top of page

Fair Credit Reporting Act (FCRA)

Understanding your rights and how to dispute inaccurate information on your credit report

In accordance with federal regulations, all credit repair services must be initiated through our secure online platform. No payment processing or enrollment via phone.

What is the Fair Credit Reporting Act?

The Fair Credit Reporting Act (FCRA) is a federal law that regulates the collection, dissemination, and use of consumer credit information. It provides consumers with specific rights regarding their credit reports and establishes the framework for the credit reporting system in the United States.

Your Rights Under the FCRA

  • Access your credit report for free annually

  • Dispute incomplete or inaccurate information

  • Have outdated information removed

  • Limit access to your credit report

  • Seek damages from violators

Credit Report Errors

  • Identity errors and mixed files

  • Incorrect payment status

  • Data management errors

  • Balance errors

  • Duplicate accounts

How to Dispute Credit Report Errors

Step 1: Review Your Credit Reports

  • Order your credit reports from all three major credit reporting agencies (Equifax, Experian, and TransUnion) through Scorefusion.

Step 2: Identify Errors

  • Review each report carefully for inaccuracies, including personal information, account details, and public records

Step 3: Gather Documentation

Collect supporting documents that prove the information is incorrect

Step 4: File Your Dispute

Submit your dispute online, by mail, or by phone to both the credit reporting agency and the information furnisher. ⚠️ Important Notice: Submitting a dispute online will leave you with a few pre-written options from the credit bureaus, Credlocity always recommends you submit your dispute in writing via US mail.

Important FCRA Timeframes

  • 30 days: Credit bureaus must investigate disputes

  • 45 days: Maximum extension for complex investigations

  • 5 days: Time to notify you of investigation results

  • 7 years: Most negative information stays on reports

  • 10 years: Bankruptcy information retention period

Penalties for FCRA Violations

  • Actual damages: Compensation for harm caused

  • Statutory damages: Up to $1,000 per violation

  • Punitive damages: For willful noncompliance

  • Attorney's fees and costs: If you prevail in court

In accordance with federal regulations, all credit repair services must be initiated through our secure online platform. No payment processing or enrollment via phone.

Credlocity

Admin@credlocity.com
Tel: (267)-225-4198
1500 Chestnut Street, Suite 2
Philadelphia, PA 19102

Credlocity official logo
Apple App Store Official Logo
Google App Store Official Logo

Trust

Report Credit Repair FraudState Attorneys GeneralMany states also have laws regulating credit repair companies. If you have a problem with a credit repair company, report it to your local consumer affairs office or to your state Attorney General (AG).Federal Trade CommissionYou also can file a complaint with the Federal Trade Commission. Although the FTC can't resolve individual credit disputes, it can take action against a company if there's a pattern of possible law violations. File your complaint online at ftc.gov/complaint or call 1-877-FTC-HELP.Did we treat you unfairly? Did we break the law? Contact the Pennsylvania Attorney Generals Office or the Philadelphia District Attorneys Office.​Credlocity will always provide honest, fair, and legal services TRUST that.​

Disclaimer/Disclosure

Credlocity Business Group LLC is the parent company of Credlocity formerly known as Ficostar Credit Services and is in no way affiliated with FICO © 2020 Fair Isaac Corporation. FICO is a company that offers a credit scoring model called the FICO® Score. FICO score is a type of credit score created by the Fair Isaac Corporation. Lenders use borrowers' FICO scores along with other details on borrowers' credit reports to assess credit risk and determine whether to extend credit.

*VERY IMPORTANT DISCLOSURE*

We are a credit repair company. You have the right to dispute anything on your credit report yourself. This right is outlined in The federal Fair Credit Reporting Act (FCRA) which promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies.

Diversity and inclusion policy

Privacy policy

Refund Policy

Website and App Privacy Policy

Travel Partnership Refund Policy

Terms Of Services

Privacy Notice

Copyright © 2024 Credlocity Business Group LLC. All rights reserved. Credlocity does not provide legal advice. Credlocity does not guarantee the permanent removal of verifiable tradelines. Credlocity requires active participation from its clientele regarding requested documents and information, including investigation results for the sought-after outcome of a healthy, accurate credit report. Individual results may vary.

bottom of page