Free Credit Reports

The Fair and Accurate Credit Transactions Act (FACTA) of 2003, an amendment to the Fair Credit Reporting Act (FCRA), included a provision that credit bureaus must allow consumers one free credit report every twelve months. The website created for the purpose of providing access to these free reports is AnnualCreditReport.com. This site is actually a hub which will guide you through the process of getting your reports from each bureau in turn.

The Better Choice for Credit Repair

From a credit repair point of view these free reports are not ideal. Each is in a unique format and relatively lacking in clarity. A better option for credit repair purposes is a tri-merged report, which incorporates all three bureaus and is designed to be easy to read. If you join our service we will provide you with a link to the best low-cost tri-merged report available.

FCRA Credit Report Restrictions

Credit repair businesses cannot order credit reports for their customers. The Fair Credit Reporting Act (Section 604) prohibits the credit bureaus from furnishing credit reports to third parties for any reasons outside of the FCRA definition of “permissible purposes” which include determination of credit worthiness, underwriting of insurance, and employment screening.