Credit reports know my rights
Your credit payment history is recorded in a file or report.
These files or reports are maintained and sold by credit bureaus.
You have a credit record on file at a credit bureau if you have ever
applied for a credit or charge account, a personal loan, insurance,
or a job. Your credit record contains information about your
income, debts, and credit payment history. It also indicates whether
you have been sued, arrested, or have filed for bankruptcy.
The Fair Credit Reporting Act (FCRA) is designed to help
ensure that credit bureaus furnish correct and complete information
to businesses to use when evaluating your application.
Your rights under the Fair Credit Reporting Act:
- You have the right to receive a copy of your credit report.
The copy of your report must contain all of the information
in your file at the time of your request.
- You have the right to know the name of anyone who received
your credit report in the last year for most purposes or in the
last two years for employment purposes.
- Any company that denies your application must supply
the name and address of the credit bureau they contacted, provided
the denial was based on information given by the credit bureau.
- You have the right to a free copy of your credit report
when your application is denied because of information supplied
by the credit bureau. Your request must be made within 60 days of
receiving your denial notice.
- If you contest the completeness or accuracy of information
in your report, you should file a dispute with the credit bureau
and with the company that furnished the information to the bureau.
Both the credit bureau and the furnisher of information are legally
obligated to investigate your dispute.
- You have a right to add a summary explanation to your
credit report if your dispute is not resolved to your satisfaction.
The Score That Matters®
The FICO Score is the standard credit score in the US, used in more than 90% of lending decisions.