• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Parks Zeigler, PLLC - Attorneys At Law

Elizabeth City, NC 252-679-8880
Virginia Beach, VA 757-453-7744
Chesapeake, VA 757-312-0211
Roanoke, VA 540-299-5299

Main navigation

  • Home
  • Legal Services
    • Individuals
      • Family Law
      • Personal Injury
        • Car Accidents
        • Motorcycle Accidents
        • Truck Accidents
        • Pedestrian Accidents
        • Bicycle Accidents
        • Bedbug Injury
      • Medical Malpractice
      • Criminal Defense
      • DUI/DWI Defense
      • Traffic Defense
      • Wills, Trusts and Estates
      • Mediation
      • Civil Litigation
      • Credit Reporting Disputes
    • Businesses
      • Small Business Representation
      • Business Litigation
      • Local Counsel
      • Cybersecurity and Data Privacy
  • About Our Firm
    • Our People
    • Our Guarantees
    • Recognitions and Awards
    • Community Involvement
    • Employment Opportunities
  • Client Reviews
  • Results
  • Free Info
    • FAQs
      • Credit Reporting Disputes
      • Family Law
      • Personal Injury
      • Wills, Trusts and Estates
      • Ask An Attorney Your Legal Questions
    • News
    • Videos
    • Resources
    • Books & Guides
    • Blog
      • Civil Litigation
      • Credit Reporting
      • Criminal Defense
      • Family Law
      • Personal Injury
      • Traffic Defense
      • Wills, Trusts and Estates
      • Cybersecurity
      • Small Business
      • Oliver The Service Dog
      • General
    • Newsletters
    • Recipes
  • Client Login
  • Contact
  • Locations
    • Virginia Beach, VA
    • Chesapeake, VA
    • Roanoke, VA
    • Elizabeth City, NC
  • Home
  • Legal Services
    • Individuals
      • Family Law
      • Personal Injury
        • Car Accidents
        • Motorcycle Accidents
        • Truck Accidents
        • Pedestrian Accidents
        • Bicycle Accidents
        • Bedbug Injury
      • Medical Malpractice
      • Criminal Defense
      • DUI/DWI Defense
      • Traffic Defense
      • Wills, Trusts and Estates
      • Mediation
      • Civil Litigation
      • Credit Reporting Disputes
    • Businesses
      • Small Business Representation
      • Business Litigation
      • Local Counsel
      • Cybersecurity and Data Privacy
  • About Our Firm
    • Our People
    • Our Guarantees
    • Recognitions and Awards
    • Community Involvement
    • Employment Opportunities
  • Client Reviews
  • Results
  • Free Info
    • FAQs
      • Credit Reporting Disputes
      • Family Law
      • Personal Injury
      • Wills, Trusts and Estates
      • Ask An Attorney Your Legal Questions
    • News
    • Videos
    • Resources
    • Books & Guides
    • Blog
      • Civil Litigation
      • Credit Reporting
      • Criminal Defense
      • Family Law
      • Personal Injury
      • Traffic Defense
      • Wills, Trusts and Estates
      • Cybersecurity
      • Small Business
      • Oliver The Service Dog
      • General
    • Newsletters
    • Recipes
  • Client Login
  • Contact
  • Locations
    • Virginia Beach, VA
    • Chesapeake, VA
    • Roanoke, VA
    • Elizabeth City, NC
Call
Contact
Blog

What Is A Credit Report?

March 9

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, Experian, or TransUnion – the three big players) which compiles and generates reports on consumer’s credit-bearing on a consumer’s credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living which is used or expected to be used or collected in whole or part for the purpose of service as a factor in establishing your eligibility for:

(A) credit or insurance to be used primarily for personal, family, or household purposes; 

(B) employment purposes; or 

(C) any other purposes authorized under [other parts of the FCRA] [1]
“Consumer disclosures” are the disclosures of the information in your file at the CRA. 

The difference is important to the extent of the responsibilities the CRA has under the FCRA. A consumer report is communicated to a third party (such as when you apply for a credit card or a home loan) and under the law, the CRA has a duty of “maximum possible accuracy” of the information contained in those reports.[2]  A consumer disclosure, however, does not have this standard, as it is not communicated to anyone other than you (such as when you contact a CRA to get a copy of your “credit report”). Instead, a CRA’s responsibilities for disclosures come when you dispute the accuracy of something in the disclosure.


[1]15 U.S.C. §1681(d).

[2]15 U.S.C. §1681e(b).

Parks Zeigler

Primary Sidebar

Get Started Now

Let Us Help! Call us on 888-691-9319 or fill out this quick form and we will contact you within 24 hours!
Name(Required)
Agree(Required)
Sign Up To Receive Our Newsletter
* Required
Hidden
This field is for validation purposes and should be left unchanged.

Latest Blog

Know Your Rights Under The Virginia Consumer Data Protection Act

January 5, 2023

What Business Owners Need to Know About Virginia’s New Consumer Data Protection Act

January 4, 2023

What You Need to Know Now About Probation in Virginia

November 22, 2022

View More Blogs

Client Testimonials

"I appreciate your due diligence on this matter. Your support and services are greatly appreciated and I’m happy with the outcome. I have to say, your..."

PH

"Parks Zeigler, PLLC provided the greatest experience I could have ever imagined! Everyone involved was very respectful, knowledgeable, kind, and understanding..."

Rudy G.

"This was my first time every having to get an attorney, and Parks Zeigler, PLLC was the best choice I made. Because of Parks Zeigler, PLLC, I was able to start..."

K. Townend

View More Testimonials

Our Library

  • Posted on 07/22/2020
    Wrongful Death Attorneys in Virginia
  • Posted on 06/18/2020
    Virginia Beach Bicycle Accident Lawyer
  • Posted on 07/03/2019
    Acquired Brain Injuries can greatly impact your life
View Library

Footer

Contact Us

Let Us Help! Call us at 888-691-9319 or fill out this quick form and we will contact you within 24 hours!
Name(Required)
Agree(Required)
Sign Up To Receive Our Newsletter
* Required
Hidden
This field is for validation purposes and should be left unchanged.

Parks Zeigler, PLLC
Virginia Beach Office

  • 4768 Euclid Road, Suite 103
    Virginia Beach, Virginia 23462-3810
  • 757-453-7744
  • 757-453-7578
Directions

Parks Zeigler, PLLC
Chesapeake Office

  • 524 Albemarle Drive, Suite 200
    Chesapeake, Virginia 23322-5500
  • 757-312-0211
  • 757-453-7578
Directions

Parks Zeigler, PLLC
Roanoke OFFICE

  • 25 Church Ave SW
    Roanoke, Virginia 24011-2010
  • 540-299-5299
  • 540-299-5295
Directions

Parks Zeigler, PLLC
Elizabeth City Office

  • 201 East Elizabeth Street
    Elizabeth City, NC 27209
  • 252-679-8880
  • 252-254-1380
Directions
  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

© 2023 Parks Zeigler, PLLC – Attorneys At Law All Rights Reserved, Reproduced with Permission Privacy Policy