Question

Credit card users are entitled to certain rights under the Fair Credit Reporting Act. Explain why you think these rights are important, using evidence to support your claim.

Answer 1

These rights are important because they protect the interests of credit card holders & allow consumers to have access to free credit reports at least once a year. It’s good to know your information, it may influence you to do better if you're not doing well!

Answer 2

The Fair credit reporting act contains right entitled to credit users which play a crucial role in protecting them from fraud and theft, among other risks.

Step-by-step explanation:

The rights under the Fair Credit Card reporting act are meant, basically to protect and ensure that all activities that revolve around the credit card are safe.

Theft and fraudulent activities are minimized by this rights, all the security benefits enjoyed by the credit card users are ensured by this rights.

Private information and data which belongs to the credit card users are safeguarded and strictly made private to the user. Their information is easily accessible by the user.