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 repair organization has the right to have accurate, current, and verifiable information removed from your credit report. The credit bureau must remove accurate, negative information from your report only if it is over 7 years old. Bankruptcy information can be reported for 10 years.
You have a right to obtain a copy of your credit report from a credit bureau. You may be charged a reasonable fee. There is no fee, however, if you have been turned down for credit, employment, insurance, or a rental dwelling because of information in your credit report within the preceding 60 days. The credit bureau must provide someone to help you interpret the information in your credit file. You are entitled to receive a free copy of your credit report if you are unemployed and intend to apply for employment in the next 60 days, if you are a recipient of public welfare assistance, or if you have reason to believe that there is inaccurate information in your credit report due to fraud.
You have a right to sue a credit repair organization that violates the Credit Repair Organization Act. This law prohibits deceptive practices by credit repair organizations.
You have the right to cancel your contract with any credit repair organization for any reason within 3 business days from the date you signed it.
Credit bureaus are required to follow reasonable procedures to ensure that the information they report is accurate. However, mistakes may occur.
You may, on your own, notify a credit bureau in writing that you dispute the accuracy of information in your credit file. The credit bureau must then reinvestigate and modify or remove inaccurate or incomplete information. The credit bureau may not charge any fee for this service. Any pertinent information and copies of all documents you have concerning an error should be given to the credit bureau.
If the credit bureau’s reinvestigation does not resolve the dispute to your satisfaction, you may send a brief statement to the credit bureau, to be kept in your file, explaining why you think the record is inaccurate. The credit bureau must include a summary of your statement about disputed information with any report it issues about you.
The Federal Trade Commission regulates credit bureaus and credit repair organizations. For more information contact:
The Public Reference Branch
Federal Trade Commission
Washington, D.C. 20580
Broker does not represent, warrant or guarantee to lessee, either expressly or impliedly, that the addition of lessee as an authorized user by the owner of one or more credit card accounts shall result in an improved fico credit score for lessee or a specific result from a lender, to include higher credit limits or more favorable loan terms, as those terms are decided by continuously changing variables and are at the sole discretion of the lender.
Credit Report Fraud Alert: If you have placed a Fraud Alert on your credit reports, it must be removed prior to adding tradelines in order for them to report accurately.
Tradelines are not permanent. After 60 days, they will show up as “terminated authorized user” on
your report. Your credit score might drop, but it might stay higher than before.
Owners, employees or agents from Improve My Credit Fitness will, from time to time, make referral
recommendations by directing our site visitors, clients, and/or prospects to companies who meet
our rigorous standards for high quality customer service and ethical business practices, and whose
services are complimentary and relative to our own. We will do this on a very limited basis because
each affiliate/recommended company will be highly scrutinized in every way possible to ensure that
desired results are nothing less than stellar. We do not, and cannot, however, guarantee the
services of these companies and in no way do we make assertions to the contrary. Therefore, all site
visitors, clients, and/or prospects agree to hold improve my credit fitness and its partners, owners,
employees and agents harmless for any and all actions taken by our recommended
companies/affiliates. In addition, let it be made very clear that the owners/operators of improve my
credit fitness do make a small commission for the referral of business to these companies.