If there is an error in a consumer's file at a consumer reporting agency, the person should:
A) hire a "credit repair" company to correct the error
B) request a hearing by an FTC Administrative Law Judge
C) notify the FTC about the error, which will have it investigated and corrected, if the loss to the consumer is "significant"
D) notify the consumer reporting agency, which changes the information or puts a statement from the consumer in the file
E) do none of the other choices

Question

Quizplus · Accepted Answer

The best course of action for a consumer would be to notify the consumer reporting agency about the error, which would either change the information or allow the consumer to put a statement in their file. It is not necessary to hire a "credit repair" company or request a hearing by an FTC Administrative Law Judge. The consumer can also notify the FTC, but this is only necessary if the loss to the consumer is significant.

If There Is an Error in a Consumer's File at a Consumer