FAIR CREDIT REPORTING ACT
A federal law that regulates the collection of consumers' credit information and access to their credit reports. It was passed in 1970 to address the fairness, accuracy and privacy of the personal information contained in the files of the credit reporting agencies.
Under the Fair Credit Reporting Act (FCRA), consumers also have a right to see their own credit reports. By law, they are entitled to one free credit report every 12 months from each of the three major bureaus. They can request their reports at the official, government-authorized website for that purpose, AnnualCreditReport.com. Under FCRA, consumers also have a right to:
Verify the accuracy of their report when it's required for employment purposes
Receive notification if information in their file has been used against them in applying for credit or other transactions
Dispute—and have the bureau correct—information in their report that is incomplete or inaccurate
Remove outdated, negative information
WHAT THIS MEANS TO YOU
The purpose of this act is to promote the accuracy and integrity of consumer reporting information.
We utilize this act to remove as much inaccurate and damaging information from your consumer report as possible.