15:15
yeah but it's also including people below your stats
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LSDefine
Simple English definitions for legal terms
FCRA
Read a random definition: Chief of Protocol
A quick definition of FCRA:
The FCRA is a law that tells companies who collect information about people's credit how they can use and share that information. It also gives people the right to see their own credit report, correct any mistakes, and limit who can see their information.
A more thorough explanation:
The Fair Credit Reporting Act (FCRA) is a federal law that regulates how credit bureaus collect, access, use, and share information about individuals and businesses. The FCRA includes rules about:
- Disclosing credit reports to individuals upon request
- Limiting who can access credit information
- Providing opportunities to dispute and correct inaccurate data in credit reports
For example, if you apply for a loan or credit card, the lender may request a copy of your credit report from a credit bureau. The FCRA requires the credit bureau to provide the lender with accurate information and to give you a copy of your credit report if you request it.
If you find errors in your credit report, the FCRA gives you the right to dispute the errors with the credit bureau. The credit bureau must investigate your dispute and correct any errors within a certain timeframe.