FACTA Free Annual Report

Under the Fair and Accurate Credit Transaction Act (FACTA) amendments to the Fair Credit Reporting Act (FCRA), you are entitled to a free copy of your consumer report, at your request, once every 12-months, and you can do it online. There is a Site set up by the big three credit reporting agencies in the United States, to furnish free annual credit reports, as required by federal law.
www.annualcreditreport.com/:

A lot of people with credit problems also have bank problems and can't open a checking account. If you have a checking account and want to switch banks, be sure to open the new checking account before you close the old one! That way if you get rejected by the new bank, you won't be stuck without an account. Some people aren't aware that Chexsystems keeps a credit report of sorts about your banking history, or what to do about it.

Your SCAN report is your record of returned check items with merchants and is used by stores to decide whether or not they will let you write a check for your purchases. You'll want to be sure that report is accurate!

You can request a free copy of both your Chexsystems and SCAN report at https://www.consumerdebit.com/consumerinfo/us/en/freereport.htm

TeleCheck also maintains a database of returned checks and instances of fraud. It provides check authorization and verification to member retailers.
Toll-free number: (800) 209-8186.
Web: www.telecheck.com.

Oh you might want to check your FICO score, too, since that is the magic number lenders use to accept or deny your credit applications, and it is used to determine your interest rate when you are accepted for a loan. You can a free estimate of your FICO score from Fair Isaacs at http://www.myfico.com/ based on answering a few questions. I have no idea how accurate it is, but it is free, so what the heck.


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