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Fair Credit Reporting Act: What You Should Know About
It?
The Federal Fair Credit Reporting Act (FCRA) is designated to
promote accuracy, fairness, and privacy of information in the
files of every "consumer reporting agency" (CRA) or Credit
Bureau. Learn what the law says and repair your credit today!
Most CRA are credit bureaus that gather and sell information
about you, such as if you pay your bills on time or have filed
bankruptcy.
They sell this information to creditors, employers, landlords
and other businesses; and that's why you should be sure that the
information they have on you is accurate and correct.
You can find the complete text of the FCRA 15 U.S.C.
16-81-1681u, at the Federal Trade Commission's website
(www.ftc.gov) but here you can find the summary of your
rights.
1. You must be told if information in your file has been used
against you
2. You can find out what is in your file
3. You can dispute inaccurate information with the CRA
4. Inaccurate information must be corrected or deleted
5. You can dispute inaccurate items with the source of the
information
6. Outdated information may not be reported
7. Access to your file is limited
8. Your consent is required for reports that are provided to
employers, or reports that contain medical information
9. You may choose to exclude your name from CRA lists for
unsolicited and insurance offers.
10. You may seek damages from violators.
Copyright © 2005 Excellentcreditnow.com - All
Rights Reserved
Carmen Shearer is the President and CEO of S&S Financial
Solutions. She has worked in the finance arena for over 10 years
and holds two engineering degrees and an MBA from a branch of
Harvard Business School. S&S Financial Solutions offers you
credit repair tools and information with a lifetime guarantee.
For more credit related information go to: http://www.excellentcreditnow.com
MORE RESOURCES:
Credit - Google News
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