The Fair and Accurate Credit Transactions Act (FACT Act) requires the three major credit-reporting agencies with a free copy of their credit report via online request or by calling 877.322.8228. The act also enables consumers to place an alert on their credit files when they reasonably suspect they have been victims of identity theft, thereby placing potential creditors on notice.
Consumers also can recover their credit reputation through other measures:
Credit-reporting agencies must stop reporting allegedly fraudulent account information when a consumer shows he or she has been victimized by identity theft
Creditors or businesses must provide copies of business records or fraudulent accounts or transactions to assist consumers in proving they are victims of identity theft
Consumers can report accounts affected by identity theft directly to creditors, in addition to credit-reporting agencies, to prevent the spread of erroneous information