Yes, you shall now get your credit report without giving a dime. And not like earlier, now it’s totally out of cost. No longer do you’ve to sign up for a “free” credit report by signing up for “credit monitoring protection service” for a low annual fee of $79 a year! The days of dodging the painful charges and service charges for a free credit statement are finished.
As covered in the 2003 Fair and Accurate Credit Transactions Act, you have the right to ask for a free copy of your credit statement within a 12 month period from the big three credit report agencies (Experian, Equifax and TransUnion).
The aim of this new government bill is to ensure that Americans have the right to keep updated about what these three credit reporting departments say about you without having to pay for it. Because identity theft, fraud and mistakes are quite common these days, why should you have to pay for a copy of a report to argue back on these problems?
Some of the 3 methods to obtain your free annual credit report:
The three credit providing agencies have made a website to ask for your annual credit statement.
1) Go to www.annualcreditreport.com
2) Dial (877) 322-8228 to ask for your free credit statement.
3) Fill an application from the Federal Trade Comission, mail it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.
If you approach directly at the three agencies or use any other kind of service you may end up having to spend or register for the subscription services I mentioned above! Make sure you make use of one of the 3 modes I have provided to obtain your annual free credit statement.
You can obtain the statements from all 3 agencies together or stagger the statements from each one during the course of 1 year. The advantage of staggering the statements that you receive is to maintain record of how any major changes in your economical picture affect what is on your credit statement. For example, if you think on taking a second mortgage over the next year, or applying for student loans, ect. it might be wise to obtain a statement prior and later these critical delings!
This new process does not supplant the other methods you can take advantage of to get a free credit statement. If you’re requeting for unemployment or been denied a loan, or require a credit statement in order to obtain a career, you still have the right to obtain a free credit report.
Take benefit of this recent government rule and make sure all of the details listed by all three credit providing department are flawless. Any mistakes or omissions can lessen your credit results and finish up charging you a huge amount of money when you request for any sort of credit.