Free Credit Report - Really

2005 marks the year that consumers will be able to get a free credit report each year. The roll out of the Fair and Accurate Credit Transaction Act signed into law by President Bush actually began last December 1. If you didn't know about it, don't worry. You haven't missed the boat. Not everyone is eligible to get their credit report. The Federal Trade Commission (FTC) is allowing the credit bureau's to implement the program piecemeal so as not to overload the new credit report system. Millions of consumers are expected to take advantage of the free reports.

Last December, consumers from Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, New Mexico, Nevada, Oregon, Utah, Washington, and Wyoming were able to take advantage of the free credit report. Next March, the Midwest will have access to free credit reports. The South has to wait till June, and the East must wait until September 2005.

After your eligible, you can request you free credit report from a web site, by calling a toll free number, or by requesting it in writing. The web site address is AnnualCreditReport.com. This website was created by the credit bureaus. The toll free number is (877)-322-8228, which is also (877)-FTC-HELP if that's easier to remember. The address to write to is Annual Report Request Service, P.O. Box 105281, Atlanta, GA., 30348-5281. You will not be asked to sign up for a trial subscription for a credit monitoring service after requesting your credit report.

Your not limited to one free credit report a year. You can request three - one from each of the credit bureaus: Experían (http://www.experian.com), Equifax Inc. (http://www.equifax.com), and Trans Union LLC (http://www.tuc.com). It's a good idea to request a credit report from one of the credit bureau's every four months to monitor the activity related to your credit. You do not have to request three credit reports at the same time.

Errors on credit reports can cost you plenty of money. You need to make sure your credit report is accurate before submitting a mortgage application, buying a car on credit, or even requesting a credit card. Take advantage of the free credit reports to protect your most important financial asset - your credit.

George Burks of http://www.mybiweeklymortgagepayment.com has offered a biweekly mortgage payment plan with no enrollment fee since 1999. His interest in financial topic is varied. Visit http://www.mybiweeklymortgagepayment.com to see our growing financial library. Ask about our reprint policy

---

Five Reasons to Repair Your Credit Score - You Can Do It Yourself

There are multiple reasons that tell us why we should... Read More

Borrowing on a Credit Card

One of the easiest ways to borrow money of a... Read More

Like It Or Not, You Have A Score To Settle!

Like It Or Not, You Have A Score To Settle!... Read More

ChexSystems: Alternative Options for People Whove Been Checking Accounts

Individual banks elect to become members of ChexSystems, and to... Read More

ChexSystems: Who They Are and How it Affects You

ChexSystems is a company that maintains a subscriber membership service... Read More

Beginners Guide to Credit

I remember back when I was 18 and completely oblivious... Read More

Warning: Todays Non Profit Credit Counselors Are Yesterdays Bill Collectors!

Here's a dirty secret, today's "non profit credit counselors" are... Read More

Which Credit Card?

Bewildered by the sheer variety of debit cards and credit... Read More

7 Ways To Squash Identity Theft

It is the scourge of our age: identity theft. Thieves... Read More

Warning: Free Credit Report Imposter Websites Springing Up on the Web

A recent amendment to the federal Fair Credit Reporting Act... Read More

Credit and Loan Help for Mortgage Loans

Mortgage loans are some of the most difficult loans to... Read More

Credit Score: The Brightest Feather In Your Financial Cap

Credit scores are the most important aspect that determines your... Read More

Our World Of Credit Cards! Which One Is Right For You

There are not many of us who do not have... Read More

Credit Card Security Advice

Which of the following is the biggest threat to your... Read More

Building Business Credit

Most businesses want to be able to borrow money when... Read More

Dont Fall for Credit Repair Scams

We've all seen the ads on television or in magazines,... Read More

Bad Credit Credit Cards

Chances are you've gotten your share of offers like this... Read More

Credit Help For Renters And Others On The Horizon

Sue is a homeowner and pays her mortgage and other... Read More

Credit Repair: How To Deal With Your Creditors

If you are in danger of credit problems because you... Read More

The Right Way To Credit Repair

If you have a bad credit rating, then you might... Read More

5 Ways To Prevent Credit Card Late Fees

Paying a credit card late fee is the same as... Read More

Always Avoid Payment Holidays

Once you've been paying off a credit card for a... Read More

SuperCharged Secret 5, Credit Card Utopia

LIVING IN CREDIT CARD UTOPIALet's just take a brief moment... Read More

Credit Card Companies Are Out for Your Money

You're probably thinking "Tell me something I don't know" but... Read More

Credit Cards or Store Cards - Which Is Better?

Introduction In this article, a presentation is made of the... Read More

Identity Theft ? How Can You Prevent It Happening to You?

The nightmare of identity theft strikes an estimated 750,000 people... Read More

Establishing Credit ? What You Need To Know Part 1

Establishing credit is one of the most important things you... Read More

Credit Report Hassles

There is no end to the amount of pain that... Read More

Credit Repair Myths and Facts

There are no secrets to repairing your credit. Many shady... Read More

Student Credit Cards 101

If you're a college student, you probably already have a... Read More

Credit Reporting: How Does It Work?

In order to determine a consumer's credit worthiness, creditors and... Read More

Beware the Shopping Mall Monster

Like me, you've probably been offered a fair old number... Read More

Useful Tips on Using Credit Cards

Here are some useful tips on using credit cards. Whether... Read More