As a result of new federal legislation, Fair and Accurate Credit Transactions Act (P.L. 108-159), consumers will be able to request one free copy of their credit report each year. Credit reports can be obtained by calling a toll free number, making a request by mail, or using the new web site AnnualCreditReport.com. The web site will be available starting on Dec. 1. A story on MSNBC, "Free credit report details announced," explains the process. Due to the anticipated frenzy, the free credit reports will be released to the country in stages, starting with the West Coast of the U.S., on Dec. 1, 2004. States in the Midwest will be able to obtain the reports in March, the South in June and the East coast states in Sept. 2005.