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Now Indiana residents can check credit reports for free.
Byline: Will Higgins
Mar. 1--Starting today Hoosiers can access their credit reports -- at no charge.
It's due to a new federal law passed last year, the Fair and Accurate Credit Transaction Act, aimed at combating identity theft. The savings to each consumer would be about $30.
By making the reports free, the law's backers hope to encourage consumers to keep a close watch on their credit, in effect deputizing them against identity theft, a growing concern. By regularly looking over their credit reports, says Federal Trade Commission spokeswoman Jen Schwartzman, consumers can quickly spot something fishy and take steps.
Last year, according to the Federal Trade Commission, Indiana had 4,274 reported…
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Source: HighBeam Research, Now Indiana residents can check credit reports for free.
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