Fair Credit Reporting Act (Credit Report Issues)

Fair Credit Reporting Act (Credit Report Issues)

Credit Reports and “credit scores” are increasingly an important part of life.  Sometimes they are wrong, and that’s when we are often hired to fix the problem.

Fair Credit Reporting Act (Credit Report Issues)

The Fair Credit Reporting Act (FCRA), 15 U.S.C. § 1681, is U.S. Federal Government legislation enacted to promote the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies. It is intended to protect consumers from the willful and/or negligent inclusion of inaccurate information in their credit reports. To that end, the FCRA regulates the collection, dissemination, and use of consumer information, including consumer credit information. Together with the Fair Debt Collection Practices Act (FDCPA), the FCRA forms the foundation of consumer rights law in the United States.

The most common FCRA area that our firm handles is the posting of incorrect or “obsolete” (i.e., information that is too old to be posted) accounts that are still being reported on your credit report.  Incorrect balances, failing to note the account as disputed, accounts that simply are not yours—these are all common errors we address.

This area of law is surprisingly complex and requires methodical handling to resolve properly.

We would be happy to consult with you, as a free consultation, and completely explain to you your options– normally at no cost.  If you would like to do this, you can either call us to discuss it further, or use the contact page to send an email.

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