FACTA : Fair and Accurate Credit Transactions Act

According to FACTA or Fair and Accurate Credit Transactions Act the three major credit bureaus (Equifax, Experian and TransUnion) must provide a free copy of the credit report once per year. These bureaus will have a website, toll-free and a mailing address to request a free credit report. But FACTA will not be completely established throughout the US until September 1, 2005. Here is the FACTA schedule:

December 1, 2004: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.

March 1, 2005: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.

June 1, 2005: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Oklahoma, South Carolina, Tennessee, and Texas.

September 1, 2005: Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Vermont, Virginia, and West Virginia, Puerto Rico, and all U.S. territories.

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