With the availability of information and the number of people who are using their personal information on various devices, it is understandable that St. Louis residents are concerned about identity theft. Since identity theft is a criminal act that is growing in frequency and damaging people in myriad ways, it is important for people to protect themselves. The Fair Credit Reporting Act allows people to shield themselves with a fraud alert. Of course, when people are dealing with identity theft and are seeking to repair their credit after these criminal acts, legal assistance is essential.
Missourians who are dealing with financial concerns based on their credit reports are frequently unaware of their rights under the Fair Credit Reporting Act. Since it is vital to have functional credit, an accurate credit score is imperative. Credit reporting agencies are not immune to mistakes and people who have been victimized by identity theft can have their credit negatively impacted and face extensive challenges because of it. Knowing about the law and what rights are available is critical.
A common reason that Missouri consumers find themselves targeted for abuse from debt collectors, credit agencies and others is that they are unaware of their rights under the Fair Credit Reporting Act (FCRA). With FCRA, people are accorded the right to have accurate, fair and private information about their finances used in an appropriate manner. Part of that is designed to stop abuse and protect people regarding information that is in their credit file. Knowing about how information in the file is shielded under FCRA, the consumer's rights is imperative and there is legal recourse if there are problems.