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Credit Report - Credit File

Want to know what others a saying about you? You have the right to know not only what's in your report, but to require the 3 major credit bureaus verify and correct any inaccuracies as well.

You are entitled by law to a free copy of your credit report if you have been denied credit, or your credit history was a factor under the following circumstances:

If you have been denied insurance coverage
If you have been denied employment

Additionally, new legislation was recently enacted, Fair and Accurate Credit Transaction Act of 2003 which allows consumers to obtain a free copy of their credit report form the 3 major credit bureaus: Equifax, Experian and Trans Union as highlighted below:

Fair and Accurate Credit Transaction Act
FACTA

On December 4, 2003, the Fair and Accurate Credit Transaction Act ( FACTA ) was enacted by Congress for the purpose of insuring accurate credit reporting by the major credit bureaus. Among the many provision by this act, which is an amendment to the Fair Credit Reporting Act ( FCRA ), is the provision allowing consumers to obtain a free copy of their credit report once a year. Previously, you could only obtain a free copy of your credit file if you were denied credit, insurance coverage, turned down on a lease, or a job if credit was a factor.

The FTC proposed a regional roll-out over a nine month period beginning December 1, 2004. Under this plan, consumers from the following states will be eligible to receive a free copy of their credit reports: Western states (Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming) ; June 1, 2005, Midwestern states (Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin) ; September 1, 2005, Eastern states (Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Vermont, Virginia, and West Virginia) along with Puerto Rico and all U.S. territories.

Additionally, the FTC proposes that a central clearing house be established to help facilitate requests under this new law.

You can contact the 3 main credit bureaus at the following: credit bureaus

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