Now let's take a look at a summation of section one. And here's what you should know about the FCRA, the Fair Credit Reporting Act. There are three major credit bureaus that collect data on you, Experian, Equifax, and TransUnion. However, there are 44 zero other different consumer reporting agencies. According according to the Consumer Financial Protection Bureau, you have to be informed if information and facts in your file have been used against you to determine or to deny your credit or access to services. You must be notified within 30 days.

You must know what is in your credit file and this is offered through annual credit report.com for free. This is the only official credit report you have and you have the right to access each report from each bureau once per year. You have the right to a credit score. But not the right to a free credit score. Do not be confused. Use only the final score.

You have the right to challenge a bad. start that again you have the right to challenge bad information in your credit report. This is based on incomplete unverifiable or inaccurate information that creditors may be reporting to the credit bureaus. consumer reporting agencies cannot report outdated adverse data. Most items are seven years from the date of last activity, bankruptcy and judgments or 10 years. access to your credit report is only authorized to people that have a direct need and you authorize