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One of the provisions of FACTA, passed in 2003 as an amendment to the Fair Credit Reporting Act (FCRA), was a requirement that each of the three credit reporting agencies provide, upon request, a free credit report every twelve months to every consumer. The goal was to allow consumers a way to ensure their credit information is correct and to guard against identity theft.[2]

Accordingly, the three major credit reporting agencies, Equifax, Experian, and TransUnion created the joint venture company Central Source LLC to oversee their compliance with FACTA.[3] Central Source then set up a toll free telephone number, a mailing address and a central website,, to process consumer requests. Access to the free report was initially rolled out in stages, based on the consumer’s state of residence. By the end of 2005 all U.S. consumers could use these services to obtain a credit report.

Companies participating[edit]

Currently these companies are required to participate in the website:

Companies not participating[edit]

Use of website[edit] requires users to register with the site and provide their basic identification information, such as name, address, and Social Security number. The user is then sent to the website of the individual credit reporting agency they select, where they are asked additional security questions to confirm their identity before getting their report.[2] A consumer can request reports from all three agencies at the same time or stagger the requests throughout the twelve-month period as a way to self-monitor their credit data.[2] In order to obtain a free credit report, users are not required to give a credit card number but establishing an account is required by some of the agencies. Any inaccuracies or signs of identity theft may be dealt with using the mechanisms provided for under the FCRA and FACTA.

Over a two-year period from December 2004 to December 2006, 52 million credit reports were issued to consumers through According to the Consumer Data Industry Association, fewer than 2 percent of the reports reviewed by a consumer resulted in a dispute in which data was deleted from the report.[4]

Credit scores are not included in free credit reports obtained from For a fee, each of the credit bureaus offer credit scores as an add-on feature of the report.


Credit inquiries effect on credit scores[edit]

Using this service does not lower the consumer's credit score, as it counts as a "soft" credit pull. "Hard" credit pulls made by lenders directly, however, do affect the borrower's credit score.

Third-party fraud attempts[edit] is the only federally mandated and authorized source for obtaining a free credit report. The Federal Trade Commission cautions consumers to be aware of "impostor" websites that have similar names or are deliberate misspellings of the real name.[2] Such impostor websites include websites with titles like[5]

In order to investigate this concern, the consumer group World Privacy Forum has made two studies regarding Their July 2005 study found that there were 233 domains with names very similar to, of which 112 routed users to a variety of unintended destinations, including for-fee services, "link farms" and pornographic sites. The report concluded that the credit reporting agencies and the Federal Trade Commission needed to do more to rein in and shut down impostor sites. A follow-up study from RentPrep found that of the original 112 routed links, only six currently remain.[6] [7]


  1. ^ "Can you join a class action suit if you use Equifax's free identity theft protection?".
  2. ^ a b c d "Your Access to Free Credit Reports". Federal Trade Commission. September 2005. Archived from the original on 21 December 2007. Retrieved 2007-12-21.
  3. ^ "Credit Reports and Credit Scores". Esperanza USA. Archived from the original on 2007-09-30. Retrieved 2007-12-21.
  4. ^ "Credit Reports: Consumers' Ability to Dispute and Change Inaccurate Information" (PDF). Consumer Data Industry Association. Archived from the original (PDF) on 2016-03-04. Retrieved 2009-05-28.
  5. ^ "Monitoring Your Credit Score and Credit Report - Personal Finance -". Retrieved 2016-05-22.
  6. ^ "Second Report on and Related Issues" (PDF). World Privacy Forum. July 19, 2005. Retrieved 2007-12-21.[permanent dead link]
  7. ^

External links[edit]