The Fair Credit Reporting Act is a United States Federal law that regulates the collection, dissemination, and use of consumer information, including consumer credit information. Along with the Fair Debt Collection Practices Act F.D.C.P.A., it forms the base of consumer credit rights in the United States. It was originally passed in 1970, and is enforced by the US Federal Trade Commission and private litigants.
The rights afforded to you under the F.C.R.A. are the basis by which you are able to correct inaccurate information in your credit files. It’s important to note that any person has a right to challenge inaccurate information on their own. However, the process in dealing with a large bureaucracy can be daunting and intimidating at times.