FCRA Rights
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 Outdated information – Usually, negative information remains on your credit report for seven years.
