<P> Notice before negative information is reported: We may report information about your account to credit bureaus . Late payments, missed payments, or other defaults on your account may be reflected in your credit report . </P> <P> Notice after negative information is reported: We have told a credit bureau about a late payment, missed payment or other default on your account . This information may be reflected in your credit report . </P> <P> Consumer reporting agencies (CRAs) are entities that collect and disseminate information about consumers to be used for credit evaluation and certain other purposes, including employment . Credit bureaus, a type of consumer reporting agency, hold a consumer's credit report in their databases . CRAs have a number of responsibilities under FCRA, including the following: </P> <Ol> <Li> CRAs must maintain reasonable procedures to ensure the maximum possible accuracy of the information contained within a consumer's report; </Li> <Li> Provide a consumer with information about him or her in the agency's files and take steps to verify the accuracy of information disputed by a consumer; </Li> <Li> If negative information is removed as a result of a consumer's dispute, it may not be reinserted without notifying the consumer in writing within five days; and, </Li> <Li> Remove negative information seven years after the date of first delinquency (except for bankruptcies (10 years) and tax liens (seven years from the time they are paid). </Li> </Ol>

What is a consumer reporting agency under fcra