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Starting Dec 1 Oregonians get FREE copies of their Credit Reports

Thanks to a new consumer protection ACT called the FACT ACT, Starting Dec 1st Oregon residents get FREE copies of their Credit Reports. This is a win for consumers who now have to PAY each credit agency about $10 for a report (that's about $30 for all three).
Ok it's not huge news and it's not a 100% victory for concumers, but as of tomorrow (Wednesday Dec 1st) residents of twelve other Western states can get a free copy of their credit report from each of the three major credit bureaus once every 12 months. This is a small victory for consumers who would otherwise have to pay each bureau a small $9.95-$14.95 fee which (if you check all three which is usually recommended) might cost you about $30 bucks.

These free credit reports were mandated by the Fair and Accurate Credit Transactions Act of 2003 called the FACT ACT which was pushed by both the Federal Trade Commission and several state PIRG's around the county and other consumer protection groups.

Residents can request their reports from Equifax, Experian and TransUnion directly or use the new jointly operated Web site. The new law also requires the bureaus to offer customers, for a reasonable cost, a credit score based on the information in their report, along with an explanation of the key factors used to calculate the score.

www.annualcreditreport.com (the address must be typed in your browser - links to the site will not work yet) it's officially live Wednesday.

You can also request a free report by calling (877) 322-8228
or mail a request to P.O. Box 105281, Atlanta, GA 30348-5281

Ref:

 http://ftc.gov/opa/2004/11/041130freecreditrpts.htm
 http://ftc.gov/bcp/conline/pubs/credit/freereports.htm

jbk
They are not free....they collect you 30.Nov.2004 19:21

get free

They are not free...you must fill out a form that requires you give them all sorts of information about yourself. then the company turns around and sell what you tell them. This is not freedom...this is bondage

Yeah Duh 01.Dec.2004 09:12

jbk

Yeah they collect info on you, I wasn't pointing out the fact that these info collecting companies are great - just pointing out the fact that many hard working consumer activists worked hard for this law. And while it's not great, it still saves people about $30 they would otherwise pay these companies for their reports. I agree the whole practice of credit scoring and gathering is very BIG BROTHER, but that's the situation and if you want to prevent identity theft you need to check these reports.

They already have your social security number, address, all your credit accounts and loans - you are not giving them any info they don't already have...They are big brother already they don't need your help for that...

jbk

Website didn't work for me 01.Dec.2004 10:59

drone

I tried to use the website this morning at about 10:50. Got the error:

Message from the NSAPI plugin:
No backend server available for connection: timed out after 10 seconds.
Build date/time: May 6 2003 15:45:41
Change Number: 257943

Not ready for prime time? I called the toll-free number (877-322-8228) to request all three reports by mail. I was amazed by the quality of the voice recognition and voice synthesis!

Anyhow, jbk is right about this stuff. They already have my personal information and can hold it over my head. I welcomed the opportunity to let them share it with me for free and to let them go to the extra trouble to print it out and mail it to me.

website worked for me 01.Dec.2004 17:20

%

drone asked:
Not ready for prime time?

I don't think that was the problem. I visited the site last night after I saw this post. It worked fine then. I'd say the problem this morning might be they got a huge response on the first day of operation and couldn't handle the traffic.