Best CreditRx believes that educating the client makes for the best results. Knowledge is power and the more that you are able to obtain, the more you are able to put "it" to work for yourself. We have put together a list of Federal and State laws that apply to, and effect your credit. We do not expect you to read all of these laws today but it is a good idea to save these links for future reference.

Fair Debt Collections Practice Act (FDCPA) - Collection companies must validate debt with detailed billing history and endorsed contracts. The purpose of this law is to eliminate abusive collection practices, promote fair debt collection and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information’s accuracy. Cease and desist letters to collection companies are allowed under this law.

Fair Credit Reporting Act (FCRA) - Consumers have specific rights including the right to learn what information about them is in their credit bureau files, as well as the right to dispute inaccurate or incomplete information. Credit bureaus, collection agencies, and creditors are given a reasonable time to respond to a request for investigation or the derogatory information must be removed (30-45 days). Recent amendments impose responsibilities upon those who furnish information to consumer reporting agencies.

The Consumer Credit Reporting Reform Act - This is the same as the Fair Credit Reporting Act, this is it's "new" title after the amendments made to it a few years ago.

Credit Repair Organziation Act (CROA)

Consumer Reporting Employment Clarification Act of 1998
A bill to amend the Fair Credit Reporting Act with respect to furnishing and using consumer reports for employment purposes.

Collection Laws by State

IF YOUR NEEDING TO PULL YOUR CREDIT REPORT, HERE ARE SOME PLACES YOU CAN GO:

click here -> Annual Credit Report  (***OUR FAVORITE***TRULY FREE)

click here -> Free Credit Report