Fair Credit Reporting Act


Federal law giving individuals the right to examine their own credit history. The provisions of this law enable consumers to approach credit reporting agencies to see what the agencies may be saying about them, find out if their credit information has been used by any third parties, and approach an agency to dispute wrongful use or interpretation of their information. The law also places restrictions on the consumer reporting agencies, such as requiring the agencies to provide each consumer one free report per year upon request, as well as restricting the amount of time certain information can remain on one's credit report.

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The Fair Credit Reporting Act helped the public become aware of how their credit is affected by their financial actions.

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You should always make sure that you are not doing anything that may be in violation of the Fair Credit Reporting Act.

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Thanks to the fair credit reporting act, I can use credit karma to check my credit score. I found it to be very poor so loans will be harder to obtain.

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Fair Credit Billing Act Fair and Accurate Credit Transactions Act of 2003