...

Noticed today that as a result of the Fair and Accurate Credit Transactions Act (FACTA) of 2003, consumers are entitled to a free credit report each year. I browsed the various credit reporting web sites, however, and all of them still charge a small fee. Apparently, this part of the law doesn’t go into effect until December 1, 2004 (and later depending on your state). New York residents must wait until September 1, 2005…

The final rule also provides for a gradual, structured roll-out of the centralized source. The centralized source will become available in cumulative stages, over a period of nine months, rolling-out from west to east beginning December 1, 2004.