The Fair Credit
Reporting Act (FCRA) is designed to help ensure that Consumer
Reporting Agencies (CRA) furnish correct and complete information to
businesses to use when evaluating your application.
Your Rights Under the Fair Credit Reporting Act
• You have the right to receive a copy of your credit report. The copy
of your report must contain all of the information in your file at the
time of the request.
• You have the right to know the name of anyone who received your
credit report in the last year for most purposes or in the last two
years for employment purposes.
• Any company that denies your application must supply the name and
address of the CRA they contacted, provided the denial was based on
the information given by the CRA.
• You have the right to a free copy of your credit report when your
application is denied because of information supplied by the CRA. Your
request must be made within 60 days of receiving your denial notice.
• If you contest the completeness or accuracy of information in your
report, you should file a dispute with the CRA and with the company
that furnished the information to the CRA. Both the CRA and the
furnisher of information are legally obligated to re-investigate your
• You have the right to add a summary explanation to your credit
report if your dispute is not resolved to your satisfaction.
The Equal Credit Opportunity Act (ECOA) prohibits credit
discrimination on the basis of sex, race, marital status, religion,
national origin, or receipt of public assistance.
Your Rights Under the Equal Credit Opportunity Act
• You have the right to have reliable public assistance considered in
the manner as other income.
• If you are denied credit, you have legal right to know why.
The Fair Debt Collection Practices Act (FDCPA) prohibits debt
collectors from engaging in unfair, deceptive, or abusive practices
while collecting these debts.
Your Rights Under the Fair Debt Collection Practices Act
• Debt collectors may contact you only between 8:00a.m. and 9:00p.m.
• Debt collectors may not contact you at work if they know your
• Debt collectors may not harass, oppress, or abuse you.
• Debt collectors may not lie when collecting debts, such as falsely
implying that you have committed a crime.
• Debt collectors must identify themselves to you on the phone.
• Debt collectors must stop contacting you if you ask them to in
*This is general knowledge and in no way represents legal advice as
we are NOT lawyers.
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