What does FCRA entitle an individual to if credit is denied?

When credit is denied, the Fair Credit Reporting Act (FCRA) entitles an individual to a free credit report. This provision is designed to ensure that consumers can understand why their credit was denied and to verify the accuracy of the information in their credit report. By offering a free credit report, the FCRA aims to promote transparency and give individuals the opportunity to dispute any inaccuracies that may have contributed to the denial of credit, thereby protecting consumer rights in the credit reporting process.

The other options, such as free insurance, appraisal, or home inspection, are not provisions included in the FCRA and do not relate directly to the measures intended to help individuals understand and address credit denials.