Credit Fix Score.com - Knowing the FCRA       

1. Right to know the components of your file:

 

You have the right to do so giving proper verification of your identity. This will require your SSN. You are entitled to free reports in case of the following:

 

• Victim of identity theft and you place a fraud alert in your file.
• Legal action against you due to some information on your file.
• You are on public welfare
• As a result of fraud your file consists of inaccurate information.
• Unemployed but contemplating employment within 60 days.
• Entitled to one free annual credit report from each of the three bureaus.

 

2. Right to know your credit score:

 

You can ask for your score from the Credit reporting agencies or from ones who calculate your credit score. This comes for a price. However you get to know your score for free if your mortgage lender makes a pull on your report and score.

 

3. Right to dispute

 

If you have found incorrect information on your report you can write to the bureaus and dispute it. They have to investigate into the matter if you provide relevant details

 

4. Right to know who used your file against you

 

Whoever is using your file to deny you credit or to take legal action against you, has to inform you and provide you with details of Name, address and the agency that is being used for the purpose.

 

5. CRA deleting invalid information

 

Incorrect or invalid information have to be deleted after investigation and within 30 days.

 

6. Not updating of outdated negative account

 

Seven years old negatives and 10 years old bankruptcies may not be reported to the credit bureau.

 

7. Limited access to your file

 

In case you want to provide your information only to few. The FCRA defines who can have valid access to your file namely the creditor, employer, insurer, and businesses dealing with you or landlords.

 

8. Right to give consent before employer pulls file

 

Unless there is a written permission your CRA cannot provide your information to your employer or a potential employer.

 

Limiting the pre-screened offers that you receive

 

The pre-screened offers must leave their toll-free for you to call and opt out of their contact. You can use this number as well for the purpose 1-888-567-8688

 

9. Asking for damage control from violators

 

Any violation of FCRA from any agency, you can sue them in the state or the federal court.

 

We have also put together a few credit repair, report and score related links above. We hope this site helps you gain control of your personal finances.