Credit Reports: What You Want to Know
An important practice related to your overall financial health is to check your credit report annually. You are responsible for verifying the information being reported is accurate.
The Federal Trade Commission’s Fair Credit Reporting act requires each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months. Larger creditors report to all three companies while smaller lenders and merchants may choose to report to only one credit reporting company. Therefore, checking all three reports is very important.
To access your free credit report, you must visit www.annualcreditreport.com.
The Federal Trade Commission offers a great resource to help you understand all aspects of credit reports!