In our previous blog we talked about how your credit info can be mixed with another person’s credit history in your family if they have the same name. Actually, they don’t have to be related to you as long as they live close to you. For example, in the same community of even in the same county.
In my last article I quoted chapter and verse of the Fair Credit Reporting Act (FCRA) that pertains to the dispute process. Before you get involved with disputes the three major credit repositories and the bureaucracy of the credit industry you should be familiar with the federal laws that explain your rights as a debtor. The other two are the Fair and Accurate Credit Transactions Act (FACT) and the Fair Debt Collections Act. They form the basis of your rights as a debtor and the procedures for exercising those rights.