Blankenship Law Firm

Fair Credit Reporting Act

Protect your Credit Score.

The Fair Credit Reporting Act (FCRA) is a federal law that
governs how a credit reporting agency handles your credit information. It is
designed to protect the integrity and privacy of your credit information. The
FCRA requires credit reporting agencies–and the entities that report your
credit information to them and others–to ensure that your information is fair
and accurate, and kept private. The FCRA protects your right to access and correct
any inaccuracies in your credit report and provides you with remedies if a
credit reporting agency or information furnisher violates your rights.

Under the FCRA you may sue a credit bureau for violation of
any of the following rules:

• A credit bureau must investigate, change or remove any incorrect data
from your credit report.

• Credit bureaus may not retain negative information for more than seven
years from the last payment made. The exceptions to this rule are that
bankruptcies may be reported for 10 years after the bankruptcy discharge and
tax liens can be reported for seven years from the time they are paid.

• Credit reports can be issued only to those with a legitimate business
reason. These include creditors, employers, landlords, insurers and government
agencies, or anyone else for whom you request a report.

• You must give your consent for a credit report to be issued to a
potential employer or landlord.

• Credit bureaus are required to help you understand your credit report.

You have rights. If your credit score has been effected by
wrongful reporting, or if you have been denied a loan because of false
information on your credit score.

Contact us today to schedule a free consultation.