Report A Year From All Three Major Credit Reporting Agencies?
Q: Is it true that California residents are entitled to one free credit report a year from all three major credit reporting agencies? Someone told me this is true, but I've never heard of that being the case.
A: -I have not heard of that rule. But I'm no expert so it could very well be true; are you, perhaps, referring to legislation that passed very recently? As far as I know, you still have to pay a fee (I don't know if there's a cap set by federal regulations). I'm surprised Experian gave out free reports for as long as it did. -So it is a good idea to get yours periodically even if just to check for errors. Or just before you apply for a loan to make sure everything is correct. -Can I still get a credit report even if I have no debts? -Experian used to give out one free report per year. EquiFax and TransUnion never did, which is why Experian stopped. Now you have to pay a fee which varies by state (I paid $8). You also are entitled to a free one if you are denied something on the basis of your credit report (credit, employment, etc.).
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