The Fair Credit Reporting Act 15 USC 1681 (1992) and (1996) is an American federal law that regulates the collection dissemination and use consumer credit information along w/ the Fair Debt Collection Act. This forms the base of consumer credit rights inside the U.S. This act also sets up guidelines 4 debt collectors on how to conduct business rights of consumers involved w/ debt collectors.
These acts protect those inside debt from being harassed from creditors and to allow debtors to receive true and fair discharged debt information on a credit report. These acts are set inside place so that debtors are fairly treated when paying debts, dealing w/ debt collectors or trying to purchase homes after bankruptcy.
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