Before the The Fair and Accurate Credit Transaction Act of 2003, or FACTA, consumers had to pay $9.50 for a copy of their credit reports from the three credit reporting bureas; Experian, TransUnion and Equifax. Now, you can conveniently request for your yearly free credit report gov or from the government. This is a benefit that you now have and should take full advantage of to raise your credit score. Take note that the free annual credit report does not include a credit score, it can be purchased as an added service. Here are the things that you should know about the yearly free credit report gov:
How can I request for my free annual credit report?
You can request for your free annual credit report in one of three ways; phone, internet or by mail. There is a central unit that the three bureaus have established to give out free credit reports. You can reach them through the website annualcreditreport.com, a toll-free hotline with the number 1-877-322-8228 or send your request by mail to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. If you wish to send a request by mail, be sure that you fill out and include in the mail the Annual Credit Report request form.
The Federal Trade Commission or FTC advises consumers that the best and safest way to order their credit report is by mail.
What is the fastest way to order my free annual credit report?
You will be able to access your free credit report almost immediately through the website. But be sure that you save a copy of it on your computer because you might only be able to access it once. Once you log out, you can’t access it freely again.
How long will it take for a credit report requested through mail or phone?
If you sent your request by mail, it will be sent to you within fifteen days upon receipt of your request. If you requested through the hotline, it will be sent out within fifteen days as well. Your credit history report might take longer to get to you if more information is required in order to verify your identity.
What information is required in requesting for a yearly free credit report gov?
The four basic identifiers that you are required to give are your name, address, date of birth and Social Security number. Don’t be surprised if you will be required to provide a previous address or other information only you know of such as insurance, mortgage and loan details, this is for added security. Credit card details are never required so be extra careful with this information especially when requesting for your credit report online. Double check that you are on the authorized website because there are countless others that offer free services.
The FTC asks consumers to take extra precaution when dealing with website that claim to offer free credit report and score. Some will simply steal your personal information so don’t give out your credit card details to anyone and others will give you inaccurate information and charge you for their service.