All consumer reporting agencies must abide by the Fair Credit Reporting Act (FCRA). Suppose you were recently denied a bank account or credit due to wrong information in your credit report. In that case, you could question why you were not provided a copy of the report and a summary of your rights under the FCRA.
These reports contain information such as bounced checks, overdrafts, unpaid balances, suspected frauds, identity thefts, etc. Consumer reporting agencies have gained a negative reputation due to the number of cases they have mishandled. They don't make it easy on the consumers when questioned or told to correct reports. The dispute process is slow and unclear, and these companies don't prioritize consumers since they are not their clients – banks and lending institutions are.
Since there is no payment involved in these cases, they are not properly managed and are poorly handled. If FCRA rights are not being met by these consumer reporting companies, you have the right to sue them and anyone else involved in the process. If you have been in a similar situation, you should get a free copy and examine your report.
When you have big companies as your opponent, you need a powerful legal ally who will guarantee your rights are secure under the FCRA. You need to be smart and quick about your decisions, as your credit score will be taking the hit.
If your credit report has damaging errors, consult Consumer Attorneys at (877) 615-1725 for immediate assistance, or you can fill out a free case review on our website. We will inform you of your next move!
Here's a list of the most common check and bank screening companies: