Hi. This is Laura with National Credit Federation. This video can be a very useful tool for people who are trying to learn about credits and their rights. The Fair Credit Reporting Act, or the FCRA, is a federal law passed to regulate the use of personal credit information as it relates to the credit bureaus and creditors. This law establishes several rights to you the consumer that allows us to be aggressive in pursuing the credit bureaus on your behalf. Your rights under the FCRA include information used against you. If you were denied on any type of credit application, you are entitled to know the name, address, and phone number of the agency that provided the information that led to your denial.

Credit report. You can access the information on your file at any given point, as long as you are able to provide the proper identification. Sometimes your credit report can be free, but it depends on the situation. Your credit score. For a fee, you can access your numerical credit score. On some occasions, it can be accessed for free by a broker if you recently applied for a mortgage.

Incorrect information. If the information provided by the credit bureau is not 100% accurate, you have the right to dispute and remove the negative items. Outdated information. A consumer can report a negative item no longer than seven years. Some cases, items like bankruptcies are considered exceptions and can be held against your score for up to 10 years. Limited access. Information about your personal credit information can only be provided to people with a valid need, like lending agencies, mortgage brokers, and landlords.

Employers in order for your information to be provided to an employer, your consent is required. Calls and offers. You can opt out of unsolicited credit and insurance offers by contacting the toll-free number that they are required to supply. Violations. If your rights have been violated, you have the right to sue in state or federal court. To research your rights covered by federal law, you can visit our website www.nationalcreditfederation.com, or click the link directly below the video. If you would like to discuss your financial situation with one of our executive consultants, you can sign up for a free consultation by clicking the link on our website or calling toll free 1-877-720-7587. Thank you.

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