Americans Offered Free Weekly Credit Reports for One Year Due to COVID-19

Written By ESR News Blog Editor Thomas Ahearn

On April 20, 2020, the three national credit reporting agencies in the United States – Equifax, Experian, and TransUnion – in a joint action announced they are offering free weekly credit reports to Americans for the next year to help them protect their financial health during the ongoing Coronavirus (COVID-19) pandemic. The free reports were available starting on April 20, 2020, at www.annualcreditreport.com.

“During these times of COVID-19, accessing your credit is important. That’s why Equifax, Experian, and TransUnion are now offering free weekly online reports through April 2021,” reads a message on the AnnualCreditReport.com website, the only source for free credit reports authorized by Federal law. Americans may request their free credit report here and receive them by following these three steps:

  • 1. Fill Out a Form – Fill out one form to request one, two, or three credit reports.
  • 2. Pick the Reports You Want – Request your credit reports from Equifax, Experian, or TransUnion.
  • 3. Request and Review Your Reports Online – Before you get your credit reports, you will answer a few more questions. These questions are meant to be hard. You may even need your records to answer them. They are used to ensure that nobody but you can get your credit information. If you can, print your credit reports so you can look at them later. You repeat this step for each credit report. Your free annual credit report does not include credit scores.

“Credit vigilance is critical during these uncertain times. Consumers are advised to review their credit reports frequently to understand the information that is being reported about their payment behavior. The single most important action for consumers who cannot pay their bills right now is to talk with their lenders to find out if they are offering any assistance,” according to the announcement about the free credit reports.

Consumer credit reports are a factual record of credit activity and payment history used by lenders, creditors, service providers, and other businesses to extend financial opportunities and other offers to people. Credit reports play an important role in financial health for consumers, businesses, and the economy. For additional consumer tips on navigating COVID-19, visit Equifax COVID-19, Experian COVID-19, and TransUnion COVID-19.

“These are unprecedented times facing the world. People are feeling scared and uncertain about the future. To help play our part and reduce some of that anxiety, we are uniting as an industry to help people know the facts about their financial data,” Equifax CEO Mark W. Begor, Experian CEO Brian Cassin, and TransUnion CEO Chris Cartwright said in a joint statement about the offer of free weekly credit reports for one year.

Coronavirus (COVID-19) is a potentially deadly respiratory illness that can spread from person to person. As of April 22, 2020, there are more than 2.5 million total confirmed global cases of Coronavirus with more than 179,000 total global deaths, while the United States leads the world with more than 826,000 confirmed cases and more than 45,000 total deaths, according to research from Johns Hopkins University.

Employment Screening Resources® (ESR) – a leading global background check provider – is using best practices for background checks during the Coronavirus crisis, which include employees working remotely. The ESR News Blog is posting blogs about the impact that the COVID-19 pandemic is having on employers atwww.esrcheck.com/wordpress/tag/coronavirus/. To learn more about ESR, visit www.esrcheck.com.  

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