FCRA - Problems with Credit Report
The Fair Credit Reporting Act or the FCRA is enacted in 1970 to protect the rights
of consumers. The FCRA regulates the practices of those who provide credit information
of individuals to a credit bureau, the credit bureau and of the credit information
users. The credit bureau checks to match the names, addresses and other identifying
information of the credit applicants with those available in the files of the bureau.
This information is used by lenders to determine an individual's credit worthiness
or the ability to repay a debt. The FCRA states that a consumer can make a legal
claim against, and sue if a credit bureau, the credit report users and the debt
collectors disseminate wrong credit information. Each year, thousands of consumers
are refused credit cards, mortgages, student loans, jobs and housing opportunities,
due to wrong information in their credit reports. Under the Fair Credit Reporting
Act or the FCRA you have the right to view your credit report and the related information
if you suspect errors in your credit information. You can dispute wrong credit information
Equifax, Experian or Transunion, can provide you with your credit information including
your outstanding debts, Credit card debts and mortgage. The Fair Credit Reporting
Act offers consumer protection against identity theft so that your credit and good
name are not tarnished by the credit reporting agencies or by the creditors.
Contact Krohn & Moss, Ltd. Consumer Law Center® for a free evaluation of your case
involving credit report errors, fair debt collection practices, identity theft and
other consumer fraud issues. We will help correct your credit report in lieu with
the FCRA. Our credit attorneys can help you in the correction of your credit report
or in pursuing a case against those who failed to comply with the FCRA.