Citing the impact of decades-high inflation on consumers' wallets, the nation's biggest credit reporting agencies — Experian, Equifax and TransUnion — agreed to continue to offer free weekly credit reports through the end of next year.
Under federal law, consumers are entitled to one free credit report annually from each of the bureaus. But at the start of the pandemic, the agencies announced that they would offer free reports weekly, eventually committing to do so through the end of 2022.
"Credit reports play an important role in financial health, and providing weekly reports for consumers at no charge is another way that we can support financial education and stability for people across the U.S. at this critical time," the CEOs of the three bureaus said in a joint statement announcing the extension.
