San Diego, CA - The Fair and Accurate Credit Transactions Act of 2003 (FACTA) was enacted to provide many new protections and rights for consumers, many of which will take effect in 2004. Many financial services professionals, including debt and credit counselors, plus lenders and real estate agents among others, are enrolling in the credit report reviewer certification program to get up to speed with the new law.

One of the main features of FACTA, is the requirement of free credit reports annually for all consumers that takes effect about November 2004. There are also important new protections for victims of identity theft.

Reviewing credit reports and credit scores for consumers has now become more important because it can reveal areas where consumers might be paying more for credit because of a lower than deserved credit score.

Credit Report Review applicants complete an educational study program on the new law and after an examination become certified as a Credit Report Reviewer, by the award winning, nonprofit Institute of Consumer Financial Education (ICFE) based in San Diego, CA. The ICFE is dedicated to helping consumers become better spenders, regular savers and wiser users of credit and has been publishing do-it-yourself credit file correction guides for consumers and counselors since 1992. The ICFE certified 33 Credit Report Reviewers in January 2004.

The growth of consumer credit and indebtedness has been explosive over the past ten years and relatively few Americans bother to look at their credit profiles, usually because they have had little difficulty in obtaining credit. Now Identity Theft is the nation's fastest growing crime, and most consumers aren't even aware they are victims until they look at their credit report and see a new credit account they did not originate.

This is an area of great concern to consumers, especially active credit users. An important new help for consumers, is the credit report review service, which can help consumers protect against identity theft, plus identify inaccuracies (that also might be lowering one's credit score) and teach how to remove them.

The Credit Report Review is offered only by ICFE Certified Credit Report Reviewers. "Credit report reviews should be conducted annually for the average consumer, semiannually for active credit users - those paying on three or more credit cards and/or loans per month," indicated Paul Richard, a Registered Financial Consultant (RFC) and the Executive Director of the ICFE.

For more information about the Credit Report Reviewer's Certification Course, you may visit the ICFE web site at: www.icfe.info or call: 619 239 1401.

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