New Law Allows Free Credit Reports for Consumers A

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					 New Law Allows Free Credit Reports for                                                                                             POINTS TO REMEMBER
 Consumers                                                                                                                                   Free Credit Report
                          A recent           also must forward all the data you                If the investigation does not
                          amendment to       provide about the inaccuracy to the         resolve your dispute with the creditor,    To obtain a free copy of your credit report:
                          the Federal Fair   organization that provided the              you can ask that a statement of the         Annual Credit Report Request Service
                          Credit Report-     information. Upon receiving the             dispute be included in your credit                    P.O. Box 105281
                          ing Act (FCRA)     information, the creditor must review       file and in future reports. If you tell          Atlanta, GA 30348-5281
                          will entitle       the relevant information, and report        the creditor that you dispute an item,                (877) 322-8228
                          T e x a s          the results back to the credit bureau.      a notice of your dispute must be                www.annualcreditreport.com
                          consumers to       If the reporting company finds the          included any time the information          Contact the three major credit bureaus at:
                          receive a free     disputed information is inaccurate,         provider reports the item to a credit
 credit report each year. The new law        it must notify all three credit bureaus     bureau.                                                     Equifax
 allows Texas consumers to begin             so they can correct the information               Credit bureaus can report accurate               P.O. Box 740241
 receiving free credit reports after         in your file.                               negative information for seven years               Atlanta, GA 30374-0241
                                                                                                                                                (800) 685-1111
 June 1, 2005.                                    Upon completion, the credit            and bankruptcy information for ten
       This new law will make it more        bureau must give you written results        years. Information about a lawsuit                          Experian
 convenient and give consumers more          of the dispute and a free copy of           or an unpaid judgment against you                         P.O. Box 2104
 incentive to keep track of their credit     your report if it results in a change.      can be reported for seven years or                      Allen, TX 75013-2104
 history. It is a good idea to review        This report does not count as your          until the statute of limitations runs                   (888) 397-3742
 your credit report on a regular basis,      annual free report. An item that            out, whichever is longer.                                 Trans Union
 so you will be aware of any errors          is changed or deleted cannot be put               If a credit reporting agency or                     P.O. Box 390
 or unauthorized activity. Errors could      back in your file unless the reporting      creditor refuses to correct inaccurate               Springfield, PA 19064
 cause you to be denied financial            company verifies that it is accurate        information, you should file a                         (800) 916-8800
 options for which you should qualify.       and complete. The consumer reporting        complaint with the Texas Attorney
                                                                                                                                        For information on the Fair Credit
       If you find inaccurate information    company must also send you written          General’s Office and the Federal                         Reporting Act:
 in your credit report, both the credit      notice that includes the name, address,     Trade Commission.
 bureau and the reporting creditor           and phone number of the information               The new law will help you protect           Federal Trade Commission
 are responsible for correcting the          provider.                                   your credit, but beware that scam                 600 Pennsylvania Ave, NW
 information, according to the FCRA.              You should also contact the            artists will see it as yet another                 Washington, DC 20580
                                                                                                                                               (877) 382-4357)
 Tell the credit bureau and the reporting    creditor to dispute inaccuracies. If        opportunity to cheat consumers.                         www.ftc.gov
 company, in writing, what information       the creditor reports the item to a          Be wary of anyone who offers to
 you think is inaccurate.                    credit bureau, it must include a notice     help you get your credit report. You




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       Credit bureaus must investigate       of your dispute. In addition, if you        can easily obtain your report by
 the items in question, unless they          are correct in your dispute, the creditor   yourself and remember, there should
 consider your dispute frivolous. They       may not report it again.                    be NO charge.

Office of the Attorney General Consumer Protection Division        Information on this and other topics is available on the
            P.O. Box 12548                                             Attorney General’s Web site at www.oag.state.tx.us.
        Austin, TX 78711-2548
            (800) 252-8011
     http://www.oag.state.tx.us/

				
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