Fair Credit Reporting Laws in a Nutshell
Federal and state fair credit reporting statutes promote the accuracy and privacy of information kept and distributed by the nation's consumer reporting companies by defining how information must be recorded, verified and safeguarded. These requirements are critical as the accuracy of your credit report can affect whether you qualify for a loan and at what interest rate, and the privacy of your information guards against identity theft, a very serious problem today that can ultimately affect your ability to get credit, insurance, or even a job. Credit reporting violations include where your credit report contains information that is inaccurate or incomplete, disputed or outdated. Violations of these statutes require compensation for the damages suffered plus an additional amount up to $1,000 per violation, attorney fees and court costs, and often more importantly, allow you to correct and protect your credit report in the future. If you would like to learn more about your fair credit reporting rights, click here to visit of Fair Debt and Credit site FairDebtFairCredit.com. Or, if you think you are the victim of unfair credit reporting practices, click here for a free fair credit case review, or immediately contact Weisberg & Meyers, LLC toll free at 1-866-775-3666 or via E-mail help@AttorneysForConsumers.com. Your inquiry will be personally reviewed by an experienced attorney and you will be quickly contacted for a free consultation.