FCRA Rights

admin — Wed, 27 Jan 2010 10:12:58 +0000

You have rights, as a consumer, when it comes to how your credit history is maintained. Rules by the Fair Credit Reporting Act, FCRA include: Report access – Only those who have a “permissible purpose” have the just cause to access your report such as lenders, credit card companies, your landlord, insurer, employer, etc.
Written consent – For reports that are given to employers or potential employers, written consent is required. Personal access – You have the right to obtain a copy of your report and also a list of everyone who has accessed it since you last saw it. You are entitled to a free copy once every year. Credit denial – If you are denied credit or employment, the person who denied you must tell you why and how to contact the credit bureau that provided the information.
Dispute inaccuracies – If you find that your report has faulty information, then you can dispute the information and the FCRA must investigate it within 30 days. Until it is proven accurate, they cannot put the disputed information on the report unless they include your written statement of dispute along with it. Outdated information – Usually, negative information remains on your credit report for seven years.

Accessing your Credit Reports

admin — Thu, 24 Dec 2009 10:10:06 +0000

Everyday people such as lenders, landlords and credit card companies are all allowed to view your personal credit report. Each one must show a “permissible reason” to view your report. As a way to send you offers for credit cards in the mail that are said to be pre-approved, companies can also get your name and address from credit bureaus.
There are guide lines they use to screen consumers in order to compile a list of possible customers. If you choose not to have your name sold to these companies, you can “opt out” by either writing to the major credit bureaus or by calling then with the number than can be found online This will certainly take your name of the list for two years from mailing and telemarketing lists that come from TransUnion, Equifax, Experian, and INNOVIS.
You can always get a copy of your report annually so you can correct any mistakes. According to a 1998 study, “Mistakes Do Happen,” conducted by the Public Interest Research Group, 29 percent of consumer credit reports had errors hurtful enough to cause that person to be turned down for credit or even for insurance.

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FCRA Rights

Accessing your Credit Reports