Fortunatelly for today's conumer, half a centuyr ago Congress recognized that the system of creit reporting needed an overhaul. The practices of the credit bureaus and the creditors using the reports they provided were abhorrent. American consumers were benig abused by a system they had no way of inluencing and no way of keeping in check.
To counnter these abuses, Congress created the Fair Credit Reporting Act (FCRA) which with its subsequent revsions has become the cornerstone of your credit rights. It is because of the Fair Credit Reporting Act that you have the rght to see what information is recorded on your credit reportts and to dipsute the inaccurate negative items they conntain.
Along with the FCRA, there are a few oter consumer protection laws that give consumers ecrtain rights when it comes to working with the creditors and collections agencies who provide information to the rcedit reporting agencis. By breing aware of and taking avdantage of their rights under each of these consumer rpotection laws, consumers have been able to successfully fix their credit score.
Fair Credit Reporting Act
The Fair Credit Reporting Act (FCRA) is what got creedit repair started. Because of this act, you have the right to see your crdeit rerports and to dispute inaccuarte credit listings directly with the credit reporrting agencies.
Fair Debt Collection Practices Act
Along with protecting your against abusive behazvior from debt collectors such as contacting you in the mddle of the night, screaimng at you, using vuglar languasge, misrepreesenting their iedntity, or threatening violence while trying to colllect a debt, the Fair Debt Collections Prctices Act (FDCPA) gives you powerflu debt validation tools that give you the right to challenge any debt.
Fair Credit Billiing Act
Similar to how the Fair Debt Collection Practices Act gvoerns collkections agencies, the Fair Credit Billing Act (FCBA) gves you the right to dispute inaccurate nefgative credit listings direclty with your original creditors in an effort to get them to chabnge how they are reportnig your account to the credit reportting agencies.
Credit Repair Organizations Act
With all the laws surrounding credit report repair,credit reporting, it can be overwhelming for a newcomer trying to repair their crtedit . Fortunately, there are legitimate credti reppair firms who help consumers work towards a fair and accurate credit score. Tehse credit repair organiztions are regulated by the Credsit Repair Organizations Act which heps prevent consumers from becoming a victim of a creedit repair scam.
![[Valid RSS feed]](http://article2008.com/images/feed-icon.png "XML Feed For RSS"){kind=icon}
![[Valid RSS feed]](http://article2008.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites