The sources listed below provide you with information on how to obtain a FREE credit report, learn more about your FICO score and the origins of the Fair Credit Reporting Act (1970).
Federal Law mandates that your credit report be made available to you freely on an annual basis. The three credit bureaus, Experian, Equifax and TransUnion all make your annual reports available at https://www.annualcreditreport.com/cra/index.jsp. You are able to get one free report at a time, but keep in mind your other reports most likely will be reporting data the one you recieved don’t.
Your credit report and your credit score are different. FairIsaac Corp developed the FICO score, the most commonly used credit score. The FICO score is a number between 350 and 850 that predicted how likely you are to become 90 days late on a loan. You can purchase your FICO score for all three credit bureaus, or just for one, at http://www.myfico.com.
Fair Credit Reporting Act
As credit scores became more and more important to the everyday person’s life, it became apparent that some laws governing the credit bureaus were needed. The Fair Credit Reporting Act (FCRA) is the law that governs the credit bureaus and protects consumers.
Equifax, TransUnion and Experian
The credit bureaus have a lot of helpful information on their sites about credit, and the ability to purchase reports if you have already recieved your free report for the year.
Credit Repair Oakland is a Professional Credit Repair Company located in Oakland, CA. We specialize in correcting/removing inaccurate or unverifiable negative information from credit reports with experian, equifax and transunion. We serve clients in all 50 states.