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Your rights under the FCRA

A plain-language tour of the consumer protections in the Fair Credit Reporting Act that matter most when reviewing your reports.

Accuracy

Credit reporting agencies must follow reasonable procedures to assure maximum possible accuracy of the information in your report. Companies that furnish information to the bureaus must not report information they know, or have reasonable cause to believe, is inaccurate.

Access and disputes

You are entitled to see the information in your file, and you have the right to dispute items you believe are inaccurate or incomplete. Disputes to the nationwide bureaus are free, and the bureaus must investigate.

Time limits on negative information

Most negative information can only be reported for a limited period — generally seven years, and up to ten years for certain bankruptcies. Once an item is past its reporting window, it should no longer appear.

Permissible purpose

Your credit report can only be accessed for specific, legally permitted reasons — for example, an application you make for credit, insurance, or housing. Access without a permissible purpose is not allowed.

This article is general educational information, not legal or financial advice, and makes no promises about results. Consider consulting a qualified professional about your specific situation.