FEDERAL AND STATE LAW DISCLOSURE
You have the right to dispute inaccurate information in your credit report by contacting the credit bureaus directly. However, neither you nor any “credit repair” company or credit repair organization has the right to have accurate, negative information removed from your credit report before it is seven years old. Bankruptcy information can be reported for ten years. You have the right to obtain a copy of your credit report from a credit bureau. The credit bureau must provide someone to help you interpret the information in your credit file. You are entitled to receive a free copy of your credit report if you are unemployed and intend to apply for employment in the next 60 days, if you are the recipient of public welfare assistance, or if you have reason to believe that there is inaccurate information in your credit report due to fraud
You have a right to sue a credit repair organization that violates the Credit Repair Organization Act. The law prohibits deceptive practices by credit repair organizations.
You have a right to cancel your contract with any credit repair organization for any reason within 3 business days from the date you signed it. Credit bureaus are required to follow reasonable procedures to ensure that the information on the report is accurate. However, mistakes may occur.
You may, on your own, notify a credit bureau in writing that you dispute the accuracy of information in your credit file. The credit bureau must then reinvestigate and modify or remove inaccurate or incomplete information. The credit bureau may not charge any fee for this service. Any pertinent information and copies of all documents you have concerning any error should be given to the credit bureau. If the credit bureau’s reinvestigation does not resolve the dispute to your satisfaction, you may send a brief statement to the credit bureau, to be kept in your file, explaining why you think the record is inaccurate. The credit bureau must include a summary of your statement about disputed information with any report it issues about you.
The Federal Trade Commission regulates credit bureaus and credit repair organizations. For more information contact: The Public Reference Branch, Federal Trade Commission, Washington D.C. 20580.
SPECIFIC STATE DISCLOSURE – VIRGINIA
You have the right to review your file maintained by any consumer reporting agency, and the right to receive a copy of your consumer report from the consumer reporting agency, containing all information in that file as provided under the Federal Fair Credit Reporting Act (15 U.S.C. § 1681g);
You have a right to receive a copy of your consumer report free of charge by the consumer reporting agency if requested within 30 days of receiving a notice in a denial of credit as provided under the Federal Fair Credit Reporting Act (15 U.S.C. § 1681j). A nominal fee may be imposed by the consumer reporting agency for copy of your consumer report if you have not been denied credit within 30 days from receipt of your request;
You have the right to dispute the completeness or accuracy of any item contained in any file that is maintain by any consumer reporting agency, as under the Federal Fair Credit Reporting Act (15 U.S.C. § 1681i);