Factact Free Disclosure On Your Credit Report [Explained]


A Factact Free Disclosure notice will appear on your credit report if you requested a free copy of it.

Your credit report is a summary of your accounts, payment history and other information reported to the three credit bureaus.

Here is each of their webpages you can use to get yours: TransUnion, Experian, and Equifax.


Factact Free Disclosure

The FACT Act, the Fair and Accurate Credit Transactions Act, enables consumers to request a free annual credit report from all three major credit bureaus. The act requires the credit bureaus to review your transactions once a year and record the inquiry in their soft inquiries section. This act was a major breakthrough for consumers, as it allows consumers to view the information about themselves they need to make a credit decision.

While you should not worry about the fact that a free report will hurt your credit, it is better to protect yourself than risk losing your identity. A Factact Free Disclosure will only appear on your free annual credit report. Credit bureaus do not want to penalize responsible consumers for checking their credit, so they have no reason to penalize you for using a credit card responsibly. Just remember to issue a fraud alert whenever you find something suspicious on your credit report.

The FACT Act allows you to request one free disclosure of your credit file every twelve months. To request your free disclosure, you should visit the website of the credit reporting agency Central Source. You can also call them at (877) FACTACT or complete a mail-in request form. Once you have received your free report, you can start building your credit history. That is what makes it so valuable for consumers to build their financial futures.



The Fair and Accurate Credit Transactions Act of 2003 was signed into law on December 4, 2003, and was designed to combat identity theft, which costs consumers billions of dollars each year. Section 114 of the Act requires the federal banking agencies to issue joint regulations and guidelines requiring credit card issuers to take steps to prevent and resolve address discrepancies. While this may seem like an enumeration of requirements, it’s important to know that it doesn’t address every possible issue with regard to credit cards.

One of the main changes to the credit reporting industry will be a requirement that consumers must request free credit reports once every 12 months. This is an important part of the Act because it gives consumers more protection against identity theft. As part of the law, consumers will be able to request a free credit report from each of the three major bureaus once per year, and may also request additional reports if they suspect they’ve been a victim of identity theft. The Act will also require retailers to hide credit card information from receipts and point-of-sale terminals must print safe receipts.


Credit report

Potential lenders use this information to determine if you are creditworthy and will approve a loan or credit card application. Insurance companies, employers and landlords can also access your credit report. In addition, many government agencies use it to determine if you are eligible for certain services and benefits. Here are a few reasons why you should review your credit report regularly.

Keeping your account in good standing means that you have been making your payments on time and have met the terms of the agreement with your creditor. Check all of your account information to ensure that there haven’t been any missed payments or inconsistencies. Negative accounts will display information about missed payments and late payments. While checking your report, make sure to pay attention to the amount of any past due payments and the payment history.

If you believe your credit report contains incorrect information, you can dispute it. Simply follow the instructions on the dispute page. In addition to filling out the dispute page, you can write a letter to the business disputing the information. Don’t forget to include identifying information and any supporting documents, such as copies of your credit report showing the disputed items. Ultimately, your credit report is your most important financial tool, so make sure it is accurate!



1. Question: What is FACTA? Answer: FACTA stands for the Fair and Accurate Credit Transactions Act, a federal law enacted in 2003. It amends the Fair Credit Reporting Act (FCRA) and provides consumers with various rights and protections regarding their credit information.

2. Question: What is a free credit report disclosure under FACTA? Answer: A free credit report disclosure is the right provided by FACTA, allowing consumers to obtain a copy of their credit report from each of the three major credit reporting agencies (Equifax, Experian, and TransUnion) once every 12 months, free of charge.

3. Question: How can I request my free credit report disclosure? Answer: To request your free credit report disclosure, you can visit the official website AnnualCreditReport.com. This centralized website, authorized by the government, allows you to access your credit reports from the three major credit bureaus.

4. Question: Can I request all three credit reports at once? Answer: Yes, you have the option to request all three credit reports from Equifax, Experian, and TransUnion at the same time. This allows you to compare and review your credit information from all three bureaus conveniently.

5. Question: How often can I request a free credit report disclosure? Answer: Under FACTA, you can request a free credit report disclosure from each of the three credit bureaus once every 12 months. It’s a good practice to stagger your requests throughout the year, accessing one bureau’s report every four months, for ongoing monitoring of your credit.

6. Question: Are there other circumstances under which I can request a free credit report? Answer: Yes, in addition to the annual free credit report disclosure, you may be eligible for additional free reports if you believe you have been a victim of fraud, have recently been denied credit, or have experienced other specific circumstances outlined in the FCRA.