Getting a free instant credit report is very easy now. After the FTC's final ruling under the Fair and Accurate Credit Transactions Act (FACTA) it is now required that all three credit bureaus -Equifax, Experian and TransUnion provide a free copy of the requestor's credit report upon his/her request. With online access, toll free numbers and postal addresses individuals can apply for instant credit report quite effortlessly.

Credit report which is actually your credit history has never been so easy to get. With online access, toll free numbers and postal addresses individuals can apply for instant credit report in a quite straightforward manner. If you are really in hurry, you can get it in minutes from the website of the authorized bureaus. Free instant credit report is provided by any of the three major credit bureaus. The credit report which is basically annual report of your credit history gives you the detailed information about your financial position in your credit dealings. A good credit report is important if you are looking to purchase or take a loan which is quite big and expensive. A healthy credit score report is important to impress the bank or the lender who you applied for money.

It is not necessary that you request your annual credit report only when you apply for a loan or when you have been rejected by a lender based on bad credit. The increasing fraudulent activities and violations of privacy have made people more conscious about their credit accounts. You can request for a copy of your free credit report from any of the credit bureaus to check your credit report and access it for your desired purpose. You will have three free credit reports in a year; one copy from each of the credit bureaus.

Since 2005, you have the right to view your credit report once a year from each of the three bureaus for free according to the Fair and Accurate Credit Transactions Act (FACTA) as FTC's final ruling. Based on this new law it is required for all the three credit bureaus -Equifax, Experian and TransUnion to provide, upon request, a free copy of one's credit report every 12 months. According to this act, there must be a centralized source to process the requests and the source must have a website, a toll free phone number and a postal address where consumers can apply for their credit history. Initially there was strict prohibitions on disclosure of credit reports, but now regulations have become lenient enough that you can have free instant credit reports online. You get it in minutes, download it and access your credit report.

The process is quite simple and designed for end users. You just need to know some credit account numbers to request your annual report. For verification you have to furnish some important personal information. You sign up online, furnish the necessary information, and in moments the report is available to you. But you need to be cautious while you browse the web to take advantage of free online credit reports.

The benefits of an online, instant credit report are numerous. It is extremely useful and you get your report in no time. If you are going for a home loan shopping, it might be best for you to quickly obtain your credit report so that you know your credit worthiness and talk to a lender about your plan for a credit. Since you would be dealing online, it is important that you deal with the companies which are authorized to give you free credit report instead of companies which make empty promises without ever fulfilling them. Some even try to steal personal information from the consumers to take advantage of. Be skeptical to mails which advertise free instant credit reports.