Term: Fair Credit Reporting Act
2 found

Why Does Negative Info Stay on Credit Reports for 7 Years?

By Steven Shaw on 10/7/2014

Why Does Negative Info Stay On Credit Reports for 7 Years?

Under the Fair Credit Reporting Act, most negative information can be reported on credit reports for seven years. Why seven? Why not five, or 10 or some other amount of time?

Fair Credit Reporting Act
FCRA
negative credit information

How Private Is Your Credit Score?

By Steven Shaw on 12/17/2013

credit score privacy

Many of us may be oversharing on social media, but there are some things most people prefer to keep private;  you don’t see too many salaries posted, nor do you see credit scores.

Are your credit scores all that private though? Yes… and no.

credit score
credit scores
Fair Credit Reporting Act