Introduction
According to the Fair Credit Reporting Act (FCRA), each of the nationwide consumer reporting companies- Experian, Equifax, and TransUnion- are required to provide with a free credit annual report at least once a year. A credit report will include information on your address, how you pay your bills, your criminal history (if any), and if you have filed for bankruptcy.
Step 1
These nationwide consumer reporting companies will provide the information in your credit report, at a fee, to insurers, creditors, employers, and other business that may use that information to evaluate your application for insurance, credit, employment, or renting a house. It is therefore important to keep tract of your free credit annual report, to ensure that it is accurate and provide with you base through which you can make improvements on your credit history.
Step 2
In an effort to provide their services to their clients, the three nationwide consumer reporting companies have set up a central website through you make a request for a free credit annual report. They also have a toll-free telephone number and mailing address through which you make a request for a free annual credit report. You can either make a request to each of the nationwide consumer reporting companies concurrently, or you can order a report from the companies individually.
Step 3
In order to obtain your free credit annual report, you will be required to provide some personal information to the three nationwide consumer reporting companies. These will include your name, social security number, address and date of birth. If you have changed your address within the past two years, then you may be requested to provide the previous address.
Step 4
If you make request for a free credit annual report over the internet, you should be able to get immediately. If on the other hand you make a request through their toll free number or by mail order, your report will be processed and mailed to you within 15 days.
Step 5
Under federal law, you are also entitled to a free credit annual report if a company takes adverse action against you, such as denying your application for insurance, credit or employment. However, you are required to make a request for the free report within 60 days of the receiving the notice of action. The notice should be able to provide with the name, address, and phone number of the consumer reporting company that produced the report.
Tips
If by some chance you happen to notice some errors on your free credit annual report, you are required to inform the consumer reporting company and the information provider, who should make the necessary amendments to your report. You should make this request in writing, after which the consumer reporting companies should investigate the contentious items in question within 30 days of the complaint.
Sources and Citations
When the investigation is complete, the consumer reporting company is required to provide you with a free credit annual report, if the dispute results in a change in you credit report. The updated report should contain an accurate assessment of your credit history, minus any errors that had appeared on it originally.
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