Fair Credit Reporting Act

The Fair Credit Reporting Act (FCRA) is a law made by the United States government to make sure that people get information that is fair and accurate when buying things like a home or car, getting a job, or getting insurance. It sets rules for companies that store, use, and provide information about you, like your name, address, phone number, and credit history, known as your credit report. These companies are called credit reporting agencies, and they’re responsible for making sure that this information is up-to-date and correct. The FCRA also gives you the right to see your credit report and to dispute any part of it that you think is wrong. This means that if you find something in your credit report that isn’t true, you can tell the credit reporting agency and they have to fix it.