The ________ Act gives consumers the right to obtain one free credit report once every 12 months from the 3 nationwide credit reporting agencies.

Question

Quizplus · Accepted Answer

The Fair and Accurate Credit Transactions Act (FACTA) gives consumers the right to obtain one free credit report once every 12 months from the 3 nationwide credit reporting agencies: Equifax, Experian, and TransUnion. The other options listed, Fair Credit Reporting Act, Fair Credit Billing Act, and Consumer Leasing Act, are also important consumer protection laws but do not provide the specific right to a free credit report.

The ________ Act Gives Consumers the Right to Obtain One