If you did not realize the Fair Credit Reporting Act was enacted in’70 to guard consumers against inaccuracies and inconsistencies on reported credit, it was. This law allows consumers to dispute wrong and fictitious listings on their credit report such as charge-offs, late payments, repossession and more. It also allows consumers to receive their own credit report fully free of charge each year.

Fair Credit Reporting Act may be the most critical when it comes to credit repair but there are two other essential laws that can also change your credit repair efforts. It is judicious to learn about these laws too.

Also, the Fair Credit Reporting Act is the foundation of all credit repair but the FCBA or the Fair Credit Billing Act and the FDCPA or the Fair Debt Collection Practices Act are also both essentially important for an efficient credit repair plan.

The Fair Credit Billing Act otherwise recognized by the acronym FCBA requires creditors to invoice accurately and entirely. It prohibits unauthorized charges, charges that have the erroneous date or sum, charges for merchandise or services that you did not agree to or were not delivered as decided upon, failure to post payments or other credits and failure to send bills to your present address, provided any changes of address were received 20 days prior to the billing cycle. It also allows you as the consumer to ask for a written substantiation of purchase and requests for explanation.

The FDCPA was planned to protect consumers from uncalled for and unjust collection agencies and tactics. It was enacted to guard average consumers from some of the terrible practices that collection agencies frequently engaged in the past.

For case in point, a collection agency can no longer call any third party who does not owe the debt. They cannot issue fake intimidation of referring your case to an lawyer or to reporting it on your credit in order to intimidate you to pay. They can only telephone you within reasonable hours usually between 8:00 am and 9:00 pm but for they have your okay for them to call at other hours. They may not call you at not convenient or unusual times or places if you let them know that what is undesirable.

FDCPA has a long list of limitations and standard behavior for collection agencies to follow. You can specifically request that they do not call you at undesirable places or times and to be safe you should doubtless do it in writing. If you have questions about the Fair Debt Collections Practices Act you can perform an Internet search and read the law in its entirety.

Do you realize as a credit consumer these three laws are important. You can use any or all of them as an advantage when you are completing credit repair so it is wise to be aware of them.

Whether you like it or not repairing your credit could become needed at some point. If you need further information about credit repair uk visit http://724Credit.com and don’t forget to sign up for a free credit repair course.