• Alliance Credit Repair

Consumer Reporting Agencies

Comsumers reporting agencies (CRAs) are entitiles that collect and disseminate information about consumers to be used for credit evaluation and certain other purposes, including employment. Credit bureaus, a type of consumer reporting agency, hold a consumer's credit report in their databases. CRAs have a number of responsibilities under FCRA, including the following:

CRAs must maintain reasonable procedures to ensure the maximum possible accuracy of the information contained within a consumer's reports; Provide a consumer with information about him or her in agency's files and take steps to verify the accuracy of information disputed by a consumer;

If negative information is removed as a result of a consumer's dispute, it may not be reinserted without notifying the consumer in writing within five; days and, remove negative information seven years after the date of first delinquency (except for bankruptcies (10 years) and tax liens (seven years from the time they are paid).

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