This article will explore the various forms of credit reports and look into how you can request free credit reporting from your banks. It will also delve into the issues of credit card reports. At one time or another you will have to borrow money from a financial institution in order to finance a personal or institutional venture. Normally the credit will attract interest. In order to track your credit with the financial institution you will need an annual credit report that will reveal details of your credit transactions. This will be helpful in securing future loans and for record purposes. The bank is mandated to give you your free credit report that you can compare with yours. However you should only take credit for improving your financial security i.e. assets and not for a liability such as buying a car.