Consumer Credit File Rights Under State and Federal Law
Consumer Credit File Rights Under State and Federal Law
You have a right to dispute inaccurate information in your credit report by contacting the credit bureau directly.
However, neither you nor any “credit repair” company or credit advisory service has the right to remove accurate, current, and verifiable information from your credit report.
The credit bureau must remove inaccurate, incomplete, or unverifiable information.
Your Rights Include
You have the right to obtain a copy of your credit report from a credit bureau.
You may obtain your credit report from each of the nationwide consumer reporting agencies.
Federal law allows you to obtain a free copy of your credit report once every 12 months from each of the major credit reporting agencies.
You may request your free credit report by visiting:
www.annualcreditreport.com
or by calling:
877-322-8228
You Have the Right to Dispute Inaccurate Information
If you believe that information in your credit report is inaccurate or incomplete, you have the right to dispute that information directly with the credit reporting agency.
The credit bureau must investigate your dispute and correct or remove any information that cannot be verified.
You Have the Right to Add a Statement
If the credit reporting agency’s investigation does not resolve your dispute, you may add a brief statement to your credit report explaining your position.
This statement will appear in your credit file and be visible to future creditors.
You May Seek Legal Assistance
If a credit reporting agency, creditor, or debt collector violates federal or state law regarding your credit rights, you may have the right to sue them in court.
Beware of Credit Repair Scams
You should be aware that companies that promise to remove accurate negative information from your credit report may be violating federal law.
No company can legally remove accurate and timely negative information from a credit report.
Only inaccurate or unverifiable information may be removed.
You Have the Right to Cancel
You have the right to cancel any contract with a credit services company within three business days of signing the agreement.
Cancellation must be made in writing.
Additional Information
For more information about your credit rights under federal law, you may contact the Federal Trade Commission (FTC):
Federal Trade Commission
Consumer Response Center
Washington, DC 20580
Consumer Response Center
Washington, DC 20580
Website: www.ftc.gov
About Our Services
Capital Score Advisory, operated by Credit Score Advisory, provides credit education, consultation, and guidance to help consumers better understand their credit reports and available options.
Our services are advisory and educational in nature.