What is the Fair Credit Reporting Act (FCRA)

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The Fair Credit Reporting Act (FCRA) is a federal law that oversees and safeguards consumer credit information.

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The federal law regulates the collection, dissemination, and use of consumer information, including credit.

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It was enacted to promote accuracy, fairness, and privacy of consumer information in reporting agencies.

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The FCRA was passed in 1970 to address the personal information on the files of credit reporting agencies.

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The FCRA governs how credit bureaus can collect and share information about individual consumers.

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The law regulates the way credit reporting agencies can access, use, and share data they collect in your reports.

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The FCRA promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies.

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The FCRA gives consumers the right to access their credit report and dispute any errors they find.

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It also restricts others' access to your credit report, limiting access to landlords, creditors, and insurance companies.

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