We’ve heard of the Fair Credit Reporting Act,
or perhaps you just heard of it, and you’re asking “What is the Fair Credit Reporting
Act?” My name is Andy Forman, and I’m a consumer and business bankruptcy lawyer in Tampa, Florida,
and I help people deal with credit issues every day. The Fair Credit Reporting Act is
the federal body of statutes that govern consumer credit reporting in the United States. It
has provisions that provide for how things get on your consumer credit report, how long
they can stay there, the procedures or protocols for removing them by way of dispute or otherwise.
The Fair Credit Reporting Act also provides remedies to consumers who are injured by the
inappropriate, improper, or illegal credit reporting. The Fair Credit Reporting Act has
provisions that provide for minimum statutory damages for creditors who make inappropriate,
improper credit reporting items. It also provides for remedies against the credit bureau reporting
agencies in limited circumstances, where they are party to the inappropriate credit reporting
items. The Fair Credit Reporting Act is fairly sophisticated, and should you have a question
or a claim, you’ll need to seek competent legal counsel. My name is Andy Forman. Good
luck with your credit.