FCRA Common Violations
FCRA – Fair Credit Reporting Act as directed towards the Credit Bureaus
Credit bureaus enjoy no governmentally sanctioned “official” status. Two are privately owned and Equifax is publicly traded. Their primary business is to buy and sell information, which is gossip.
FCRA violation: credit report accessed without a permissible purpose. This is when they can’t show that you applied for credit, employment, insurance, etc., and they don’t have a prior relationship with you!
FCRA violation: not properly verified the debts within the reasonable time period prescribed by FCRA
FCRA violation: tradeline verification despite proof that such verification is impossible. The “reasonable time period” has been held by courts to be 30 days.
FCRA violation: insufficient and incomplete investigation
FCRA violation: failure to provide information regarding an investigation pursuant to 611(a)(3)( C)
FCRA violation: failure to provide the requisite notice regarding an investigation’s procedural and contact information pursuant to 611(a)(6)(B)(iii)
FCRA violation: willful noncompliance with the FCRA. If a credit bureau demonstrates a pattern of neglecting to comply with the law, one presumes that they are DELIBERATELY doing wrong.
FCRA violation: Marking unverified the debts as valid within the reasonable time period prescribed by statute FCRA.
FCRA violation: failure to provide information regarding an investigation pursuant to 611(a)(3)( C )