Annual Credit Report

Free annual credit reports
As a result of the FACT Act (Fair and Accurate Credit Transactions Act), each U.S. resident is entitled to one free copy of their credit report from each credit reporting agency once every twelve months. This information is available at the credit bureau-operated http://www annual credit report com. However, this report does not contain credit scores. Mostly useless consumer "credit scores", not used by any businesses, are offered for purchase at the time these reports are generated. Many other commercial websites offer free credit reports; usually these sites attempt to steer consumers to pay for related services.

Notes: Credit scores are used in determining prices for auto insurance. Recently, some of the agencies which generate credit scores have also been generating more specialized insurance scores, which insurance companies then use to rate the quality of potential customers. These scores are unavailable and opaque to consumers.

See also: Consumer Credit Bureau , Credit Rating , Credit Report , Fico Credit Score , Fair Credit Report , Home Equity Loans , Free Credit Report