Consumers Can Access Free Credit Reports The FCRA (Fair Credit Reporting Act) signed into law in December of 2003 gives all Americans the right to check their credit report annually...for free. Beginning March 1, 2005, residents of Minnesota, Iowa, Wisconsin, North Dakota and South Dakota may begin requesting their free credit report from each of the three major credit bureaus: Equifax, Experian and TransUnion. Request your free credit report any of the following ways:      1. Online at www.annualcreditreport.com      2. By calling toll-free 1-877-322-8228      3. Mail your requst to:                Annual Credit Report Request Service                PO Box 105281                Atlanta, GA  30348-5281

Order Your Free Consumer Report You are entitled to receive one free credit file disclosure report every 12 months from each of the nationwide consumer credit reporting companies. It is your choice whether to order all three reports at the same time or order one now and others later. The advantage of ordering all three at the same time is that you can compare them. (However, you will not be eligible for another free report for 12 months.) On the other hand, the advantage of ordering one now and others later (for example, one report every four months) is that you can keep track of any changes or new information that may appear on your credit file disclosure report.

What to look for, When to Act

Timeliness - If it shows late payments, but you always pay your bills on time, correct the error immediately. Accounts - Make sure all the accounts are yours. Identity thieves often open accounts in your name using stolen information, and they will often show up here.

Dormant Accounts - If you notice accounts you no longer use, it might be wise to close them. They could be affecting your credit score. Credit Score - If the report does not include your credit score, be sure to ask for it. (There may be a charge.)

The Federal Trade Commission (FTC) has published a consumer brochure, "Your Access to Free Credit Reports." The brochure explains why it is important for consumers to monitor their credit history, how to report a report, how to dispute any errors, and includes a request form. For more information, visit www.ftc.gov/credit.