Summary of Consumers Rights Must Also Follow
A Copy of Credit Report
As per the Fair Credit Reporting
Act (FCRA), if you supply a copy of the credit report to the borrower,
YOU MUST also provide a copy of their rights under the FCRA. THIS
IS THE LAW!! We have included a copy of this summary for you.
Please feel free to print this information. It is important to make
sure all personnel, especially new personnel are aware of this law.
Otherwise, your company could be subject to a lawsuit. If you have
any questions pertaining to this, please feel free to contact our office
or email us.
A Summary of Your Rights Under the Fair Credit
The federal Fair Credit Reporting
Act (FCRA) is designed to promote accuracy, fairness, and privacy of information
used in the process of granting credit. This information is supplied
by public record sources, credit grantors and others to credit reporting
agencies (CRA's) who organize and store that information for distribution
to credit grantors, employers and insurers who are making credit, employment
and insurance decisions about you. The FCRA gives suppliers and
users of credit information, and CRA's, specific responsibilities in connection
with their respective roles in the credit granting and reporting process.
The FCRA also gives you specific rights in dealing with these entities,
as summarized below. You can find the complete text of the FCRA,
15 U.S.C. 1681 et seq., at the Federal Trade Commission's web site (http://www.ftc.gov)
. You may have additional rights under the state law. You
may contact a state of local consumer protection agency or a state attorney
general to learn those rights.
It is important to know that Credit
Link obtains its information directly from the credit repositories and
are unable to correct or change information on your permanent credit
file. We will be happy to assist you, although if you dispute any information
on your file and need it to be correctly permanently, you are best to
contact the credit repositories direct. You may contact them by
phone or in writing at the repositories shown below.
West Sproul Road
P.O. Box 390
Springfield, PA 19064-0390
P.O. Box 2002
Allen, TX 75013
P.O. Box 740256
Atlanta, GA 30374-0256