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What is the Fair Credit Reporting Act in a nutshell?

April 26, 2017ACT credit fair Nutshell

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What is the Fair Credit Reporting Act in a nutshell?

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The FCRA states: “If a consumers personal credit information is incomplete, inaccurate, or cannot be verified by the creditor in a specified time period after written request from the consumer, the credit reporting agency or bureau shall promptly remove and delete such information as requested, and only by the consumer.” This is an important part of the FCRA.