What rights do consumers have under the FCRA?

Under the Fair Credit Reporting Act (FCRA), consumers have specific rights that empower them to manage their credit information. One of the fundamental rights enshrined in the FCRA is the ability to dispute inaccuracies found in their credit reports. This means that if a consumer identifies an error or misleading information in their credit report, they have the right to challenge that information and ask for it to be corrected.

Additionally, consumers are granted access to their credit reports, which allows them to review the information that credit reporting agencies have on them. This right ensures transparency and enables consumers to take action if their credit file contains inaccuracies.

The correct choice highlights both the ability to dispute inaccuracies and the right to access reports, which are key elements of consumer protection under the FCRA, facilitating informed financial decisions and ensuring the integrity of credit reporting practices.