The FCRA states that:
- Credit reporting agencies have to provide consumers with any information in their credit file upon request once a year.
- It limits who can have access to your file – this includes banks, insurance companies, landlords, employers or others doing business that involves providing credit.
- If any inaccurate information is found in your file, then the consumer reporting agency must look at the disputed information and remove it if it cannot be verified.
- Negative information must be removed from your file after seven years, except for bankruptcy, which can remain on record for up to ten years.
- Provide you with information about your credit scores.
- Consumers can choose to opt out from unsolicited offers for credit or insurance.