Disclosure Statement Fair Credit Reporting Act - Would you want a company rooting around in your credit history without your knowledge?
Of course you wouldn't!
The good news is, you have the right not only to know what is in your credit report, but you also have the right to contest any information that you believe to inaccurate.
Surely, there will come a time in which you need to get your information from a reporting agency.
When that time comes, a form like this Disclosure Statement Fair Credit Reporting Act should be the first piece of documentation they present you with.
This letter gives a detailed account of your rights for an accurate credit report.
If there is a dispute to the accuracy of credit information, this letter can help you obtain any accurate information you need.
[name of credit reporting agency] is a "consumer reporting agency" and, under the Fair Credit Reporting Act, must report information in a manner that is fair and equitable to consumers.
The Fair Credit Reporting Act gives you the right to have incomplete or incorrect information re-investigated by [name of credit reporting agency], unless the request is of a frivolous nature. If the information is found to be inaccurate or cannot be verified, you have the right to have such deleted from your file.
If you dispute information [name of credit reporting agency] has in their file, and such dispute cannot be resolved, you have the right to have your version of said dispute placed in your file and included in future consumer reports.
You have the right to be notified whenever information reported by [name of credit reporting agency] results in a denial of credit or an increase in the cost of credit to you.
You also have the right to disclosure, by telephone or in person and upon proper identification, of the nature and substance and the names of sources of the information in your file.
[name of credit reporting agency] will provide you with a copy of all information in your file, by mail, upon your request of same.