What is the Fair Credit Reporting Act?

FCRA Fair Credit Reporting Act on a table.

Next year will mark the 50th anniversary of one of the most important pieces of consumer protection legislation in the country’s history: The Fair Credit Reporting Act.

The Fair Credit Reporting Act, or FCRA, is a federal law governing how consumer credit information can be used and distributed. It gives consumers the right to see what’s on their credit reports and dispute errors and inaccurate information.

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How to Get a Copy of Your Credit Report

Credit Report on Tablet

Just as a yearly check-up with your doctor is good for your physical health, taking an annual look at your credit report is good for your financial well-being.

With one year coming to an end and another one about to begin, it’s a good time to consider checking your credit report.

Consumers are entitled to receive one  free copy of their credit report every 12 months from each of the three main consumer reporting agencies – – Equifax, Experian and TransUnion.

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How to Deal with an Experian Dispute

Credit Report

It’s something that’s drilled into our heads over and over: You must maintain a good credit score.

But sometimes errors can pop up on our credit reports through no fault of our own. When that happens, it’s important to take steps to fix these errors as soon as possible.

In this blog post, we’ll explore how to do that using the example of one of the three main credit reporting services, Experian. Here’s how to deal with an Experian dispute.

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5 Things to Do After Your Car Has Been Repossessed

Car being towed repossessed

Your car is hooked up to the tow truck. You’d been struggling for months to make payments, and now the thing you feared most has come true: repossession.

And you think to yourself:  What do I do now?  Where is my car?  Is there some sort of car repossession look-up service that can track it down?

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How Debt Collection Laws Help Pennsylvanians

Past due bills debt

When you owe money to a debt collection agency, its employees have the right to contact you and try to recoup that debt.

But those rights only go so far. The federal Fair Debt Collection Practices Act regulates what debt collectors, or law firms acting as collectors, can do when contacting Pennsylvania consumers, and bars them from engaging in deception while trying to recover money that is owed.

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What is a Consumer Law Attorney?

There was a time when consumers in America were essentially helpless when it came to dishonest business practices and defective products.

It was only in the last 40-50 years that we’ve seen the advent of laws like the Fair Credit Reporting Act, Fair Debt Collection Practices Act, the Truth in Lending Act and the Telephone Consumer Protection Act which give a legal voice against the banks and credit bureaus that have the ability to negatively impact a consumer’s credit profile.

And although these laws are designed to help consumers, they aren’t always followed or enforced. That’s where a consumer law attorney can help.

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7 Ways Millennials can boost their Credit Scores

Millennials may be aware of the harmful effects of bad credit. Their difficulty is in determining ways to change habits and establish financial discipline that will improve their financial outlook and their credit scores.  The following steps may show useful ways to carve a path to a brighter financial future.

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Who Can See Your Credit Report?

Your credit report contains quite a bit of information about your financial history. It includes personal information, all of your open credit accounts and whether or not they are in good standing, and any negative marks, such as accounts in default or vehicle repossessions. Due to the sensitive nature of this information, not just anyone can see a copy of your credit report.

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