1. FCRA are your federal rights as it relates to creditors and anyone else who reports information to the credit reporting agencies about you, whether it's negative or positive, those laws say that what they are reporting must be accurate.
2. It protects consumers from potential harmful incorrect input information that will or may cause your credit worthiness to be adversely affected.
3. A way to regulate anyone reporting information about you as well as the credit reporting agency acting in concert with the clients who pay them money for their services.
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