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The Fair Credit Reporting Act (FCRA) is an American federal law (codified at 15 U.S.C. § 1681 et seq.) that regulates the collection, dissemination, and use of consumer information, including consumer credit information. (Full Statute (PDF).) Along with the Fair Debt Collection Practices Act (FDCPA), it forms the base of consumer credit rights in the United States. It was originally passed in 1970, and is enforced by the US Federal Trade Commission. From Wikipedia under the
GNU Free Documentation License  frbatlanta.org 248px x 375px | 47.00kB [source page] Large scale thefts of social security numbers and credit report data have been making the national news lately as identity crooks become more sophisticated and expansive in their targets  americanbackground.com 73px x 166px | 4.40kB [source page] Industry Resources > Fair Credit Reporting Act Federal Trade Commission Fair Credit Reporting Act From Yahoo Image Search: "Fair Credit Reporting Act"  strasburger.com unknown ue, 18 Aug 2009 15:37:04 GM Lynk v. Chase Home Finance, LLC, 2009 US Dist. LEXIS 65385 (ED Mich.July 29, 2009) link to opinion Facts: Plaintiff alleged violations of the . FCRA. , Michigan Collection Practices . Act. ( MCPA ) as well as state law claims...  refinance-credits.com admin ue, 01 Sep 2009 21:33:36 GM With such a big system larger than you can ever fathom, how will you protect yourself from any unfair practices as a home buyer? The answer to that is simply the . Fair Credit Reporting Act. . View post: How . Fair Credit Reporting Act. ...  nurido.at a-lot-of-credit-card-debt-consolidation-and-mortgage-news Mon, 06 Jul 2009 17:36:55 GM The . Fair Credit Reporting Act. specifies that any consumer has the right to dispute any item that is reported on the . credit. report. Now, these disputes must be factual in nature, such as a claim that a reported bad debt does not belong ... From Google Blog Search: "Fair Credit Reporting Act"  news.google.com CNNMoney.com (press release) "The economic pressure on the housing and real estate markets continues to impact property values and financial institutions credit quality. ... and more » news.google.com StorefrontBacktalk Requirement 3 is also critical for reducing both internal and external card fraud because it (along with the US Fair Credit Reporting Act , aka FACTA) is ... news.google.com Linex Legal (subscription) Part 2B of the Fair Trading Act 1999, involving unfair contract terms, applies to consumer credit contracts. Its implementation means that: * unfair terms ... and more » From Google News Search: "Fair Credit Reporting Act" Collection agency responded to pay-to-delete letter saying it is a "violation of the Fair Credit Reporting Act? Q. ? I know it isn't...but is there anything I can print out, like a claus from the Fair Credit Reporting Act that states it is within their rights to delete it, and NOT a violation? This is what there response was, word for word: "Dear Mr. X, I am returning you letter and offer for settlement unsigned. I am unable to sign this agreement as the part where I agree to delete this account from your credit file would be in violation of the Fair Credit Reporting Act. If you wish to send $XX, we will mark your account paid in full and report it as such to the credit reporting agencies." I don't want to be pushy with them, but I would like to show them proof that it is okay for them to make the agreement, and see what they say from there. The… [cont.] Asked by C - Fri Feb 13 16:15:50 2009 - - 6 Answers - 0 Comments A. Actually it is not in violation for the record to be deleted. The only thing the FCRA state is what is reported must be accurate. But it does not say that it MUST be reported. Since this debt is old, exactly how much it is effecting your credit is hard to say. But most likey the effect is minimal, if you have had a good history since. Paying it without it not being removed will still show the collection account. But it will show as paid, which is not as good as it not being there at all, but better than unpaid. So if they are not going to remove it, there is nothing you can do to force them to do that. It may be better to just pay if you need it taken care of sooner(and it is a valid debt). Now how much do you pay? This is only… [cont.] Answered by OC1999 - Fri Feb 13 17:26:15 2009 what is the fair crediting reporting act FCRA on background reports when employing for a job and.. more? Q. are these reports permanent or do they go away after seven years? has anyone cleared up inaccurate reports before? what are you experiences?? do you know of any websites aisde from ftc.gov/credit that could give me more information on this? Asked by mashamontago - Fri Nov 2 23:55:18 2007 - - 2 Answers - 0 Comments A. The reports themselves do not go away. Individual items on the reports do go away. Except for bankrupticies and unpaid tax liens, bad things stay for 7 years and then go away. Bankruptcies stay for 10 years and then go away. The length of time for which unpaid tax liens lasts varies by state. Good things can last forever, but usually last 10 years. Answered by StephenWeinstein - Sat Nov 3 15:43:51 2007 What is the Fair Credit Reporting Act?
Q. What is the Fair Credit Reporting Act? Asked by swati - Tue Jan 30 12:07:35 2007 - - 0 Answers - 0 Comments A. basically, its the law that states you get 1 free credit report from each credit agency each year, and in case you are denied a job, credit or insurance based on a credit report. if negative information is removed from a report, the creditor must notify you within 5 days in writing that they are going to put it back on, and also spells out how long negative information can stay on your report, so that negatives don't haunt you forever. also with creditors They must provide complete and accurate information to the credit rating agencies. The duty to investigate disputed information from consumers falls on them. They must inform consumers about negative information which has been or is about to be placed on a consumer's credit… [cont.] Answered by Jen - Tue Jan 30 13:02:56 2007 From Yahoo Answer Search: "Fair Credit Reporting Act" See also:
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