The Fair Credit Reporting Act Group of answer choices gives consumers the right to request a free copy of their credit report every year. ensures that information about criminal convictions does not haunt a consumer's credit report forever. is designed to promote the accuracy of credit reports. makes it possible for a consumer to declare bankruptcy without harming his or her credit rating. All of the above.

Question

Social Studies

Precious Boyer

4 September, 23:59

The Fair Credit Reporting Act Group of answer choices gives consumers the right to request a free copy of their credit report every year. ensures that information about criminal convictions does not haunt a consumer's credit report forever. is designed to promote the accuracy of credit reports. makes it possible for a consumer to declare bankruptcy without harming his or her credit rating. All of the above.

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Answers (1)

Know the Answer?

Callie White · Answer 1

is designed to promote the accuracy of credit reports.

Explanation:

The Fair Credit Reporting Act (FCRA) is a federal law in the United States of America that serves the primary purpose of regulating credit reporting agencies and ensuring that the information they gather and distribute is fair and accurately summarizes the consumer's credit history. This law was enacted and intended to protect consumers from misinformation that may be used against them by unscrupulous means.