Fair Credit Reporting and Consumer Credit
Identity theft and Fair Credit Reporting Act (FCRA)
The threat of identity theft and how consumers might prevent it are two good reasons why consumers should understand their rights under consumer legislation such as the Fair Credit Reporting Act (FCRA). The 2007 Identity Fraud Survey Report released by Javelin Strategy and Research found that the number of U.S. adults who became victims of identity fraud dropped significantly from 10.1 million in 2003 and 9.3 million in 2005 to 8.4 million in 2007.
Consumers can find more information about the foregoing study and other privacy rights information at PrivacyRights.org. When consumers take charge of credit, they can protect themselves from some instances of fraud. Read all post…