The Fair Credit Reporting Act or FCRA is a federal law that regulates the collection of consumer credit information and access to credit reports. This federal law governs the collecting and reporting of consumer credit info, including how the credit bureaus may obtain the information, for how long they may keep it, and how they can share it with other entities. In short, the FCRA is instrumental in the following:
Not just anyone who wants to see your credit report can do so. The FCRA places restrictions on who can view your credit report and when. Typically, the consumer initiates a transaction that gives consent to have their report evaluated by the entity they wish to borrow money from.
Get In Touch With UsSometimes, credit bureaus will refuse to remove information on your credit report that you know is inaccurate. While this can be frustrating, you can respond by filing a claim to report a violation of the Fair Credit Reporting Act, which may also entitle you to compensation for any financial losses you incurred due to that error on your report.
There are several ways that credit bureaus or creditors can violate the FCRA, and one clear violation is reporting information they know or should know isn’t accurate. These include:
If you report inaccurate information and file a credit dispute, the credit bureaus must investigate it. Unless they can verify the information they listed in your report, they’re required to correct it within 30 days. Violations can include:
The law is on your side when an error on your credit reports causes harm. The FCRA is on the books to help protect you, so use it to your advantage to ensure the major bureaus are reporting accurately. If you’re looking for credit repair solutions, you should also consider consulting with an experienced credit repair attorney who can help you decide which options work best for your situation.
If you believe your credit score is hurting you financially, consider finding a skilled attorney who has been working on providing consumers with credit repair solutions. Before removing a negative item on your report, credit reporting agencies require you to send formal dispute letters, and it’s a complex process. It’s best not to attempt this alone. The right credit repair attorney can work to:
It’s also important to understand that a skilled credit repair attorney knows how the law applies to credit repair solutions, and that legal knowledge can help them guide you through this process.
Attorney Jibrael S. Hindi of The Law Offices Of Jibrael S. Hindi dedicates his legal practice to protecting the rights of consumers across the United States. We are a boutique law firm focused on enforcing state and federal consumer protection laws like the Fair Credit Reporting Act. You have the right to take action against any company that violates your rights. You can trust our team to stand up for you and demand justice when you have been wronged.
Call (844) 542-7235 for a free consultation or complete our contact form to learn whether you have a case. You won’t pay us a cent until we recover funds for you!
Honor. Integrity. Care.
