The Federal Fair Credit Reporting Act is
HOUSTON, UNITED STATES, February 27,
What If I’m Denied Credit?
What If I Find Errors On My Credit Report?
Under the FCRA both the credit reporting
The credit reporting company, in most cases, must respond in writing within thirty days. Information provided to the credit reporting company is then forwarded to the information provider. If it is discovered that the information provider was reporting inaccurate information, then it is up to that organization to contact the three credit reporting agencies with the correct information. After the information is corrected you are then entitled to a free copy of your report (This is separate from your free annual credit report).
The Fair Credit Reporting Act (FCRA) is a law that requires each of the three credit reporting companies to provide you with a free copy of your credit report, once annually. The Federal Trade Commission (FTC) is in charge of enforcing the FCRA with the three reporting agencies.
The Fair Credit Reporting Act gives everyone the right to know the details of how their credit score is calculated. Therefore, all individuals can request this information, and by
Furthermore, the information must be given without cost if any of
1. The Information is being used to deny credit.
2. The Applicant is the victim of identity theft.
3. The credit report contains inaccurate information.
4. The applicant is unemployed and expects to apply for a job within the next 60 days.
5. The applicant is on public assistance.
Everyone has the right to ask for their score. A credit score is simply a number that represents a calculation of one’s
How Is Your Credit Score Formulated?
Your credit score is calculated by five pieces of data that are