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What is the Fair Credit Reporting Act? How does it protect me?

April 26, 2017ACT credit fair protect

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What is the Fair Credit Reporting Act? How does it protect me?

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The Fair Credit Reporting Act (FCRA) is the federal law regulating credit-reporting companies like Equifax to ensure that they follow reasonable procedures to furnish correct information about you. This law specifies consumers’ rights, such as the right to know what is in your credit file and dispute potentially inaccurate information. The FCRA was enacted in 1971 and amended in October 1997 and December 2003. Click here to learn more.