On December 4, 2003, President George W. Bush made the Fair and Accurate Credit Transactions act a law. This law allows all Americans to have access to one single free copy of their credit report annually. This law came to be because of the increase in identity theft. It also came into be because citizens wanted free access to their credit reports.
Right now, all citizens of the United State have the option of acquiring a free copy of their credit report from one of the three major credit reporting agencies, Equifax, Experian and TransUnion. This single credit report is important to individuals in the United States because the report determines whether or not they are a good credit risk. A credit report is used by just about every lending institution and major credit card company.
If you want a copy of your valuable credit report you can get in touch with a credit reporting agency by checking the following sites:
These websites are easy to use and the sites will show you how to get a free printout of your credit report.
It may be easier to go to www.annualcreditreport.com, or www.freecreditreport.com
In order to get your credit report. You only have to follow a few simple steps and then you will need to answer a few simple questions to answer in order to determine your identity. If everything that you input on the website matches what is in the official records of the credit bureaus, you will receive your credit report and you will be able to view it on your computer screen. You also have the option of saving the credit report to your PC and you can print it out whenever you would like.Most people believe that the FACT act is the single most important legislation enacted by United States government that has come about in a long time. Before the FACT act came into play, an average person would have a great deal of difficulty contacting credit reporting agencies and obtaining their credit report and it would also cost them a fee to obtain a copy or their report. Until the fee was paid by the consumer, the credit report would not be sent to the customer. Fortunately this is no longer a problem for the consumer.
Legislators were all in agreement when considering the FACT act. They agreed that the citizens of the United States should have complete access to their credit reports and other information concerning them and their finances. They agreed that it was a basic right of all citizens to know what credit reporting agencies were saying about them. Today every citizen of the United States is capable of obtaining a free credit report.
There is no longer a charge for your credit report and it is important that you exercise the rights given to you under the FACT Act. The loans available to you are based solely on how companies rate your credit worthiness.
Get more information on where to get consumer credit help as well as learning tips on how to improve your credit report rating when you visit http://www.creditlegalrepair.com , the premier online resources on credit legal repair and debt consolidation.
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