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How does the fair credit reporting act help the consumer

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The Fair credit reporting act is the law that protects consumers from miscommunication being used against them. It helps consumers by offering special guidelines on the methods of credit reporting and provide them access to their own credit report. In addition, protected access is also provided to banks, insurance companies or other businesses that offer credits. It also allows consumers to receive a notification of any possible negative notification as well as protect personal account numbers.

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User Stillie
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