#getting free credit report
By Todd Ossenfort
Dear Credit Guy,
I’ve contacted credit report companies and was told that I must pay for any credit report. You could help me in this effort by identifying the law that defines the requirements for consumers to receive a free credit report from the reporting companies.
It is so much easier to approach these people with facts and ask to speak with the supervisor. Thanks for whatever you can do.
Having a solid credit history with a credit score over 700 will open doors to money-saving opportunities — from low-interest mortgages and loans to lower APR credit cards, better insurance rates and even jobs. Here are a slew of tips that can help get you and keep you in the get and keep a great credit score.
Be aware that to receive your free annual copy of your credit report from the bureaus, the request must be submitted as above. You may not contact the bureaus directly for your free annual report.
In addition, the Fair Credit Reporting Act provides that the three major credit bureaus must provide you a free copy of your credit report from their bureau:
- If any adverse action has been taken as a result of information included in your credit report. Adverse actions would include being denied for credit, employment or housing or receiving a higher insurance rate.
- After placing a fraud alert on your credit reports or any other actions as a result of being a victim of identity theft.
- After disputing inaccurate information included on your report.
These requests for free reports should be made directly with the bureau involved.
I recommend that you check your report from each of the three bureaus each year. You will want to assure that all information is accurate and belongs to you. Keep in mind that all negative information that is correct will remain on your credit report for seven years from the first date of delinquency. Bankruptcies will remain on your report for 10 years.