American consumers are now entitled to have one free transcript of their credit report per twelvemonth from each of the three major credit reporting agencies. Equifax, Experian, and Trans Union are now all required by law to supply to you a transcript of your credit report. This is good intelligence for consumers; delight read on for further helpful information.
As of September 1, 2005, the federal Fair Credit Reporting Act (FCRA) necessitates that the three national credit reporting agencies supply one free copy of your credit report to you annually. You make not need to reach the three reporting agencies separately to obtain your reports, instead you can tell them online at www.annualcreditreport.com; Oregon by calling 877-322-8228; or by completing the Annual Credit Report Request Form and mailing it in.
The mailing computer address is:
Annual Credit Report Request Service
P.O. Box 105281
Atlanta, gallium 30348-5281
The online word form is available here: www.ftc.gov/credit.
If you need transcripts more often, you can reach the three reporting agencies and petition transcripts directly from them. You will be charged for any reports over and beyond your 1 free annual report.
To purchase a transcript of your report, contact:
What is the best manner for you to profit from the new law? Thats easy: order transcripts of your reports from the companies on a four calendar month rotating basis. Most consumers will happen this method to be adequate as it will allow for you to compare reports from each agency. Naturally, if you already surmise fraud you will desire to tell all three reports at once and advise each agency to put a "fraud alert" in your credit file.
There are also respective private companies who will get a clasp of all three transcripts of your credit report for you as well. There are fees involved, but you may happen their services to be less of a fuss than contacting the three companies separately.
In summation, the new law is a fillip for consumers. Published reports bespeak that many credit reports incorporate errors in them; this law gives you the chance to rectify "their" mistakes by setting the record straight and at no cost to you.