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Implications Of “Meets FCRA Requirements” On Your Credit Report. When disputed account information is marked as “meets FCRA requirements,” it signifies that the disputed information has been investigated and found to be accurate by the credit reporting agency.

The FCRA requires accurate credit reporting The law prohibits credit bureaus from reporting false information on a consumer's credit because doing so can adversely affect their financial health. However, your responsibility as the consumer is to ensure that your file contains up-to-date and accurate information.

The Fair Credit Reporting Act (FCRA) , 15 U.S.C. § 1681 et seq., governs access to consumer credit report records and promotes accuracy, fairness, and the privacy of personal information assembled by Credit Reporting Agencies (CRAs).

What is a Consumer Report? Consumer reporting agencies (CRAs) prepare consumer reports for other businesses, including landlords. A consumer report may contain information such as a person's credit characteristics, rental history, or criminal history. These reports are covered by the FCRA.

Section 609(a) of the FCRA generally requires consumer reporting agencies to, upon request, “clearly and accurately” disclose “all information in the consumer's file at the time of the request.” To meet this standard, a file disclosure must be understandable to the average consumer.

A Notice of Correction is a piece of text up to 200 words that you can add to your credit report to explain personal circumstances and give lenders additional information.

"Account information disputed by consumer meets FCRA requirements" simply means that an investigation into a dispute is complete, and the bureau believes the account has no errors. The remark will not affect your credit by itself.

Consumer reporting agencies may not report outdated negative information. In most cases, a consumer reporting agency may not report negative information that is more than seven years old, or bankruptcies that are more than 10 years old. Access to your file is limited.

A consumer statement is a brief note that allows you to clarify to lenders the circumstances that have led to a downgrade in your credit. While including this detail won't enhance your credit score directly, it can improve your chance of qualifying for a loan.