The Fair Credit Reporting Act (FCRA)

The Fair Credit Reporting Act (FCRA) is a U.S. law that regulates how credit reporting agencies collect, use, and share your credit information. It ensures that your credit report is accurate and fair, giving you the right to access your report and dispute any errors. The law also protects your privacy by limiting who can see your credit information and under what circumstances. Additionally, if you are denied credit based on your report, FCRA requires you to be informed, allowing you to correct any inaccuracies and understand your credit worthiness.