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Simple English definitions for legal terms

Fair Credit Reporting Act (FCRA)

Read a random definition: infamia

A quick definition of Fair Credit Reporting Act (FCRA):

The Fair Credit Reporting Act (FCRA) is a law that makes sure that companies that collect information about people's credit are fair and honest. This law says that these companies can only share a person's credit information if they have that person's permission. The law also says that people have the right to see their own credit report for free once a year. The companies that collect credit information must keep it up to date and delete old information after a certain amount of time. The FCRA helps protect people's credit information and makes sure that everyone is treated fairly.

A more thorough explanation:

The Fair Credit Reporting Act (FCRA) is a law that was passed in 1970 to regulate consumer reporting agencies and credit reports. It applies to information that is collected, used, or expected to be used to evaluate eligibility for credit, insurance, employment, government licenses or benefits, child support, criminal history, and other business transactions involving a consumer in their role as a consumer.

For example, if you apply for a loan or a job, the lender or employer may request a consumer report from a credit reporting agency to evaluate your creditworthiness or suitability for the job. The FCRA requires that these entities obtain your consent before obtaining your consumer report.

The FCRA also requires credit reporting agencies to provide you with a free credit report once every year and to alert you if your information was used to deny eligibility for credit. The agencies must keep your report up to date and delete information after set periods of time.

Overall, the FCRA is designed to protect consumers from inaccurate or unfair credit reporting practices and to give them control over their personal information.

Fair Credit Billing Act (FCBA) | Fair Debt Collection Practices Act

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darthaifos33
14:36
like**
darthaifos33
14:36
and UPenn for that matter! Would be greatly appreciated
yay pookie! congrats!
14:39
omg this guy on the deposition is screamingggg
darthaifos33
14:39
And congrats!!!!!!<3
14:49
like it's crazy
i've heard great things about UVA! I visited upenn and hated it so much / felt so uncomfy there and the starbucks by campus got robbed while i was there waiting for my tour to start lol
darthaifos33
14:59
@OptimisticOutlier That sounds terrible, I'm sorry you had to experience that lol. Can I ask what made you feel uncomfortable? Like the sketchy vibes of the city or like the camp\us itself etc.?
darthaifos33
14:59
campus
penn is in a nice area
right next to drexel
it was campus itself, honestly i can't explain what it actually is. I felt the same way when I was touring schools for undergrad, pretty much pulled up to upenn and told my mom i knew i didn't like it and didn't need to take the tour lol
would argue with the nice area piece lol i think all of philly is kinda scary, someone pulled a gun on my team while we were down for a football game at upenn and walking around at night
but that said, i'm pretty happy i moved to pa after school and i know lots of people love upenn!
dear god is that sketchy
definetly safer than how its being described
people are absolutely crwzy
yeah yeah will 10000% agree i've had like bad outlier experiences lol
u are the optimistic outlier after all
true!
how do i tell my boss im quitting and need to take off on monday (visiting ND on monday to meet with dean and check the vibes, was gonna put in my 2 weeks regardless
16:00
NEED
16:00
i luv being an art hoe snob
amlaw
16:38
believe it or not i didn’t miss any calls
OvertReconditeSpider
18:03
Lol all of philly is a dumpster fire
OvertReconditeSpider
18:03
Yet i am moving there for law school in 14 days lol
manifestmoreadmissions
18:56
@OptimisticOutlier: congratulations!!!
21:14
I live in that area. It isn't bad at all
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