Index
Fair Credit Reporting Act (FCRA)
Summary
A federal law that regulates the collection of consumer credit information and access to your credit reports to ensure fairness, accuracy, and privacy.
Rights & Rules
- 01.You must be told if information in your file has been used against you.
- 02.You have the right to know what is in your credit file.
- 03.You have the right to dispute incomplete or inaccurate information.
- 04.Consumer reporting agencies must correct or delete inaccurate, incomplete, or unverifiable information.
Penalties
- 01.Actual damages sustained by the consumer.
- 02.Statutory damages between $100 and $1,000 for willful violations.
- 03.Punitive damages and attorney fees.
Verified Citations
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