Category Archives: FCRA

WHAT’S WITH THE LEGAL MUMBO JUMBO??

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.