Credit Repair
Consumer Credit Protection Laws
THE LAWS WE EXERCISE ON OUR CLIENTS BEHALF
Consumer Credit Protection Statutes
The following laws enacted by congress give you the right to repair your credit reports. And monitor the actions of the Credit Reporting Agencies (CRAs) and Original Creditors.
Moreover, while working on a client’s case file to obtain the desired results, we exercise these statutes on their behalf.
FAIR CREDIT REPORTING ACT
Passed in 1970 and amended in 2018, the FCRA is the primary federal law governing the collection and reporting of consumer credit information. Further, it helps consumers understand what actions they can take regarding the information in their credit reports. And it allows individuals to dispute items directly with the Credit Reporting Agencies (CRAs) plus Original Creditors.
FAIR DEBT COLLECTIONS PRACTICES ACT
The Fair Debt Collection Practices Act (FDCPA) is a federal law passed in March 1978 and amended in 2010 that limits the behavior and actions of a second or third-party debt collector attempting to collect debt on behalf of another person or entity.
FAIR AND ACCURATE CREDIT TRANSACTION ACT
As an amendment to the Fair Credit Reporting Act (FCRA), the Fair and Accurate Credit Transaction Act (FACTA) of 2003 is a United States federal law passed by the U.S. Congress on November 22, 2003, which stated the purpose is to protect consumers against identity theft.
However, the most well-known feature of the Act is that it gives all U.S. citizens free access to their credit reports once per year; through annualcreditreport.com.
FAIR CREDIT BILLING ACT
The Fair Credit Billing Act (FCBA) is a 1974 federal law designed to protect consumers from unfair credit billing practices. It also describes consumers’ rights to dispute credit card issuers’ charges.
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