Delaware has no Fair Credit Reporting Act. The residents of Delaware should look to the federal Fair Credit Reporting Act for all issues regarding inaccurate credit reports and employment purposes.
Having issues on your credit report can significantly decrease your credit scores.
As you know, when you have lower credit scores, the businesses that you apply for credit will either deny you credit or give you credit at a much higher interest rate.
For example, you may want to purchase your first home. But, when you complete the mortgage application, you are denied. When you find out why you got declined for the loan you learn that there are accounts opened in your name that you have never heard of.
Or, let's say you have a son who is about to turn 16. You have been waiting to get him a car so he can drive he and his sister to school and sports. You go down to the dealership with him to show him how it's done. You do a great job negotiating, but your credit is denied. You are shocked. You are embarrassed. To make it worse, it was not your fault. An old Visa is reporting that you have an open balance and gave it to a collector, when you have have proof you paid.
You try to make the companies remove the false accounts, but they won't listen.
Because of this, your life becomes more expensive, and things that you desire will be out of your reach.
Given that errors can cause so much damage, Congress passed a law to make sure credit reports are more accurate.
This is the Fair Credit Reporting Act.
Under this law, you have a right to dispute directly to the credit reporting agencies anything on your credit report that is inaccurate.
Once you have disputed directly to them, they must notify the business that furnished or provided the information about your dispute. The business must then investigate your dispute.
If your credit report is still inaccurate after disputing to the credit agencies, you may be entitled to damages under the law for their violations of the Fair Credit Reporting Act.
Contact Joseph McClelland, Esq.
If you feel that your rights have been violated under the Fair Credit Reporting Act, reach out today.
See our information of the Fair Credit Reporting Act in these states: (We are still building out each state's page)
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming