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The Act (Title VI of the Consumer Credit Protection Act) protects information collected by consumer reporting agencies such as credit bureaus, medical information companies and tenant screening services. Information in a consumer report cannot be provided to anyone who does not have a purpose specified in the Act.
Under the Equal Credit Opportunity Act: You cannot be denied credit based on your race, sex, marital status, religion, age, national origin, or receipt of public assistance. You have the right to have reliable public assistance considered in the same manner as other income.
Common violations of the FCRA include: Creditors give reporting agencies inaccurate financial information about you. Reporting agencies mixing up one persons information with anothers because of similar (or same) name or social security number. Agencies fail to follow guidelines for handling disputes.
How the FCRA protects you You have the right to a free credit report every year. You can dispute errors on your credit report. Employers need your written consent to pull your credit information. If your credit application is denied, youre entitled to know why.
You have the right to know what is in your file. In addition, all consumers are entitled to one free disclosure every 12 months upon request from each nationwide credit bureau and from nationwide specialty consumer reporting agencies. See for additional information.
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The law is intended to protect consumers from misinformation being used against them. It offers very specific guidelines on the methods credit reporting agencies use to collect and verify information and outlines reasons that information can be released. The law was passed in 1970 and amended twice.
The FCRA Protects You From Credit Report Errors You have the right to sue for damages the FCRA also gives consumers the right to sue credit reporting agencies for damages, that have violated the FCRA. In some cases you may also be able to sue the person/agency that used the incorrect credit report against you.
Consumers also have a right to see their own credit reports. By law, they are entitled to one free credit report every 12 months from each of the three major bureaus. They can request their reports at the official, government-authorized website for that purpose, AnnualCreditReport.com.
All Info - H.R.6862 - 117th Congress (2021-2022): To amend the Fair Credit Reporting Act to exclude information relating to certain evictions from consumer reports, and for other purposes. skip to main content.
The CCPA includes several important laws, including the Truth in Lending Act, Fair Credit Reporting Act, and Fair Debt Collection Practices Act.

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