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You have rights when it comes to how your credit history is maintained and used as a consumer. Rules were up by the FCRA, which include: Report access – Only those who have a “permissible purpose” can access your report, finance company, lender, credit card company, landlord, insurer, employer, etc. Written consent – For reports that are given to employers or potential employers, written consent is required. Personal access – You have the right to get a copy of your report and a list of everyone who has accessed it. You are entitled to a free copy once every 12 months.
Credit denial – If you are denied credit or employment, the person who denied you must tell you why and how to contact the credit bureau that provided the information. Dispute inaccuracies – If you find that your report has inaccurate information, then you can dispute the information and the CRA has to reinvestigate it within 30 days. Until it is proven accurate, they cannot put the disputed information on the report unless they include your written statement of dispute along with it. Outdated information – Usually, negative information remains on your credit report for seven years.