Free Credit Report: September 1st

No, this is not a post about spam. This law will actually be in effect in the northeast starting September 1, 2005. The three major credit reporters (Equifax, Experian and TransUnion) have set up one site (www.annualcreditreport.com) to comply with the Federal Trade Commission's 2004 decision. This may come in handy for those of you looking to apply for loans for homes, schools, etc. It's also not a bad thing to check your credit everyone year (Also - here are a few ways to quickly bump up your credit if you need to be approved soon).Here is what the FTC's site had to say:

"... Soon you’ll be able to get your credit report for free. A recent amendment to the federal Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files of the nation’s consumer reporting companies. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the FCRA with respect to consumer reporting companies..."

Happy credit score searching! And don't say I ain't never givin' you anything!