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Do-It-Yourself Credit Repair
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What Is Credit?
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What Is a Credit Score?
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What Is a Credit Report?
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Removing Negative Records
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Dispute Strategies
- Disputing Primary Creditor Records
- Disputing Charge-Off Records
- Removing Remarks
- Disputing Third-Party (Debt Collectors) Records
- Time-Barred Debts
- Disputing Medical Records
- Strategies for Removing a Bankruptcy Record
- Avoiding Frivolous Disputes
- Avoiding the Credit Bureau's Automated System
- Making a Settlement Offer
- To Add or Not To Add a 100 Word Statement
- What to Do if the Credit Reporting Agency is Unresponsive
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Credit Building Strategies
Credit Repair
What Is Credit?
What Is the Fair Credit Reporting Act?
The Fair Credit Reporting Act (FCRA) is a set of federal laws that regulates how a consumer's credit information is collected, shared, and used. The FCRA promotes accuracy, fairness, and privacy by outlining the responsibilities of:
- Consumer Reporting Agencies (CRAs): credit bureaus, like Experian, TransUnion, and Equifax that report your credit information to creditors, employers, landlords, insurance companies, etc.
- Furnishers of credit information: usually your creditors, but also collection agencies, employers, and courts, all of which can provide your credit information to the consumer reporting agencies.
- Users of credit information: businesses and individuals that extend credit, insurance, employment, apartments for rent, etc.
