Check Your Own Credit
Your credit report has such a great bearing on your financial standing. Every time you apply for any form of credit, a company takes a look at your credit report. Sounds basic but its pretty serious. Creditors like your credit cards, utilities, and even cell phone provider (essentially any company that you pay on a monthly basis) report your account standing to the credit reporting agencies. With all these companies looking at your personal information, don’t you think you should have at least an elementary understanding of what kind of data is stored in your credit report??
Getting Your Credit Report
Before you can clearly understand what is in your credit report it would behoove you to order a free credit report from Annual Credit Report. ACR sends you one a credit report from each of the three reporting agencies; Experian; Transunion; and Equifax. You are permitted to order your credit report once a year.
An amendment to the FCRA requires each of the nationwide consumer reporting companies—Equifax, Experian, and TransUnion—to provide you with a free copy of your credit report, at your request, once every 12 months.
For details, see Your Access to Free Credit Reports at ftc.gov/bcp/conline/edcams/credit/.
How to Order Your Free Report
The three nationwide consumer reporting companies have set up one website, toll-free telephone number, and mailing address through which you can order your free annual report. To order, visit www.annualcreditreport.com, call 877-322-8228, or complete the Annual Credit Report Request Form and mail it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. You can use the form in this brochure, or you can print it from ftc.gov/bcp/conline/edcams/credit/. Do not contact the three nationwide consumer reporting companies individually. They are providing free annual credit reports only through www.annualcreditreport.com, 877-322-8228, and Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.
You may order your reports from each of the three nationwide consumer reporting companies at the same time, or you can order from only one or two. The law allows you to order one free copy from each of the nationwide consumer reporting companies every 12 months.
You need to provide:
- Complete Name
- Complete Address
- Social Security Number
- Date of Birth
Under federal law, you’re also entitled to a free report if a company takes adverse action against you, such as denying your application for credit, insurance, or employment, based on information in your report. You must ask for your report within 60 days of receiving notice of the action. The notice will give you the name, address, and phone number of the consumer reporting company.
Under state law, consumers in Colorado, Georgia, Maine, Maryland, Massachusetts, New Jersey, and Vermont already have free access to their credit reports.
For details, see Your Access to Free Credit Reports at ftc.gov/bcp/conline/edcams/credit/.
Once you get your credit report be sure to take the time to review each section carefully. Please see my post on How to Read Your Credit Report for detailed instructions.
Footnote: The data on this post was gathered from The Federal Trade Commission Website.






August 12th, 2008 at 4:06 am
I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you down the road!
May 28th, 2009 at 8:59 pm
Great post! Just wanted to let you know you have a new subscriber- me!
February 26th, 2010 at 9:16 am
As a result of the CARD Act reforms that went into effect on February 22, credit card companies are projected to incur $12 billion in annual losses. But we all know that credit card companies are far too imaginative to let this happen. The reforms require the credit card companies to give you 45 days notice before rate increases, and those increases cannot be applied to existing debt unless you miss payments for 60 days. In addition, there have been new restrictions placed on how they can market to college students under 21 years old. This all translates to nothing more than a bump in the road for card companies. Old methods of revenue generation will be replace by new ones in the form of lots of fee