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Fair Credit Reporting Act ("FCRA") -- A federal statute, effective in 1971, and amended as of September 30, 1997, that:
- Enables consumers to learn what information Consumer Reporting Agencies ("CRAs") have in a consumer file ("consumer file disclosure") pertaining to them;
- Requires CRAs to adopt reasonable procedures to assure information about consumers is accurate and up-to-date;
- Provides rights to consumers to question the information in the consumer file and have their questions re-investigated; and
- Provides protection to consumers from invasion of privacy by limiting the purposes for which the information can be provided.
Equifax Credit Information Services, Inc. (Equifax) is a "consumer reporting agency" (CRA) as defined by the federal Fair Credit Reporting Act (FCRA). The FCRA is designed to promote accuracy, fairness, and privacy of information used in consumer reports. Recent amendments to the FCRA expand a consumer’s rights and place additional requirements on CRAs.
Consumers may opt-out of pre-approved offers of credit or insurance by calling one toll-free number: 1-888-5-OPTOUT (1-888-567-8688).
Under the FCRA:
- Persons that are unemployed and intend to apply for employment within 60 days;
- Persons receiving public welfare assistance;
- Persons who believe their consumer file contains inaccurate information due to fraud; and
- Persons that have been the subject of adverse action, such as denial of credit or insurance, within the past 60 days.
More Information
If you have any questions or would like more information, please contact us at info@icreditretriever.com |
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