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Fact Act Information
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| WHAT IS THE FACT ACT? |
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| The FACT Act, sometimes called FACTA, stands for the Fair and Accurate Credit Transactions Act. Passed on January 1, 2004, the FACT Act made some important changes to the Fair Credit Reporting Act (FCRA).The amendments were designed to make improvements in three major areas: |
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| 1. Access. The laws under the FACT Act are designed to help consumers get easier access to their credit files with the national credit bureaus. |
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| 2. Protection. Many of the new provisions are geared toward providing more comprehensive protection against identity theft and fraud. |
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| 3. Accuracy. Because the quality of a consumer’s credit can largely affect their ability to purchase a home or car, or to get other types of financing, the Act also aims at improving the accuracy of credit report information. |
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| Fact Act PDF from the FTC |
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| Free credit report |
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