Finance
A Wisconsin borrower applies for a mortgage and the lender pulls their credit report. Under the Fair Credit Reporting Act (FCRA), the borrower has the right to:
ADemand the lender destroy their credit report
BReceive a copy of the report and dispute inaccurate information✓ Correct
CHave all negative items removed before the lender uses the report
DPrevent the lender from using their credit report without paying a fee
Explanation
The Fair Credit Reporting Act gives consumers the right to receive a copy of their credit report, be informed of adverse action taken based on it, and dispute inaccurate information with the credit bureau.
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