[FCRA] ALERT! Consumers Can Check Credit Reports Weekly For Free

In case you missed it, the big-3 Credit Reporting Agencies (Equifax, Experian, and TransUnion) issued a “joint action” that they are now offering free weekly credit reports to all Americans until April 2021.

While the Fair Credit Reporting Act requires the big-3 to provide consumers with one free annual report every 12 months, this is an unprecedented step in response to the anticipated COVID-19 impacts on the individual consumer.  This weekly consumer report access could mean a lot of things for furnishers, like a sudden increase in consumer disputes.

As a result, this is a pivotal time for furnishers to remain vigilant with their compliance condition code policies and dispute resolution procedures to help keep pace with the evolving credit reporting landscape.   Of course, we will monitor the impacts of the ever-changing COVID-19 related policies and programs here on TCPAWorld.

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