3. Your Rights
The Fair Credit Reporting Act is the list of laws which oversee consumer rights in the U.S. . What most people probably aren’t aware of is that annually every U.S. citizen is entitled to a free copy of their report. If you are denied credit you are entitled to a copy of the credit line or “reason” why you were denied and a copy of that accompanying credit report as well. A consumer is also entitled to dispute any item on their credit report that they believe to be incorrect. After a credit claim is disputed that creditor holding the item has 30 days to provide evidence to the credit reporting agency that the line item is correct or else it will be removed from that consumers report.