The Fair Credit Billing Act provides a way for consumers to dispute charges on their credit accounts and temporarily withhold payment without their credit score taking a hit as a result. If you’ve been charged for a product or service that you did not purchase, or you were overcharged for…
Category: Fair Credit Reporting Act
It’s important to regularly review your credit report and dispute any errors that are on it. If there are mistakes on your report, such as debt that is not yours or that you’ve already paid off, leaving them on there could do real damage. Not only will it negatively affect…
With the year halfway through, now is as good a time as any to take stock of how you have been doing with those 2019 New Year’s resolutions. While we cannot help you with bulking up those muscles or slimming your waistline down, we can be of assistance in getting…
As we head into the final quarter of 2018, this time is as good as any for you to take a look at your financial health. While the task overall may seem daunting, particularly if you have avoided the issue of your financial health for an extended period, it is…
For as important as a good credit report can be for one’s financial health, the credit reporting process and all that it entails can seem mystifying and intimidating. However, it does not have to be. Understanding the meaning of a few important terms can go a long way toward being…
With rampant data breaches, phishing emails, and numerous scams, it is more likely than not that you have been a victim of at least an identity theft attempt. If this is true for you, then you know how aggravating the process of proving your identify and reclaiming your life can…
Consumers who believe their credit has been damaged should probably obtain a full credit file disclosure, which is different than a credit report since it may contain additional information. Once this disclosure is received and reviewed, any mistakes may be disputed with the credit reporting agencies reporting false or incorrect…
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…
