Credit Report and the Federal Law

Dec 13


Kevin Jeffers

Kevin Jeffers

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The federal law of US, has make it easier for the people as they can now enjoy a free credit report annually from the 3 major credit bureaus.


Who does not like free stuff? Have you ever tried to get a free credit report? Well,Credit Report and the Federal Law Articles in this article we will discuss about the ways by which you can get a free credit report. You can get a free credit report from the FreeCreditReport.Com. But you have to register first! For this simply fill up the online form that will be provided to you. Some simple and basic information has to be filled up over there like: your name, address, credit card information, etc. You user name, password and personal information will be kept confidential and completely secured.

The first step for knowing the credit is to get a free credit report and free credit score. By monitoring the credit report, you can stay on top of your credit for a daily basis. You will have the clear picture of what’s happening with your credit. Credit is considered as the most important asset of a business. If you have a good credit report, then you will easily get a good lender for borrowing money at a low rate of interest. It also bars the other lenders to penalize you for a bad credit.Hence, knowing the importance of a credit report, it is also necessary to know how to get a credit report for free of cost. Let’s focus on the followings for a free credit report and associated things:

1 AnnualCreditReport.Com:

The federal govt. has passed a law which illustrates that a person should get his/her annual credit report from the 3 major credit bureaus for free. You can go to this site and collect your credit report easily. This is the best way to receive the govt.-mandated credit report for free. You do not have to contact the credit bureaus even. The same rule is also applicable for the commercial credit report.

2 What should you do if your credit has been turned down?

The federal law also illustrates that you can also get a free credit report, if you loan application has been denied by the recognized financial institutions. But, in such cases, you have to apply for a free credit report within 60 days of the credit denial. You can also get the necessary information from your lender too.

3 If you are looking for a job

If you are currently unemployed, then you can get a free credit report within 60 days before you job search. You have to contact the credit bureaus and inform them about your job hunt. They will send you a free credit report under the Fair Credit Reporting Act.

4 Receiving govt. assistance

If you are in welfare, you are also eligible to get a free credit report. Simply, you have to ask for a free credit report from the credit bureaus. 

5 Identity theft

If you are suspecting that your identity has been theft by someone else, then you are also eligible for getting a free credit report.These are the several ways of getting a free credit report for yourself. It is also important to check the credit reports thoroughly, to avoid any possible errors.

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