Federal governments of most countries have made provisions for enabling people to acquire a free credit report by law. This move was essential as employers usually referred to credit reports for verifying personal details. A slight mismatch of information could eliminate the chances of employment and left many individuals confused about the rejection.[br]
To identify the reasons, individuals had to apply for a credit report at a premium. Often the mismatch was a result of a clerical mistake or wrong information sent by the creditors. Keeping pace with such situations, governments introduced laws that required a free credit report to be given by all the leading credit agencies at least once a year.
Free Credit Report by Law: USA
The US government has made provisions for one free credit report each from all three leading credit agencies: Equifax, TransUnion and Experian. People may visit Annualcreditreport.com to request for a free copy of their credit report from all the three credit agencies.
One can ask for free credit reports online, over the telephone or in writing. A smarter way of requesting free copies is to enquire about the credit agency that the company refers to and then ordering just one copy from that credit agency. This way one can save the other free requests for later use.[br]
Free Credit Report by Law: Canada
The Canadian government allows all the citizens to get any number of free copies if the request is made in writing and the report is requested through mail.
Free Credit Report by Law: UK
There is no provision as such in the UK. However, the leading credit agencies offer a 30 to 60 days free trial that includes delivering a free credit report.
Annualcreditreport.co.uk is a website that facilitates free credit report for UK citizens. This site doesn’t require any credit card information. Thus, there is no need to cancel any trial periods unlike the credit agencies websites.
Free Credit Report by Law: Australia
Australian consumers have the right to order free credit reports by writing to Veda Advantage or Dun and Bradstreet. These credit agencies reply within ten days of your request.
For other countries, one should contact the local government sites for more information on free credit reports by law.
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