3 Free Credit Reports For You

If you were to state person that they can have got a certain point for free, more than than likely their response would be, “what’s the catch?” In the lawsuit of credit reports there is no catch, you can now get a free transcript of this report through the three credit reporting agencies: Equifax, TransUnions, and Experian. Let’s take a expression at the law and how you can profit from it.

An amendment to the federal Carnival Credit Reporting Act (FCRA) necessitates the three national credit reporting agencies to supply one free transcript of your credit report to you annually. Beginning on December 1, 2004 and culminating on September 1, 2005, the Federal Soldier Trade Committee is requiring that these agencies offer reports on a rolling, form in basis. In other words, on December 1, 2004, if you dwell in certain western states you became eligible at that clip and every three calendar months later further states were added. By September 1, 2005, occupants of all states are eligible.

Fortunately for consumers, you need not reach the three reporting agencies separately to obtain your free credit report. You can tell right online at www.annualcreditreport.com; Oregon by calling 877-322-8228; or by completing the Annual Credit Report Request Form and mailing it:

Annual Credit Report Request Service
P.O. Box 105281
Atlanta, gallium 30348-5281

The word form is available online where you can publish it out and mail it in: www.ftc.gov/credit.

If you need transcripts more often, you can reach the three reporting agencies and petition copies. You will pay for this service.

To purchase a transcript of your report, contact:

Equifax
800-685-1111
www.equifax.com

Experian
888-EXPERIAN (888-397-3742)
www.experian.com

Trans Union
800-916-8800
www.transunion.com

There are also private companies who will obtain all three transcripts of your credit report for you as well. There is a fee involved, but you may happen their services to be less of a fuss than contacting the three companies separately.

So, how can you profit from the law? By ordering transcripts of your reports from the companies on a four calendar month rotating basis. Most consumers will happen this program to be sufficient and it will allow for you to compare/contrast the reports of each agency. Of course, if you already surmise fraud you will desire to tell all three reports at once and advise each agency to put a "fraud alert" in your credit file.

All in all, the new law is a large win for consumers. Take advantage of this "windfall" as soon as you go eligible to make so.