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Protect Your Identity

Floridian’s are now able to get their credit report for free. A recent amendment to the federal Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies to provide you with a free copy of your credit report, at your request, once every 12 months, from www.annualcreditreport.com. The Federal Trade Commission (FTC), the nation's consumer protection agency, has prepared a brochure of Frequently asked questions, explaining your rights and how to order a free annual credit report. You can obtain this brochure at http://ftc.gov/bcp/conline/pubs/credit/freereports.htm

Q: Why would I want to get a copy of my credit report?

A: You may want to review your credit report:

Because the information it contains affects whether you can get a loan — and how much you will have to pay to borrow money.

To make sure the information is accurate, complete, and up-to-date before you apply for a loan for a major purchase like a house or car, buy insurance, or apply for a job.

To help guard against identity theft. That’s when someone uses your personal information — like your name, your Social Security number, or your credit card number — to commit fraud. Identity thieves may use your information to open a new credit card account in your name. Then, when they don’t pay the bills, the delinquent account is reported on your credit report. Inaccurate information like that couuld affect your ability to get credit, insurance, or even a job.