What Laws Dictate Credit Reports?
The 2003 Fair and Accurate Credit Transactions Act, an amendment to the Fair Credit Reporting Act, was passed to help prevent identity theft and ensure people have fair access to credit opportunities. By law, you are entitled to receive a free credit report from Experian, a free credit report from Equifax and a free credit report from TransUnion each year. The government has set up a website at to facilitate the issuing of these free credit reports. The law encourages you to look over your information to see that it is complete and accurate.
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