U.S. Govt. Stipulates Free Annual Credit Reports

alue writes "Under the terms of the Fair and Accurate Credit Transactions (FACT) Act, passed last year, and amid growing concerns over privacy and disclosure of sensitive financial data, the three leading credit reporting agencies must provide consumers with a free summary once a year of all credit information on file for that person. Consumers in 13 Western states will be able to grab free online copies of their credit reports starting Wednesday."

Comments

Big deal

[say]

In Norway, you get a (paper) copy of your credit report every time someone hires a company to make one. It's the law over here. It seems reasonable. You've actually had to pay for getting to know your own credit details? It's kind of funny.