As covered in the 2003 Fair and Accurate Credit Transactions Act, you’ve the power to ask for a free set of documents of your credit report within a 12 month period from the huge three credit statement agencies (Experian, Equifax and TransUnion).

The goal of this new government act is to make sure that Americans have the right to stay informed about what these three credit informing departments tell about you not having to pay for it. Since identity theft, fraud and errors are quite general these days, why should you have to spend for a copy of a report to fight back on these problems?

Some of the 3 methods to obtain your free annual credit report:

The three credit reporting agencies have made a website to ask for your yearly credit statement.

1) Go to www.annualcreditreport.com

2) Call (877) 322-8228 to ask for your free credit statement.

3) Fill a form from the Federal Trade Comission, mail it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.

In case you go straightly at the three agencies or use any other type of service you might have to pay or sign up for the subscription facilities I specified above! ensure that you make use of one of the 3 modes I’ve provided to get your annual free credit statement.

You can get the statements from all 3 agencies at once or stagger the statements from each one throughout the course of 1 year. The benefit of staggering the statements that you receive is to maintain record of how any major changes in your financial picture influence which is on your credit statement. For example, if you plan on getting a second mortgage during the coming year, or applying for student loans, ect. it might be wise to obtain a report prior and later these critical events!

This new Act doesn’t supplant the other modes you can take advantage of to get a free credit report. In case you’re requeting for unemployment or been denied a loan, or require a credit report in order to get a job, you still have the privilege to get a free credit statement.

Take advantage of this new government regulation and make sure all of the details listed by all three credit reporting agencies are correct. Any errors or slips can lessen your credit score and finish up charging you a huge amount of money when you apply for any type of credit.