Monday, April 27, 2009

Annual Credit Report

One is not oblivious of the fact that the credit score and the credit report are a very significant part of one’s financial life. It is of immense importance that one keeps track of his credit report especially in today’s stressed out economy.

The annual credit report provides one with all his credit dealings and activities. The annual credit report is made available to the American citizens by three credit reporting bureaus

• Equifax
• TransUnion
• Experian

On request a free annual credit report is provided to those who request for it every year.
A credit report takes into account all the credit dealings done by the particular individual or a firm. The credit activities such as personal loans, car loans, home mortgages are encapsulated in the annual credit report. Other than this, foreclosures, bankruptcies and tax liens are also mentioned in this report.

The Fair Credit Reporting Act (FCRA) and the Fair and Accurate Transactions Act (FACT) have made it mandatory for the three credit reporting bureaus to provide the individual with a credit report. However the credit scores are not provided to the person in these annual credit reports.

To avail to this facility one needs to provide his personal details like name, address, Social Security number, and date of birth. Once these details have been provided you will be asked something about your credit dealings that only you have the answer for. This way one can get a credit report and can help protect identity thefts as well.

Various websites on the internet also help the American citizens by providing the annual credit report. provides the American citizens with a credit report and a free credit score.

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