Uses and Application of the FCRA (Fair Credit Reporting Act)

The FCRA (Fair Credit Reporting Act) also require the banks to submit all the evaluations

and assessments established regarding the financial status of the consumer. This is done in order to maintain transparency. All the payments, transactions and other financing records would be directly presented to the proper government agencies. This can also be used as evidence if ever a consumer has claimed that the banks violated protocols and laws.

Uses and Application of the FCRA (Fair Credit Reporting Act)

By: Herschel Bentley

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