Index

Fair Credit Reporting Act (FCRA)

Summary

Regulates the collection, dissemination, and use of consumer information, including consumer credit information, to ensure fairness, accuracy, and privacy.

Rights & Rules

  • 01.
    You have the right to be told if information in your file has been used against you.
  • 02.
    You have the right to know what is in your file and request your credit score.
  • 03.
    You have the right to dispute incomplete or inaccurate information.

Penalties

  • 01.
    Actual damages sustained by the consumer.
  • 02.
    Statutory damages between $100 and $1,000 for willful non-compliance.
  • 03.
    Punitive damages and reasonable attorney fees.

Verified Citations

""