Credit Reports

• Review Your Credit File
• Others Who Can Obtain Your Credit Report
• Correcting an Error in Your Credit File
• Request a Credit Freeze or Fraud Alert 

Review Your Credit File

Federal law permits consumers to obtain one free copy of your Equifax, Experian or TransUnion credit report each year from the only government-authorized website: www.annualcreditreport.com or by calling 877-322-8228. Other "free" credit report websites are likely to require you to purchase products and services before providing a copy of your credit report. Credit reports play an important role in your financial life, and we encourage you to regularly check your credit history. You may order all three credit reports at once. Or you may want to continually monitor your credit information by spacing them out and ordering one report from alternating reporting agencies once every four months. For example, you could order one from TransUnion now. Four months later, order one from Experian. Then four months after that, order an Equifax report. Repeating the process the following year. It is recommended that if you obtain your credit report online, that you immediately save a digital copy as the report will no longer be accessible if you leave the webpage. The law doesn’t require the bureaus to provide you with a free copy of your “credit score.”

Upon request, a consumer reporting agency must disclose to you all of its information and its sources for that information. This includes identification of anyone who obtained reports for employment purposes in the past two years, plus the names of all others who requested credit reports or other information about you in the last six months. The one exception to this disclosure requirement is your medical records, but you may direct that information to the physician of your choice.

You may either make an appointment to review your file or request the information over the phone. In either case, you will need to establish your identity by completing some forms. The credit reporting agency must provide you with a free copy of your file if you have been denied credit within the last 30 days.

When you order, you need to provide your name, address, Social Security number, and date of birth. To verify your identity, you may need to provide some information that only you would know, like the amount of your monthly mortgage payment.

Your credit file includes information about your:

• Identity: includes your name, address, marital status, your date of birth, number of dependents, previous address, and Social Security number.
• Employment: includes your present position, length of employment, income and previous job.
• Credit History: consists of your credit experiences with specific credit grantors.
• Public Record: includes civil suits and judgments, bankruptcy records, or other legal proceedings recorded by a court.

Under the federal Fair Credit Reporting Act and the state law RCW 19.182, consumer reporting agencies may keep correct and verifiable information in your file for seven years, and 10 years in the case of bankruptcy. There are a few exceptions:

• If you apply for a job which pays more than $75,000 per year, the reporting agency may provide all the information it has, including items over seven years old;
• Information reported because of an application for more than $50,000 worth of credit or life insurance has no time limitation; and
• Information concerning lawsuits or judgments against you can be retained in your file for seven years or until the statute of limitations expires, whichever is longer. Under Washington's law relating to judgments, a judgment can remain on your report for a ten-year period after it is entered. If the judgment is renewed, it can remain for an additional ten-year period.
• Juvenile records, from the official juvenile court file and records of any other juvenile justice or care agency,  when the subject of the records is twenty-one years of age or older at the time of the report.

Others Who Can Obtain Your Credit File

Any business, individual, or government agency may request a credit report for its legitimate business needs involving a transaction with the consumer. These include: credit granting considerations; review or collection of an account; employment considerations; insurance underwriting; a potential partnership; security clearance; or lease. Reports may also be issued at the written request of the consumer or a court.

If a person takes adverse action that is based on information contained in your credit report, in most cases they must provide you with written notice of the adverse action, and provide you with the name, address, and phone number of the consumer reporting agency that furnished the report to that person.  This includes prospective landlords conducting credit screening of potential tenants.

Correcting Errors

Notify the credit reporting agency if you've discovered an error in your file. The agency is required to investigate the items in question within 30 business days of receiving your notice of dispute. If the new investigation reveals an error or if the disputed information cannot be verified, a corrected version will be sent, at your request, to anyone who received the report in the past six months. Job applicants can have corrected reports sent to anyone who received a copy during the past two years.

If the new investigation does not solve the problem, you may have the agency include your version of the disputed information on your file. This written explanation or summary must be 100 words or less. This statement will be included in all future issues of your report.

Federal Trade Commission - "How to dispute credit report errors"