When people think about reducing their debts, they often have no idea where it is they need to start. One of the quickest and most effective ways to get started towards a solid debt reduction plan is to order your credit reports and review them before creating a plan.

Credit Report Analysis Is Essential

Thanks to a federal law passed in 2003 called the Fair and Accurate Credit Transactions Act (FACT Act), you don’t have to spend any money getting your reports. Under this law, consumers can request and obtain a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies.