Credit Report Problems

Credit Report Problems

The Fair Credit Reporting Act in New Mexico

New Mexico has enacted a helpful statute for consumers facing a background check.  The law in New Mexico provides that a credit bureau may not report arrests and indictments pending trial, or convictions of crimes for more than 7 years from the date of release or parole.   If a full pardon is granted or a conviction did not result from the arrest, such items may no longer be reported. This law was enacted in 1969 and is therefore effective.

New Mexico has not enacted any laws that refer specifically to credit information on a consumer’s credit file. The federal Fair Credit Reporting Act provides ample protection for consumers in this area, and consumers in New Mexico should look to federal law for assistance.

Contact SmithMarco, P.C., Today

If you have an error or inaccurate information on your credit report, there are actions that you can take. Contact SmithMarco, P.C., today for a completely free case review.