7 Consumer Protection Rights You Must Know 
 - Fly Credit

7 Consumer Protection Rights You Must Know 

By Jake Song

So What is the Fair Credit Reporting Act (FCRA)?

The Fair Credit Reporting Act (FCRA) is a federal law that monitors and regulates your credit information from your credit reports. Think of FCRA as our big brother, who is always there to protect you in case something terrible happens to you. 

You NEED to know this for two reasons:

  1. It will help you dispute derogatory marks on your credit reports
  2. It will help you from lawsuits

FCRA governs how the credit bureaus are allowed to collect your information. For example, your payment history, loans, current debts, and charge offs. It even includes your past/present address, employment information, and any public records as well. 

All credit disputing works because of the Fair Credit Reporting Act (FCRA)  and every credit repair companies follow the same rules of using FCRA.

You, the consumer, have the right to check and challenge any information under the protection by FCRA. By law, all credit bureaus are entitled to give you ONE FREE CREDIT REPORT EVERY 12 months when requested. And this is how you can access for free here.  

Here are highlights of RIGHTS you may want to know:

  1. You have the right to verify and challenge the accuracy of your credit reports
  2. You have the right to receive a notification if information in your credit reports has been misused for applying for credit cards.
  3. You have the right to remove outdated derogatory marks in your credit profiles. **In most cases, seven years, +10 years in the case of bankruptcy.
  4. You have the right to deny mandatory credit reports by employers. An employer must accept your consent before accessing your credit profile
  5. You have the right to refuse automatic credit card offers. Creditors can do this because they already have your credit profile information. www.opoutprescreen.com is the website you can utilize to opt-out from credit cards offers
  6. You have the right to know if information in your credit report has been already used against you. Anyone who has access to your profile with your consent must provide the name, address, and phone number of the agency that provided the information. 
  7. You have the right to put a security freeze on your credit profiles. No creditors can review your credit profile without your authorization. 

** A victim of Identity theft and active-duty military personnel have additional rights. For more information, check here**

 So how can Flycredit help you dispute your derogatory marks?

 Flycredit utilizes an advance disputing technique that is backed by Section 609 FCRA. Unlike any other financial services out there, our goal is to educate you! We have a special program where you can learn all the disputing process to remove any derogatory marks you may have. Check us out here.

 If you have more questions, simply call us. We will answer any questions you may have. 


#7 Consumer, #Consumer Protection Rights, #credit

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