Fair Credit Reporting Act

 

Under the Fair Credit Reporting Act, you have the right to the following:

  • Knowledge of all the information contained in your credit report. In most cases, you have the right to know the sources of that information.
  • Obtain a free copy of your report within 60 days of a credit denial. Otherwise, the credit bureau may charge you a nominal fee for this service.
  • Know who has requested your report in the last year.
  • Confidentiality of personal medical information. Such information can only be released with your permission.
  • Approve access to your credit record by prospective employers.
  • Have the credit bureau investigate an error in your report. You must notify the bureau of your dispute in writing. The credit bureau must notify you within five days of a completed investigation and fix mistakes in your record within 30 days. Then it must send a corrected report to anyone who asked for a copy in the past six months. At your request, the bureau must also send a revised report to potential employers who have requested it within the past two years. If you disagree with the credit bureau's conclusion, you have a right to include a brief explanation in your credit report.
  • Request credit bureaus stop selling your name to companies that make pre-approved credit offers.