The Fair Credit Reporting Act (FCRA) is designed to help ensure that credit bureaus furnish correct and complete information to businesses to use when evaluating your application. Your rights include:
The right to receive a copy of your credit report. The copy of your report must contain all of the information in your file at the time of your request.
The right to know the name of anyone who received your credit report in the last year for most purposes or in the last two years for employment purposes.
Any company that denies your application must supply the name and address of the credit bureau they contacted, provided the denial was based on information given by the credit bureau.
The right to a free copy of your credit report when your application is denied because of information supplied by the credit bureau. Your request must be made within 60 days of receiving your denial notice.
If you contest the completeness or accuracy of information in your report, you should file a dispute with the credit bureau and with the company that furnished the information to the bureau. Both the credit bureau and the furnisher of information are legally obligated to investigate your dispute.
A right to add a summary explanation to your credit report if your dispute is not resolved to your satisfaction.
South Carolina Request for Disclosure of Reasons for Increasing Charge for Credit Regarding Credit Application Where Action Was Based on Information Not Obtained by Reporting Agency is a legal document that allows individuals to request information regarding an increase in charges for credit when a credit application is based on information not obtained by a reporting agency. In South Carolina, there are various types of requests that can be made, including: 1. Standard South Carolina Request for Disclosure: This is the general form used to request disclosure of reasons for increasing charges for credit when the action is based on information not obtained by a reporting agency. 2. South Carolina Request for Disclosure for Mortgage Applications: This form is specifically designed for individuals who have applied for a mortgage and need to request disclosure of reasons for an increased charge for credit if the action was based on information not obtained by a reporting agency. 3. South Carolina Request for Disclosure for Auto Loans: Similar to the mortgage application form, this request is tailored for individuals who have applied for an auto loan and wish to obtain information regarding an increased charge for credit if the action was based on information not obtained by a reporting agency. 4. South Carolina Request for Disclosure for Personal Loans: This form is specific to individuals who have applied for a personal loan and need to request disclosure of reasons for an increased charge for credit if the action was based on information not obtained by a reporting agency. The main purpose of these forms is to ensure that individuals have the right to understand why their credit charges have increased when the decision was based on information not obtained through a reporting agency. By using these forms, individuals can exercise their right to full disclosure and take appropriate action if necessary.
