Under the Multiple Credit Reference Agencies (MCRA) model, TransUnion is required to provide you with a free annual credit report. Reviewing your credit report regularly helps you ensure the information reported is accurate. It also gives you an opportunity to monitor your account history to combat identity theft. Each consumer is eligible to obtain a free credit report from TransUnion once per calendar year. Existing subscribers who claim their free credit report during their subscription period will get two reports on the day they apply for the free report in their record (i.e. one from their subscription, the other is the free credit report offered once per calendar year).
When you redeem your free TransUnion annual credit report, you can still to claim your free credit reports from other appointed Credit Reference Agencies (CRA). Each CRA has a different way to present the credit report and will have their own scoring algorithms. Hence, the information in these reports can differ. Also, when you apply for credit products, for example, personal loan, credit card or mortgage, the credit provider may only pull your credit report from one of the Credit Reference Agencies (CRA).
What should I look for in my credit report?
When reviewing your credit report, please check that all the information listed is up-to-date and accurate. Here’s a brief breakdown on the items that you should verify in each credit report: