Goodspeed: Free weekly credit reports available for another year

LINDA GOODSPEED
CORRESPONDENT

Good news for consumers: The three major credit reporting agencies – Equifax, TransUnion and Experion – have announced that they will extend the period that each will provide free weekly access to credit reports until April 20, 2022. That is a full year longer than they originally agreed to provide consumers free weekly access to their credit reports.

Shortly after the onset of the coronavirus pandemic, the three agencies pledged to provide consumers free weekly access for a year. That year, due to expire soon, has now been extended until April 2022.

Under federal law, U.S. consumers are entitled to receive just one free credit report per year. Now they can get 52 per year. You can receive your free credit reports by going to: annualcreditreport.com.

Once you receive your report, carefully review it for accuracy. This is an excellent opportunity for you to check how the reporting bureaus work and handle your information.

Remember, the three agencies are separate entities so your report from each may vary somewhat. The sooner you spot an error, the sooner you will be able to take steps to correct it.

If it is a recent error, the best approach might be to contact the business reporting the error and straighten it out with them.

The nice thing about being able to receive free weekly reports is that you will be able to check and make sure the error has been corrected. You can also contact the credit reporting agency issuing the report with the error. They often have online forms you can fill out to report an error.

These free weekly credit reports are an excellent opportunity for you to monitor your credit, especially helpful during this Covid-19 pandemic when there has been so much fraud and other financial irregularities happening.

Linda Goodspeed is a longtime real estate writer and author of “In and out of Darkness.” Email her at: lrgoodspeed@comcast.net.