FCRA

Safeguards For Consumers Under The FCRA

January 13, 2010

In 1970, the United States government enacted the Federal Credit Reporting Act or the FCRA. This law regulates the collection and dissemination of consumer credit information. It ensures the accuracy, fairness and privacy of personal credit information that is collected by credit reporting agencies. The most recent amendment to the law was in December 2003. [...]

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The Credit Repair Organizations Act

December 7, 2009

You may be surprised to learn that credit repair organizations are highly regulated. The fact is that over the years there have been many credit repair scams and credit repair fraud that has been detrimental to consumers. So much so in fact that back in 1996, President Clinton signed the statute that would be referred [...]

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Should You Repair Your Credit Yourself?

November 24, 2009

You absolutely have the right to repair your credit yourself. You can issue disputes on any questionable items for free and the credit bureaus will even provide the forms on their website to expedite the process. You do not need the assistance of a professional credit repair service. Repairing your credit yourself may seem like [...]

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Inaccuracies On Credit Reports

November 21, 2009

It is estimated that as high as 75% of all credit reports contain errors, mistakes and inaccuracies.  The FCRA is the Fair Credit Reporting Act and it was enacted back in 1979 to allow consumers the opportunity to dispute problems on their credit report and to promote the fairness, accuracy and privacy of personal information on credit reports.  [...]

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Three Crucial Laws To Be Aware Of When Doing Credit Repair

November 21, 2009

The basis of most credit repair is the Fair Credit Reporting Act or the FCRA.  This law was enacted back in 1970 to protect consumers from inaccuracies and inconsistencies on credit reports.  This law enables consumers to dispute untruthful or inaccurate listings on their credit report.  It also permits a consumer to receive one free [...]

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