It is the right of every consumer to get free annual credit check at least once a year from the 3 major credit bureaus. A credit report is a document stating your financial history or record. It has all the accounts you have on your name plus the loans and mortgages that you have taken out. It also specifies whether or not you are delinquent or diligent payer.
Annual credit reporting also allows you to check if the information about your financial standing is accurate. The consumer should request for a free credit report in order to obtain one.
There are different ways to request free credit reports. These include:
t the back of the Annual Credit Report Request brochure is a request form that you can fill out and mail to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.
Before 2003, annual credit reporting came with a fee. But when the Fair and Accurate Credit Transactions Act was passed, the 3 major credit bureaus namely Equifax, TransUnion and Experian were required to provide consumers with a free credit report once every year.
Stated in your free annual credit report are the following:
In order to ensure that your yearly free credit report is accurate and up-to-date, it is important to check your credit report regularly. This will also avoid future errors since disputing credit report is quite a lengthy process.