About the Fair Credit Reporting Act (Get in touch, for mortgage help or rate quotes: https:JGraff.AdvisorsMortgage.com) Your credit history is an important factor that's taken into consideration when you apply for a mortgage. So making sure the information in your credit report is accurate is essential. Here is a summary of your rights under the fair credit reporting act:
You must be told if information in your file has been used against you to deny your application for credit.
You have the right to know what is in your file. You have the right to ask for your credit score.
You have the right to dispute incomplete or inaccurate information and consumer reporting agencies must correct or delete inaccurate, incomplete, or unverifiable information.
In most cases a consumer reporting agency may not report negative information that is more than 7 years old or bankruptcies that are more than 10 years old.
You must give your consent for reports to be provided to employers.
Identity theft victims and active duty military personnel have additional rights.
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