Your Rights Under FCRA
FCRA stands for Fair Credit Reporting Act. Under this act, consumers have a number of rights and privileges when it comes to consumer reporting. Here is a summary of your rights under the Fair Credit Reporting Act
- You must be told if information in your file is used against you
- You have the right to know what is in your file
- You have the right to ask for a credit score
- You have the right to dispute incomplete or inaccurate information
- Consumer reporting agencies must correct or delete inaccurate or incomplete, or unverifiable information
- Consumer reporting agencies may not report outdated negative information
- Access to your file is limited and consumer reports can only be created for and dispersed to parties with a genuine need
- You must give your consent for consumer reports to be given to employers
- You may limit “prescreened” offers of credit and insurance you get based on information in your credit report
- Consumers have the right to obtain a security freeze
- You may seek damages from violators
- Identity theft victims and active-duty military personnel have additional rights
