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Under the Equal Credit Opportunity Act (ECOA), lenders and other entities that extend credit are prohibited from basing their credit decisions on characteristics including, but not limited to, age, race, color, gender, and marital status. Creditors may ask for most of this information in certain situations, but they may not…

Consumers should always request an explanation of the underlying reasons for a creditor’s decision. Consumers should ask a creditor to explain the items on the credit report that caused the extension of less favorable terms, how the credit report differs from customers who received significantly more favorable terms, and the…

Individuals must protect their personal information and credit. The harm caused by identity theft is long-lasting and costly. The attorneys at Loan Lawyers can help anyone repair their credit. Here is the third part of an article listing tips for avoiding identity theft: Keep your records and important documents in…

As identity theft grows in the country, it is important for consumers to protect their personal information and credit. The harm caused by identity theft is long-lasting. The attorneys at Loan Lawyers can help any victim of identity theft repair their credit. Here is the second part of an article…

According to FBI data, identity theft is the fastest-growing crime in the country. The harm caused by identity theft may endure for years. The attorneys at Loan Lawyers can help anyone damaged by identity theft repair their credit. Here is the first part of an article listing tips for avoiding…

Student loan debtors do have options in solving any problems with repaying student loans. If such debtors are overwhelmed or unable to afford a monthly payment, they should immediately contact the loan servicer. A qualified student loan attorney may also provide invaluable assistance. The servicer should provide information regarding any…

The Fair Credit Reporting Act (FCRA) provides individuals with many rights related to the collection and dissemination of their credit history. Here is the second part of a summary of their major rights under the FCRA: Consumer reporting agencies (CRA) may not report outdated negative information. Thus, negative information more…

I often meet with individuals who are shocked because they recently found out that a lawsuit had been filed against them months or even years earlier. They came to find out about the action after the plaintiff obtained a final judgment and was attempting to collect on the judgment. There…

One of the many differences between a chapter 7 and chapter 13 bankruptcy is that; the filing of a chapter 13 bankruptcy allows the debtor to retain its unexempt assets while making payments towards its creditors. The percentage that is paid back to the creditors ranges from one percent to…