the "Fair and Accurate Credit Transactions Act of 2003" took effect on
March 1, 2005, giving all consumers the right to obtain a free copy of
their credit report for each of the three major credit-report agencies
(Equifax, Experian, and TransUnion) annually. If you have not already
done so, you may log on to
www.annualcreditreport.com to request your free report or send in a
written application. This application may be used to make requests to
all three major reporting agencies.
Each agency puts together its report differently, so it's a good idea to
check all three and stagger them throughout the year. Errors on your
credit report are expensive because they can translate into higher
interest charges when borrowing money. Report any inaccuracies
immediately to the credit reporting agency that made the error. Here is
the contact information:
entitles consumers only to a free credit report…not a free credit score.
Your credit score may be obtained from these same agencies for a fee
ranging from $15.95 to $17.95 per agency. Note that your credit score is
based on the information in your credit report. If you want to have your
credit score changed, you need to review carefully the information
contained in your credit report.