Credit Report Rights

When it comes to your credit report, you have a number of rights under the Fair Credit Reporting Act (FCRA), which is enforced by the Federal Trade Commission (FTC). Here are some of the most well-known rights:
  • Limited access to your file – Only people and entities with a “valid need” for your information – usually regarding applications with creditors, employers, or insurers – can obtain the information from a consumer reporting agency.
  • You can be compensated for FCRA violations – If a consumer reporting agency (or information provider for a consumer reporting agency) is in violation of the FCRA, you may be eligible to file suit in state or federal court.
  • You must be informed of information being used against you – Anyone who denies your application for employment, credit, or insurance based on your credit report must inform you of this decision and provide the name, address, and phone number of the entity which provided the information.
  • Disputing inaccurate/incomplete information –You have a right to report suspicious, incomplete, and inaccurate information for investigation by the consumer reporting agency.
  • Your consent is required for employers’ access – Consumer reporting agencies cannot provide information about you to your current or potential employer without your written consent.

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