The Cost of Your “Free” Credit Report

The Fair Credit Reporting Act (FCRA) was enacted to ensure fairness, accuracy, and privacy of personal information contained in the files of credit reporting agencies.

Under FCRA, consumers can request free credit reports from three major credit reporting agencies (Equifax, Experian and Transunion). While there are many websites who claim to provide free credit reports, only Annual Credit Report was created by the government to provide free reports to consumers.

The Federal Trade Commission (FTC) has stated that FCRA only requires the consumer to provide his or her name, address, social security number, and date of birth to receive a free credit report.  However, consumers are often asked for more information than necessary and, even after providing this information, are denied access to their free credit report.

Experian, one of the credit reporting agencies, is facing class action litigation over such actions in California.  The plaintiffs allege that Experian intentionally denied consumers a free copy of their credit report, but offered a credit report if the consumer paid a fee.  In short, the suit alleges that Experian profited by charging consumers for a report that should have been free.

The law firm of Davis and Norris, LLP is currently investigating Experian and other “free” credit report websites. If you have been affected by the practices of Experian or other credit report websites, fill out the form below, or call us at 205-930-9900.