When financing for a home purchase or mortgage refinance, you’ll need to know your credit. Lenders will look into your credit report to determine your creditworthiness, the interest rate to give you and the loan amount.
The Fair Credit Reporting Act is an United States federal law (codified at 15 U.S.C. § 1681 et seq.) that regulates the collection, dissemination, and use of consumer information, including consumer credit information.
The Fair Credit Reporting Act allows you to receive a free copy of your credit report from the top three credit reporting bureaus. This report is provided at no cost to you and can be requested every 12 months.
Annualcreditreport.com is a website jointly operated by the three major U.S. credit reporting agencies Equifax, Experian, and TransUnion. Annualcreditreport.com was created in order to comply with their obligations under the Fair and Accurate Credit Transactions Act (FACTA) to provide a mechanism for American consumers to receive a free annual credit report.
To obtain a free credit report, consumers register with the website and provide their basic identification information, such as name, address and social security number. You are not required to give their credit card.
Consumers are then sent to the website of the individual credit reporting agency they select, where they are asked additional security questions to confirm their identity before getting their report.
A consumer can request reports from all three agencies at the same time or stagger the requests throughout the twelve month period as a way to self-monitor their credit data.
Credit inquiry does not affect credit score. Using this service does not lower the consumer’s credit score, as it counts as a soft credit pull. However, hard credit pulls made by lenders, such as applying for a loan, directly affect the borrower’s credit score.
Mailing address:
Annual Credit Report Request Service
P.O. Box 105281
Atlanta, GA 30348-5281
1-877-322-8228
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