The Fair Credit Reporting Act (FCRA) was amended in 2003 and is now known as the Fair and Accurate Credit Transactions Act (FACTA). Under provisions of FACTA, you have the right to obtain a free copy of your consumer credit report, once a year (for Georgia residents, twice each year), from each of the national consumer credit reporting agencies. You may also obtain your credit score and related information from each bureau for a “fair and reasonable” fee. You can request your free reports at: https://www.annualcreditreport.com/cra/index.jsp
Under FACTA, you are also entitled to a free report if:
- You’ve been denied credit, insurance, or employment within the past 60 days, or
- You are offered credit on terms that are materially less favorable than those offered to most other consumers, and that notification must provide a statement that explains your right to obtain a free credit report from a credit-reporting agency and how to obtain the report, or
- You certify in writing that you are unemployed and intend to apply for employment within 60 days, or
- You are receiving public welfare assistance, or
- You have reason to believe your consumer file contains inaccurate information due to fraud.
Should you dispute an inaccurate item in your credit report(s), you will receive updated credit reports free of charge after the investigation is complete.