Sunday, August 3, 2008

The Fair Credit Reporting Act

FCRA allows you to repair your own credit report.This act came into effect in 1971, and it says that consumer has the right to dispute any information on their credit report and that the credit bureaus should investigate all consumer disputes.The credit bureaus must complete the investigations within a 30 -day period.If there are any information that cannot be verified , it must be deleted.