Credit Report That's Free
President of the United States, George W. Bush
on 4th December, 2003, made the Fair & Accurate Credit Transactions
(FACT) act a law which allowed all American nationals access to
one free single copy of their credit report once a year. This law
came in existence due the unabated increase in theft of identity
and the want of citizens to allow them free access to see/monitor/check
their credit reports.
As of today all the citizens of United States can
have a free copy of their credit report via any of the 1 of the
3 agencies that report credit namely: TransUnion, Equifax &
Experian.
The 1 credit report that's available for free is
an important instrument to the common man of the US as this report
is what determines if or not you can be a good risk for credit and
it is put to use by almost every major credit card companies &
lending institutions.
You have the option of getting in touch with any
touch with any of the 3 agencies Internet address at - http://www.transunion.com,
http://www.equifax.com &
http://www.experian.com for
that valuable credit report. The system is easy to use and shall
show you how to get a free print out of your credit report.
But a much simpler task will be to go to www.freecreditreport.com
or www.annualcreditreport.com.
There are simple steps where in some basic questions and individual
questions are inquired of you to determine if you are entering the
correct facts of who you are.
If all is found to be matching with their records
then in a short time that much wanted credit report shall appear
on the PC screen, it allows for you to have the option to save it
on the PC and as per wish you can also have a print out.
According to most people, this is act of FACT is
the top most legislation to have become a law over a long period
of time. Before the law came into effect the common man was always
troubled by agencies to view or have a copy of their own credit
report and would have to cough up money to gain a copy.
Until the payment was not made the credit report
would be released to the customer. To stop this harassment from
happening over and over again the law was brought into effect.
All the legislators were in agreement that all citizens of United
States had the right to have complete access to reports & info
regarding them and that they should not be stopped from such basic
right of what the agencies handling credit reporting have made about
them.
Today as times have changed each & every US
citizen can have that report absolutely free. Now that there isn't
a penny charged please go and exert your rights as it is for your
own benefit that this law have been made.
Because the availability of loans to you solely
depends on how such leading companies rate your credit worthiness.
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