The Fair Credit Reporting Act in Mississippi

Does Mississippi have a Credit Report Law? 

Like other state in the nation, legislature of the state of Mississippi has decided that its residents do not need any other than those provided under the federal Fair Credit Reporting Act.

This does not mean that if you live in Mississippi you have no credit reporting rights. It only means that if you live in Mississippi, your rights are under the federal law.

What is the Fair Credit Reporting Act and how can I utilize it in Mississippi?

The FCRA provides that the credit reporting agencies like Equifax, Trans Union, and Experian must provide accurate credit reports.

The same law also requires businesses or creditors that provide or furnish information to the credit bureaus must also provide the results of a reasonable investigation if they receive a dispute from credit reporting agencies directly.

This means that in order to force a business to correct inaccurate information on your credit report under the federal FCRA, you have to reach out to the credit reporting agencies.

The reporting agencies will then reach out to the business directly. The furnisher must do an investigation to see if your dispute is accurate. 

After the business finishes its internal investigation, it must provide the results of that investigation to the credit reporting agencies.

After the credit reporting agencies receive the information from the businesses or furnishers, the credit reporting agencies must also investigate the information.

After the investigations have been completed, the results must be provided in written form from all of the credit reporting agencies .

If the credit reporting agencies and businesses in each report is still inaccurate or incomplete, residents of Mississippi have a right to file a lawsuit for damages under the Fair Credit Reporting Act.

Contact Joseph McClelland today.

If you have a question about your rights and think that there is inaccurate information on your credit report is not being corrected, reach out for a free consultation.

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