Tuesday, March 25, 2014

The More You Know - Free Credit Reports by LAW


"Federal law requires each of the three nationwide consumer credit reporting companies - Equifax, Experian and TransUnion to give you a free credit report every 12 months if you ask for it. They also make it easy to accomplish many credit-related tasks right from your computer."

    Many people don't know it, but by federal law, everyone is entitled to one free credit report from each of the three credit reporting bureaus once per year. 

    That's right - totally free - and not from some company that advertises free reports on TV. Sorta makes you wonder how they pay for those commercials if they're giving you what you can already get for free, doesn't it? It probably means their reports really aren't free.


    To claim your once yearly FREE reports, please visit Annual Credit Report. You will need to request one from each bureau, one at at time, but they make it easy to do it on the website. You will need to verify your identity by answering a couple of multiple choice questions, but that's it. Don't worry, it's stuff you'll know.

    Remember, you can request them once per year, from each bureau - Experian, Equifax, and TransUnion. Don't forget to share the information with your family and friends who may not know. It makes zero sense to pay for something the government provides to you for free.

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