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Questions and Answers
What is FACTA?
What is FACTA?
- A credit reporting agency
- A provision to prevent identity theft
- An amendment to FCRA (correct)
- A consumer's credit score
What does FACTA require credit reporting agencies to provide to consumers?
What does FACTA require credit reporting agencies to provide to consumers?
- One free credit report and score each month from each credit reporting agency
- One free credit score each year from each credit reporting agency
- One free credit report and score each year from one credit reporting agency
- One free credit report each year from each credit reporting agency (correct)
What is a provision of FACTA designed to prevent and mitigate identity theft?
What is a provision of FACTA designed to prevent and mitigate identity theft?
- Enabling consumers to place fraud alerts in their credit files (correct)
- Providing free credit reports to consumers
- Allowing credit reporting agencies to sell credit scores to consumers
- Requiring consumers to pay a fee for their credit reports
