Although this term is widely used, the law that governs the reporting of credit matters, the Fair Credit Reporting Act (“FCRA”) actually doesn’t use the term at all. It discusses “consumer reports” and “consumer disclosures.” “Consumer reports” are any written, oral, or other communication of any information by a consumer reporting agency (“CRA”)(such as Equifax,continue reading…
Credit Reporting Disputes
How Do I Get Information About My Credit Information Held By The Credit Reporting Agencies (“CRAs”)?
You have the right to get your credit information from the three national CRAs (Equifax, TransUnion, and Experian) once every 12 months at no charge. Because it is best to obtain the cleanest report from the CRAs, as well as to document your request should future litigation be necessary, we recommend you mail in yourcontinue reading…
If There Is Incorrect Information About My Credit On My Report, How Do I Fix It?
Under the law that governs the reporting of credit matters, the Fair Credit Reporting Act (“FCRA”), the credit reporting agencies (“CRA”), which are the businesses that gather and report on consumer’s credit information, there is the process to dispute inaccuracies.[1] You notify the CRA that information about your credit is incorrect (preferably in writing) andcontinue reading…
What Are My Remedies If A Credit Reporting Agency Doesn’t Remove Inaccurate Information From My Credit File?
If a credit reporting agency (“CRA”) fails to remove inaccurate information from your credit file, the Fair Credit Reporting Act (“FCRA”) allows you to file a lawsuit against the CRA. A lawsuit against the CRA will be filed in federal court (because the matter concerns a federal law – the FCRA). In addition to seekingcontinue reading…
What Do I Do If My Identity Has Been Stolen?
Identity theft is a serious matter. I have written an in-depth article outlining the problem and the steps someone should take once this has occurred.
