When the Fair Credit and Reporting Act (FCRA) was amended by the Fair and Accurate Credit Transactions Act (FACTA) in 2003, consumer reporting agencies were required to provide consumers with copies of their reports. There were a litany of articles reminding people to review their credit reports at Equifax, Experian, and TransUnion, the big three in the credit reporting world. While those are likely the most important reports you need to review, there are plenty of other, smaller, consumer reporting agencies that request your attention as well.
[In Pictures: 8 Painless Ways to Save Money.]
These "specialty reports" are very much like credit reports but they don't get the exposure that credit reporting agencies get. It is a mistake to ignore them because in certain parts of your life, these reports can prove to be very important.
FACTA gives you the right to access data collected by a consumer reporting agency in the same way that you get access to credit bureaus, which are a type of consumer reporting agency. You can get access, for free, once every twelve months.
So what should you review? Here are the big ones you should consider:
[Visit the US News Personal Finance site for more insight and money management tips.]
So the next time you go to pull your credit reports from the bureaus, be sure to grab a few of these specialty reports as well. While it has nothing to do with your credit score (there are no scores involved), it's still important to make sure they're accurate.