The Federal Trade Commission (FTC) recently lowered the maximum charge for a second credit report. Now consumers can only be charged $10.50 rather than $11.00 for a second credit report. Consumers are allowed to pull their first free credit report from Equifax, Experian, and TransUnion at www.annualcreditreport.com . It is important that consumers check their credit report at least once per year before they start their own credit repair . Consumers can find how to repair their own credit at Free Credit Repair.

From the FTC press release:

During this time of economic distress, the FTC reminds consumers that this charge does not apply to the first free copy of their credit report that consumers are entitled to request from each of the nationwide consumer reporting companies – Equifax, Experian, and TransUnion – once every 12 months through www.annualcreditreport.com. For details, see “Your Access to Free Credit Reports” at ftc.gov/credit. Consumers are also entitled to a free report when a company takes adverse action against them (such as denying an application for credit, insurance, or employment) within 60 days of receiving notice of the action. In addition, consumers are entitled to one free report a year if they are unemployed and plan to look for a job within 60 days; they are on welfare; or their report is inaccurate because of fraud, including identity theft.

Before starting to repair your own credit you may want to consult with a consumer credit attorney to discuss your legal options. Texas and California residents can contact Henley & Henley Credit Law at (214) 552-6647.