If you were going to tell somebody that they can have a certain item for free , quite likely their reply would be, "what's the catch?" In the case of credit reports there's no catch, you are now able to get a free copy of this report thru the three credit reporting agencies: Equifax, TransUnions, and Experian.
Let's look at the law and how you can benefit from it. A change to the Fed. Fair Credit Reporting Act (FCRA) requires the three nationwide credit reporting agencies to provide one free copy of your credit score to you annually. Beginning on December 1, 2004 and finishing on Sep 1, 2005, the F. T. C is requiring that these agencies offer reports on a rolling, phase in basis.
To explain, on December 1, 2004, if you live in certain western states you became suitable at that point and each three months later additional states were added. By Sep 1, 2005, residents of all states are qualified. Luckily for consumers, you don't need to contact the three reporting agencies separately to obtain your free credit report.
There also are non-public companies who will obtain all 3 copies of your credit history for you as well. There's a fee involved, but you may find their services to be less of a hassle than contacting the three corporations separately. So , how can you benefit from the law? By ordering copies of your reports from the companies on a 4 month rotating basis.
Most consumers will find this plan to be enough and it'll allow for you to compare/contrast the reports of each agency. Naturally, if you already suspect crime you'll want to order all 3 reports at once and inform each agency to put a "fraud alert" in your credit log. Actually , the new law is a gigantic win for customers. Use this "windfall" as soon as you become eligible to do it.
Want to know more about how to fix your credit? Visit our site to learn more.
Let's look at the law and how you can benefit from it. A change to the Fed. Fair Credit Reporting Act (FCRA) requires the three nationwide credit reporting agencies to provide one free copy of your credit score to you annually. Beginning on December 1, 2004 and finishing on Sep 1, 2005, the F. T. C is requiring that these agencies offer reports on a rolling, phase in basis.
To explain, on December 1, 2004, if you live in certain western states you became suitable at that point and each three months later additional states were added. By Sep 1, 2005, residents of all states are qualified. Luckily for consumers, you don't need to contact the three reporting agencies separately to obtain your free credit report.
There also are non-public companies who will obtain all 3 copies of your credit history for you as well. There's a fee involved, but you may find their services to be less of a hassle than contacting the three corporations separately. So , how can you benefit from the law? By ordering copies of your reports from the companies on a 4 month rotating basis.
Most consumers will find this plan to be enough and it'll allow for you to compare/contrast the reports of each agency. Naturally, if you already suspect crime you'll want to order all 3 reports at once and inform each agency to put a "fraud alert" in your credit log. Actually , the new law is a gigantic win for customers. Use this "windfall" as soon as you become eligible to do it.
Want to know more about how to fix your credit? Visit our site to learn more.
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