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What are The Fair Credit Reporting Act (FCRA) and The Fair and Accurate Credit Transactions Act (FACTA)?

April 26, 2017accurate ACT credit facta fair FCRA transactions

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What are The Fair Credit Reporting Act (FCRA) and The Fair and Accurate Credit Transactions Act (FACTA)?

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The FCRA and the FACTA are the Federal laws that have been passed by the United States Congress granting consumers legal rights to ensure that the credit bureaus follow certain procedures to guarantee that only good, verifiable and accurate information appears on their credit report. A full copy of the FCRA and the FACTA can be obtained directly from the Federal Trade Commission’s web site.