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The Fair Credit Reporting Act - 1. All Federal Laws are in the consumer's favor and you will have the advantage, especially with the Federal Fair Credit Reporting Act. This is because when you dispute any information contained on your Credit Report, the Credit Bureau must verify the accuracy of the information with the CREDITOR who reported the information within 30 days, or it will be removed.
You have the right to correct, update, amend and tell your side of what happened to the credit community. These laws do not help you unless you use them.
Because the Fair Credit Reporting Act include rules that credit bureaus and your CREDITORs must follow when reporting your credit file, as well as giving the consumer certain rights, you can afford to be defensive about your Credit Report. Remember that credit bureaus are not your friends. They are just private companies selling information about you.
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