Understanding Your Rights Under Federal Credit Reporting Law
The Fair Credit Reporting Act (FCRA) is a federal law that regulates the collection, dissemination, and use of consumer credit information. It promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies.
You have the right to obtain a free copy of your credit report from each of the three nationwide credit bureaus (Equifax, Experian, and TransUnion) once every 12 months at AnnualCreditReport.com.
If you believe information in your credit report is inaccurate, you have the right to dispute it with the credit bureau. The bureau must investigate your dispute within 30 days.
Most negative information must be removed from your credit report after 7 years. Bankruptcies can remain for 7-10 years depending on the type.
Under 15 U.S.C. §1681g(a)(3), your file disclosure identifies recipients who obtained a consumer report for employment purposes during the preceding two years and for other purposes during the preceding year, subject to the statute's exceptions.
With limited exceptions, credit bureaus can only provide your credit report to those with a permissible purpose, such as lenders, employers (with your consent), or landlords.
If a credit bureau, furnisher, or user violates your rights under the FCRA, you may be entitled to sue for damages.
We use your rights under the FCRA to challenge inaccurate, outdated, or unverifiable information on your credit reports. Our attorney-backed approach ensures that credit bureaus and data furnishers follow the law. Call us at 877-782-7839 to learn more.
FCRA Consumer Rights Guide · FDCPA Summary
Consumers are protected by several federal laws when dealing with credit reporting issues related to credit education:
You may file complaints with the Consumer Financial Protection Bureau (CFPB) or the Federal Trade Commission (FTC).
Reviewed by Hemminger Law Firm, Consumer Rights Attorneys | Last reviewed: January 1, 2026
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