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Murphy: Free credit reports can help Illinoisans get back on track after COVID-19 crisis

creditreport 070620DES PLAINES – As unemployment claims begin to level off and the economy reopens, State Senator Laura Murphy (D-Des Plaines) urges Illinoisans to take advantage of free credit reporting websites to assess their financial situation.

“We’re starting to see things open up and people go back to work, but we aren’t out of the woods yet. The pandemic may have long-term economic consequences for some families,” said Murphy. “These free resources can help you get back on track.”

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.

“COVID-19 may have delayed some of your financial goals, but you shouldn’t let it derail them completely,” said Murphy. “Credit reports are just one more tool to help you toward a full recovery.”

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

Sen. Laura Murphy

murphy hs

28th District
Deputy Majority Leader

Years served: 2015 - Present

Committee assignments: Commerce and Economic Development; Financial Institutions; Higher Education; Insurance; Public Health; Executive Appointments; Assignments; Executive; Local Government (Chairperson).

Biography: Park Ridge native; B.S. in Political Science from Illinois State University; former Des Plaines alderman; currently lives in Des Plaines with her husband and son.

Associated Representatives:
Martin J. Moylan
Michelle Mussman