Credit Report! Yes, it is important; and you should keep a close watch on your credit report.
The FTC is constantly handing out fines to organizations that are violating the law by accessing your credit report illegally, or in this recent case, selling your report to marketers and other unauthorized 3rd parties.
The bottom line: The Fair Credit Reporting Act (FCRA) gives you a right to privacy in your credit report. One requirement is that an employer MUST get your permission to pull your credit report and any adverse action taken by a potential employer with regards to your report MUST be disclosed to you in writing. If a company violates this rule, you can seek legal action, directly. Consumer credit report violations are at an all time high.
If you have been a victim of identity theft, you have the right to require that a fraud alert be placed in your file for up to 7 years . A fraud alert will indicate to a potential company that you have been a victim of identity theft. The company should then take additional steps to confirm that the person applying for the service is really you.
You also have a right to an annual credit report from each of the 3 credit bureaus. This should be an easy task but the internet is full of false leads to websites that require a credit card before you can get access to your report. DON’T FALL FOR IT. Click on the link below to get straight to the official website to order your free credit report. Don’t use Google – it will be full of sponsored sites to other offers and will likely confuse you.
Again, go directly to https://www.annualcreditreport.com/cra/index.jsp. This is the only federally authorized placed to get your annual free credit report. You can trust this site to get your free credit report with absolutely no strings attached. Bookmark this site and remember to get your report every year.
If you feel as though a potential employer or organization has violated your privacy with regard to your credit report, please consult with an attorney in your state and your local authorities. You can also contact the FTC directly at 1-877-FTC-HELP (1-877-382-4357).