How often are individuals allowed to receive a free copy of their credit report from one of the three credit monitoring companies?

Individuals are allowed to receive a free copy of their credit report from each of the three major credit reporting companies—Equifax, Experian, and TransUnion—once a year. This means that a person can check their credit report three times each year in total, once from each bureau, which is important for monitoring credit health and detecting any inaccuracies or fraudulent activity.

Receiving this report annually allows individuals to stay informed about their credit status and take necessary actions if needed. It’s advisable for consumers to spread out their requests over the year, so they can monitor their credit more frequently. While the option of once every two years is not accurate in this context, the provision for yearly checks is designed to help consumers maintain a good understanding of their creditworthiness.