The Fair Credit Reporting Act (FCRA) empowers consumers throughout America with important rights regarding the collection and dissemination of their credit history. The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) are the two federal agencies charged with overseeing and enforcing the provisions of the FCRA found in the United States Code, Title 15, § 1681.
Utah residents have rights under federal that protect them from credit report agencies collecting and disseminating negative, inaccurate personal data. The Morrison Law Group will review credit reports and dispute any negative or inaccurate credit reporting. We will sue creditors who fail to comply with a discharge order at no out-of-pocket cost to clients. Theron Morrison and his team of seasoned bankruptcy attorneys can legally compel creditors to cease reporting inaccurate, negative credit information.
Here is part two of a summary of the important rights consumers have under the FCRA:
*Access to a consumer’s file is limited. A credit reporting agency (CRA) may only provide information out of necessity, which itself must be valid, such as when an application with a creditor, employer, landlord, or other entity is under consideration.
*Consumers have the right to dispute incomplete or inaccurate information, who may report it to a CRA, which is then obligated to investigate the matter.
*Consumer reporting agencies must correct or delete inaccurate, incomplete, or unverifiable information within 30 days, in most cases.
*Consumer reporting agencies may not report negative information that is more than seven years old or bankruptcies that are more than ten (10) years old.
*Consumers must consent in writing for a credit report to be provided to a prospective employer during the employment application and screening process.
*Consumers may limit “prescreened” offers. Unsolicited “prescreened” offers for credit and insurance must include a toll-free phone number that consumers may use to opt-out and remove their contact information from the source’s list.
*Consumers may seek damages from any party that violates the FCRA.
*Identity theft victims and active-duty military personnel have additional rights under the FCRA.
The Morrison Law Group strives to give clients a fresh start through bankruptcy. We assist clients through a pending bankruptcy case, but also assist them after they receive their discharge order, and their bankruptcy case officially closes. We will review credit reports and dispute any negative or inaccurate credit reporting.
Talk to the Morrison Law Group about how you may qualify for a Chapter 7 or Chapter 13 bankruptcy case. Call 801.456.9933 today to schedule a FREE consultation. We have locations in Ogden, Logan, Sandy, and St. George to serve the residents of the counties of Weber, Cache, Salt Lake, Utah, Morgan, Davis, Washington, and surrounding areas.
