Which of the following is true regarding free annual credit reports under FACTA?

• A. They are available only to residents of certain states
• B. They require a fee for all consumers
• C. They can be obtained for free from each CRA annually
• D. They can only be obtained if you have a security freeze

Answer: (C)

Under FACTA, you’re entitled to a free annual credit report from each of the three major credit reporting agencies. This means you can obtain one free report from each CRA every year, typically by visiting annualcreditreport.com or requesting directly from the bureaus. This applies nationwide to all consumers, not just residents of certain states, and there’s no fee for these annual reports. A security freeze isn’t required to get the free annual reports, though a freeze can affect access to your credit in other contexts.