Do-it-Yourself Credit Monitoring: Annual Credit Report
Under the Fair Credit Reporting Act, you are entitled to one free credit report per year at http://www.annualcreditreport.com. (BEWARE: there are numerous free credit report services which give you one free credit report on the condition that you subscribe to a credit-monitoring service. For your free credit report with no strings attached, be sure to go to www.annualcreditreport.com.) Take advantage of this opportunity to get three free checks of your credit per year.
If you want a credit report but do not want to navigate the Internet to get it, just call 877-322-8228 and have your free credit report mailed to you. After receiving your free credit report, be sure to set an annual reminder for your free credit checkup.
Your credit record is more important than ever and it is important that the information on your record be correct. It is not uncommon to find errant addresses, misplaced accounts, closed accounts listed as open or pending, etc. Credit errors can result in higher interest rates and other unfavorable terms on loans or even credit rejection. Mistakes on credit reports could lead to adverse employment action including termination. Insurance companies are even reviewing policyholders’ credit reports when making underwriting and claims decisions. Click here to learn how to dispute errors on your credit report.
You may have valuable claims and legal rights against the entity furnishing the incorrect information on your credit report but note this area of the law is quite complex and there may be multiple defenses available to your potential claims. If you find errors on your credit report and are unable to have them corrected you should contact an experienced attorney for a consultation.
- Posted in: Consumer Law/Consumer Protection ♦ Credit Reporting
- Tagged: account, Consumer reporting agency, correct, creditor, damages, debt, debtor, Equifax, error, Experian, FACTA, Fair and Accurate Credit Transactions Act, Fair Credit Reporting Act, FCRA, furnisher, investigation, liability, Transunion