Fair Credit Reporting Act (FCRA) Dispute Lawyers

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Fair Credit Reporting Act (FCRA) Dispute Lawyers

The three primary credit reporting agencies that keep track of consumer credit ratings in the United States are Equifax, TransUnion, and Experian. Employers, landlords, and other organizations get credit information of potential employees or applicants from these companies. What this means is that if there is any error in the credit reports provided by these agencies, it could impact an individual’s life significantly. The law allows you to keep track of your credit report and request changes if you spot inaccurate information.  

But there is a possibility that these agencies may refuse to make those changes or corrections forcing you to file a lawsuit against them. An experienced FCRA dispute lawyer will help you gather all the evidence needed to prove that your credit report is not accurate. You may be entitled to receive compensation for damages resulting from the inaccuracies in your credit report. 

What Is The Fair Credit Reporting Act?

The FCRA is a law that seeks to protect the accuracy, fairness and privacy of consumers’ information that are in the files of consumer reporting agencies. The rights this law provides include:

  • The right to know your credit score
  • The right to be notified if your credit score has been used against you
  • The right to request corrections if there are inaccuracies in your credit report
  • The right to limit access to your credit report 
  • Employers must seek consent before accessing your credit report
  • The right to prevent outdated information from being included in your credit report
  • Information verified to be inaccurate must removed from your credit report within 30 days of the dispute
  • You can seek damages when your rights are violated

FCRA Violations

Fair Credit Reporting Act (FCRA) Dispute LawyersCredit reporting agencies, banks, and lenders sometimes report inaccurate information, fail to correct credit report errors, or use your credit report for unlawful purposes. Some of FCRA violations include:

  • Reporting paid debts as unpaid
  • Failing to report that a debt was discharged in a bankruptcy
  • Reporting old debts as re-aged or new 
  • Not correcting any inaccurate information on the debtor’s file
  • Mixing credit reports of multiple parties
  • Applying late fees to debts that were paid on time
  • Reporting as active an account that was already closed by a consumer
  • Providing credit information on an account despite the fact that identity theft was reported on that account
  • Failing to provide procedures that can be used by a consumer to report identity theft
  • Mixing credit information of different persons with similar first and last names

Steps For Disputing Credit Inaccuracies or Errors

The FCRA act requires credit reporting agencies (CRAs) and entities that report information to those agencies must correct incomplete or inaccurate information on consumers’ credit reports. You may dispute errors or inaccuracies using the following process:

  • Request a copy of your credit report if a company has taken adverse action against you based on that report
  • Write a letter detailing the errors and accuracies to the credit reporting agency that provided your credit report 
  • The credit reporting agency should then carry out an investigation within 30 days of receiving the letter
  • The CRA should then notify you of the results of the investigations and provide a copy of your credit report if the errors have been corrected

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