The Dottie & Kate Team
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Fair Credit Reporting Act

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The Fair Credit Reporting Act (FCRA) is a federal law that protects citizens and their financial information. There are several rights that people are granted under the Fair Credit Reporting Act that anyone attempting to purchase property should be aware of.

1. If the information in your credit report or any consumer report is used in such a way that your application for credit is denied, or you are denied insurance or employment, you must be told what agency provided the information as well as the contact information for that agency.

2. Any person with a credit report has the right to know what is contained in that report. People are able to secure a free copy in various instances, including when adverse action has been taken, they are the victim of identify theft, or they are on public assistance. People are also entitled to one free report every 12 months.

3. If you choose to do so, you may request your credit score. This can be useful to understand what you may or may not qualify for when shopping for a mortgage loan.

4. After receiving your credit report, you may notice errors in that report. You have the right to dispute any inaccurate information you discover and the reporting agency must investigate your claims provided they are not frivolous.

In many cases, the real estate agent you are working with can provide you with a free copy of your file and explain what it contains. This report can be provided by the mortgage lender as you begin the process of shopping for a loan.
Dottie Toney                                                                                                                                                                                                                       Kate Swarthout
Keller Williams Realty                                                                                                                                                                                       Keller Williams Realty

Cell:
770-715-0512                                                                                                                                                                                                        Cell: 770-715-0612
Email: dottietoney@kw.com                                                                                                                                                                      Email: kateanne@kw.com
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  • Home
  • Find a home
  • Featured Properties
    • 225 Late Rise Rd
    • 120 Friddell Rd
    • 1600 A Hwy 81
    • 1809 Stark Rd
    • 13759 Woolsey Rd
    • 225 Tussahaw Ln
    • 469 Parker Rd
    • 267 McDonough Rd
    • 1600 B Hwy 81
    • 115 June Court
    • 332 Roberts Point Road
    • 7625 Wright Circle
    • 695 Moreland Road
    • 2551 Hidden Hills Drive
    • 110 Walnut Ridge Way
    • 108 Greenland Drive
    • 29 Highland Circle
    • 521 Blue Cedar Court
    • 779 Crumbley Road
    • 2933 Old Snapping Shoals
    • 171 W Nuthatch Drive
    • 1809 Stark Rd
    • 118 Bell Road
  • Home Staging
  • RESOURCES
    • Blog
    • Selling Tips
    • Locations
    • FAQ
    • Real Estate Glossary
  • Contact