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Don't Fall Prey To The "Free Credit Report" Lure

The Federal Fair Credit Reporting Act was amended, requiring each of the national consumer reporting companies, to provide you with a free copy of your credit report, at your request, once a year. TransUnion, Experian, and Equifax are the three companies required to do so. Don't pay for your credit report, or get lured into joining a paid program, get it free. Beware of so called free reports. There is only one FTC recognized source: Annualcreditreport.com
The FTC has received many complaints about other programs. Thousands of people were lured by deceptive marketing into paying for services related to obtaining a free credit report. If you ordered a credit report between November 1, 2000 and September 15, 2003 you may be entitled to participate in the FTC settlement. More information can be found at The FTC Site These manipulative practices put people with bad credit at even greater risk for financial trouble.
Do not contact the three nationwide consumer reporting companies individually, They are only providing free annual credit reports through one outlet. Contacting them directly will get you nowhere. They have a form you can fill out to request your free credit report. Do not use forms found on websites other than annualcreditreport.com. These forms will most likely result in you being enrolled in a "free trial" program, which will cost you money in the long run. Be sure to steer clear of these dubious offers.
You can find out all the information you need through the comprehensive MyCreditBusiness.com.

You will need your name, address, SS#, and birth date, plus you will be asked to answer a question only you would know the answer to (for security purposes). In the past people were not entitled to view their credit information, they had to pay, or qualify based on certain activity within the credit report. Today the nationwide free annual credit report is mandated by the FTC. Don't miss out on the chance to see what is in your credit report, and head off any trouble before it can effect your financial future.

By: Gus E. Parker

Gus Parker, EzineArticles.com Expert Author