Credit Bureaus Once Again Extend Free Weekly Credit Reports
Equifax, Experion, and TransUnion logos

Credit Bureaus Once Again Extend Free Weekly Credit Reports

An offer that was introduced at the beginning of the pandemic has once again been extended. This week, the three major credit bureaus in the United States — Equifax, Experian, and TransUnion — announced that they’d be continuing their free weekly credit report program for consumers. Now, the feature will be valid until the end of 2023.

Prior to the pandemic, consumers were entitled to download a copy of their credit reports (one from each bureau) on a yearly basis via the AnnualCreditReport.com site. However, in April 2020, the trio of bureaus announced that they’d begin allowing Americans to access these reports one per week instead. The offer has subsequently been extended several times as the impacts of the pandemic have lingered and other economic challenges, such as inflation, have emerged.

In a joint statement, Equifax CEO Mark W. Begor, Experian CEO Brian Cassin, and TransUnion CEO Chris Cartwright wrote, “The rising cost of living in the wake of COVID-19 has created economic consequences felt by many Americans. Our industry is committed to helping people better position themselves for strong financial futures.” The execs continued, “Credit reports play an important role in financial health, and providing weekly reports for consumers at no charge is another way that we can support financial education and stability for people across the U.S. at this critical time.”

To request a free credit report, consumers will first need to head to AnnualCreditReport.com. Once there, they’ll be required to provide their name, birth date, current address (and previous address if they’ve lived at the current residence less than two years), and their Social Security number. Then, they can select to request reports from one, two, or three of the available bureaus. Consumers may also need to enter their mobile phone number and email address for two-factor authentication, with the site sending a one-time passcode to their preferred medium.

After verification, consumers will be taken through their requested reports one at a time, with the ability to print off their reports or save them as PDFs if needed. Of note, while consumers will be able to review the information in their credit reports for free, they may also encounter offers to view their FICO credit scores while on the site. Be aware that obtaining this information may come at an additional fee or require a paid subscription.

At this point, it seems as though AnnualCreditReport.com is likely headed for a renaming as the weekly offer continues to be extended. Overall, that’s a good thing as, the more access options consumers have, the better — especially since errors and fraudulent account creation are issues that Americans regularly face. That said, although consumers are able to request weekly reports, that frequency may not be necessary for most users. Nevertheless, hopefully this improved access offer is one that does stick around and helps provide consumers with greater credit literacy in the process.

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...