Free Credit Reports Frequently Asked Questions
Monday, February 13th, 2012
To make things easier for people with respect to obtaining their credit reports without any cost, we have aimed at answering some frequently asked question.
Is it legal to procure free credit reports?
Obtaining free credit reports is hundred percent legal and the credit reports are provided by the three major credit bureaus in accordance with the Fair and Accurate Credit Transaction Act of 2003.
Where can one obtain free credit reports?
The website www.annualcreditreport.com has been set up by the three credit agencies in order to provide free credit reports to citizens. One can either send a form with his information to the address mentioned in the site or can obtain the free credit report through an email. A toll free number is also given on the site.
Will the credit reports be provided separately by each agency?
Yes, the free credit reports are provided separately by each credit bureau.
What information do I need to provide in order to obtain a free copy of my credit report?
Generally one has to enter their personal information including name, current and previous address (in case you have recently relocated), date of birth, social security number or any other information related to your credit transaction or history which might be specifically sought by the agencies.
Why does one require a copy of their credit report?
Credit reports are the basis on which one’s credit score is assessed, having a copy of the report helps in managing your credit better. Also, a lot of times there are errors on the credit report which can seriously harm your creditworthiness, to be aware of such errors and fix them is important, for which one must have access to their credit report.
By when do free credit reports arrive?
In case you have ordered it online, you should get it instantly, however if you have ordered through the toll free number or by sending a form to the mentioned address, it might take a bit longer, maybe up to 15 days.