Free Credit report is a statement of credit activities of an individual. People take loans and mortgages and all the credit transfers, investments are recorded in this yearly issued credit report. One can obtain credit report free of cost per year through internet. There are various websites which provide annual credit report free of cost. Credit reports are basically compiled by CRA i.e. consumer reporting agency. They keep record of one's credit, loans, and investments and provide the report annually on the request of the consumer. There are various local credit companies whereas worldwide there are three major credit bureaus. There is also a term called credit rating which is based on the credit reports and data.

The credit report free of cost per year can be seen by placing request to the CRA. The ratings help the person in getting better financial opportunities whereas a bad rating can limit one's financial flow. Credit ratings can be protected by paying one's loans and taxes on time. These credit ratings help the person from financial crisis and hence one should maintain a good credit rating and must not take heavy loans which are difficult to pay back. There are basically some rules created by the credit bureau according to which one can only see the credit report in particular circumstances.

Creditors who have provided credit to a person can see these reports, employers for providing employment to someone or promotion, insurers who provide insurance facilities, government agencies, and anyone who wants to start a business and has potential credit balance can see the annual credit reports. One can also subscribe free credit report per year for their personal purposes.

These credit reports per year of free are also provided at the time of legal formalities and requests or orders passed by court. One can see their free credit report per year on net. For creating a credit report the CRA make an enquiry from those who have provided financial support and loan to you. These free credit report per year include information regarding personal details like name address, birth certificate, company, employers, phone number etc. apart from this there are credit information regarding loans, mortgages, investments and other financial records. Along with this there is also public record information and recent updates included in the report. One can obtain their credit report by visiting the website of credit bureau. One can also get the contact number and address of the credit bureau, through which one can place a request for the free credit report per year.