Certainly, you shall now receive your credit report without paying a dime. And not like earlier, now it’s truly out of cost. No longer do you’ve to register for a “free” credit report by signing up for “credit monitoring protection service” for a low yearly charge of $79 a year! The days of dodging the annoying charges and service fees for a free credit report are over.
Under the 2003 Fair and Accurate Credit Transactions Act, you have the power to demand for a free set of documents of your credit statement within a 12 month period from the big three credit statement bureaus (Experian, Equifax and TransUnion).
The aim of this latest government bill is to make sure that Americans have the right to keep informed about what these three credit reporting bureaus tell about you not having to pay for it. Because identity theft, cheat and errors are very general today, why should you’ve to spend for a copy of a report to attack back against these problems?
Here are the 3 methods to get your free annual credit report:
The three credit reporting agencies have designed a website to ask for your annual credit statement.
1) Go to www.annualcreditreport.com
2) Dial (877) 322-8228 to request your free credit statement.
3) Complete a form from the Federal Trade Comission, mail it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.
If you go directly to the three agencies or utilize any other type of facility you might end up having to spend or sign up for the subscription facilities I mentioned above! Make sure you use any of the 3 methods I have provided to get your annual free credit report.
You can obtain the statements from all 3 departments together or stagger the statements from every during the course of 1 year. The benefit of staggering the reports that you receive is to maintain record of how any critical modifications in your financial picture influence what is on your credit report. For instance, if you plan on getting a second mortgage over the next year, or requesting for student loans, ect. it may be wise to get a report prior and after these critical events!
This new Act does not replace the other methods you can take benefit of to receive a free credit statement. If you are applying for unemployment or been rejected a loan, or require a credit statement in order to obtain a job, you still have the right to get a free credit statement.
Take advantage of this new government regulation and make sure all of the details given by all three credit reporting agencies are flawless. Any errors or omissions can lessen your credit results and finish up costing you a lot of price when you request for any sort of credit.