Fair Credit Reporting Act of 2003

Fair Credit Reporting Act of 2003

http://www.freeannualcreditreportnow.com/purpose-of-credit-reports/

Acquiring free credit reports are rights of a consumer as amended in the Fair Credit Reporting Act of 2003. This was done by the government to ensure that all have the right to stay informed. It also gives Americans the opportunity to know what the credit reporting bureaus are saying about them, without having to pay for the information.

To avoid any problems, it is important to see a copy of one's credit report before applying for any credit. Errors in credit reports can happen, which can be from the result of human error or from identity theft, and these can then eventually lead to fraud.