Data Facts Lending Solutions Blog

Here’s How to Get Your Free Weekly Credit Report

by Matt Holmes

Apr 27, 2020 9:02:00 AM

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Normally, each of the three credit bureaus (Equifax, Transunion and Experian) allow consumers to order one free credit report per year. Of course, the past 2 months have been anything but normal.

That’s why last week, the bureaus adjusted their policy to enable consumers to pull their credit reports once per week.

At a time where credit awareness is more critical than ever, the three bureaus agree that teaming up to provide this rise in accessibility is simply the right thing to do. “We’re proud our industry is uniting to make this possible for all U.S. consumers.” says Experian.

As COVID-19 has swept across the country, over 22 million Americans have filed for unemployment- the largest spike ever. And to date, more than 3 million Americans are now in forbearance on their mortgages.

Consumers are now able to take advantage of free weekly reports every week for the upcoming year, beginning April 20th.

How can I order my free credit report?

To access your free weekly credit report, visit AnnualCreditReport.com. Since reports are updated constantly, checking yours once per week can give you a better understanding about how certain actions may impact your credit.

Read: Here’s 25 tips that could help you get on the right track, and reinforce your credit knowledge.

What if I’ve missed a payment?

If you’re unable to pay a bill, the first thing you should do is talk to your creditor to see if they can provide you with forgiveness for having missed a payment, or about any payment assistance programs they may have available. If accommodations are made, this can stop the missed payment from impacting your credit.

Remember, there are millions of Americans experiencing the same hardships. Chances are your creditor has a plan to address them.

For more articles and tools that can help lenders navigate the implications of COVID-19, visit Data Facts’ COVID-19 Resource Center.

Topics: Credit Report

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