your credit.
Why Is It Important To Check Your Credit Report While Overseas?It’s not always easy to keep track of all your credit card bills while serving overseas. Your credit report will tell you how much outstanding debt you have, whether you’ve been delinquent and by how much, and of special importance, will let you know about any unauthorized or fraudulent charges on your cards. With identity theft and credit card fraud running rampant in today’s world, this is critical information.
Problems With Checking Your Credit Report While OverseasUnder FACTA, the Fair and Accurate Credit Transactions Act of 2003, all citizens are able to access their credit report free once a year through AnnualCreditReport.com. Unfortunately, military personnel serving overseas are not able to access this website. However, those interested in getting a free copy of their credit report who serve overseas do have recourse. They can write to the Annual Credit Report Request Service at P.O. Box 105283 Atlanta, GA 30348-5283, or call 1-877-322-8228 to request a copy of their credit report, which will be mailed to them wherever in the world they are stationed.
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