As of Jan. 2004 the FACT Act allows for each consumer to obtain a **FREE** copy of their credit report, and score, from each Credit Reporting Agency annually. Therefore, you will no longer have to be denied credit to get your free copy. The Federal Government is attempting to ensure one number may be contacted for all three credit reports. We do not expect this law to take affect until December 2004.
Credit Resuscitators would like to take a minute to discuss the "free" credit reports that may be obtained on line. The companies that make these offers are obviously in business to MAKE MONEY. Unless you print the entire terms of service agreement and have a qualified attorney go over it, you are probably going to get charged a fee. When someone asks for your credit card information, and the "service" is supposed to be "FREE", big red flags should begin going up! Too many times, we have spoken with customers that had their credit cards charged once, twice, sometimes three times for a "free credit report". If you visit Rip Off Repots on line, you will see exactly what we are talking about. We encourage ALL consumers to simply contact the Credit Reporting Agencies directly and cut the middle men out completely. They are ripping off hard working people that deserve better!
On another note, any organization that offers "credit monitoring" is also a complete sham. What they are doing borders on illegal. They dispute EVERY item on your credit report, whether you verify it is correct or not. Most times, they don't even bother to ask your permission!
What do I do if they get nasty?
Well, there are a few things to consider here. Let's take a look at some senarios.
Email us at [email protected]