CHAMPAIGN – To help people stay informed about their finances amid the COVID-19 pandemic, State Senator Scott Bennett (D-Champaign) is highlighting free credit reporting websites. 

“Like physical health, financial health is key to leading a stable and secure financial future,” Bennett said. “A consistent focus on a person’s budget and other financial matters will allow them to tackle financial burdens stemming from the COVID-19 pandemic.”

Federal law requires each of the three nationwide consumer credit reporting companies—Equifax, Experian and TransUnion—to provide a free credit report every 12 months if requested. As a result of the COVID-19 pandemic, these companies are offering free online weekly credit reports through April 2021.

The information in these reports may affect mortgage rates, credit card approvals, apartment requests and job applications. Reviewing credit reports can also help catch signs of identity theft early.

“People can take steps to improve their financial wellbeing by regularly checking their credit report,” Bennett said. “As we continue to navigate this challenging time, I encourage residents to take advantage of free credit services available to review their credit history and manage their finances.”  

To find out more about why credit is important or to request a credit report, visit www.AnnualCreditReport.com.