The Fair Credit Reporting Act: 11 Important Rights - The Credit Pros

The Fair Credit Reporting Act (FCRA) provides consumers with rights to protect their credit information and ensure fair reporting. These rights include access to credit reports, limited sharing of information, and time limits on negative credit information. Negative credit reports typically stay for 7 years, with bankruptcies up to 10 years. Hard inquiries last for 2 years. It's important for consumers to be aware of their rights to maintain control over their credit data and address any discrepancies.