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.
A Wisconsin Request for Disclosure of Reasons for Denial of Credit Application Where Action Was Based on Information Not Obtained by Reporting Agency is a legal document that allows individuals in Wisconsin to request disclosure of the reasons behind the denial of their credit application when the decision was made based on information not obtained by a reporting agency. In Wisconsin, there are different types of Request for Disclosure of Reasons for Denial of Credit Application, depending on the specific circumstances. Some of these types include: 1. Request based on non-reporting agency information: This type of request is used when a credit application has been denied, but the decision was made based on information not obtained from a reporting agency, such as personal references, employment history, or other non-traditional sources. 2. Request based on incorrect information: If an individual believes that the denial of their credit application was based on incorrect information provided by a reporting agency, they can file a request to disclose the reasons behind the denial. 3. Request based on outdated information: This type of request is relevant when a credit application is denied due to outdated or inaccurate information provided by a reporting agency. Individuals can request disclosure of the reasons behind the denial and seek remedies for the inaccurate data. 4. Request based on incomplete information: When a credit application is denied due to incomplete information provided by a reporting agency, individuals can file a request to learn the reasons for the denial. By submitting a Wisconsin Request for Disclosure of Reasons for Denial of Credit Application Where Action Was Based on Information Not Obtained by Reporting Agency, individuals can gain insights into the factors that led to the denial of their credit application. This request aims to promote transparency and ensure that decisions are made on accurate and complete information.
