What is one of the consumer rights established by the Fair Credit Reporting Act?

One of the consumer rights established by the Fair Credit Reporting Act is that consumers can request a free copy of their credit report once a year. This provision is essential because it allows individuals to review their credit history without incurring a cost, enabling them to check for inaccuracies, identify potential fraudulent activity, and understand their overall credit standing. By having access to their credit report, consumers are empowered to take control of their financial health and make informed decisions about credit.

The other options do not accurately reflect the rights granted by the Fair Credit Reporting Act. For instance, consumers are not limited to disputing only negative information; they can dispute any inaccurate or incomplete information, regardless of whether it is positive or negative. Additionally, consumers cannot block all access to their credit report; they have specific rights concerning who can access their report under certain circumstances. Lastly, consumers are not required to pay to access their credit scores, as various financial institutions and services provide this information without charge.