Credit rights

National Foundation for Credit Counseling offers Guide to Disputing

National Foundation for Credit Counseling offers Guide to Disputing Credit Report Inaccuracies Consumers should take the lead in examining their credit report   Washington, DC – The accuracy of credit reports has been in the news lately, causing consumers to wonder how error-free their own report is.  Since credit reports are the...

Posted on December 23, 2016

Consumer Financial Protection Bureau Now Taking Complaints on Credit Reporting

  For the First Time Consumers Will Get Federal Assistance on Complaints WASHINGTON, D.C.,  10/22/2012 From the CFPB Today the Consumer Financial Protection Bureau (CFPB) began accepting consumer complaints about credit reporting, giving consumers individual-level complaint assistance for the first time at the federal level. “Credit reporting companies exert great influence over the lives...

Posted on December 23, 2016

Credit Repair and the Truth About Bad Credit; American Financial Solutions Provides Tips on the Reality of Managing Negative Credit

If someone has negative credit or a few blemishes, they may be tempted to use a credit repair business to help eliminate damaging information from a credit report. However, it is a risky gamble for a consumer to take. American Financial Solutions Director Becky House, offers tips and advice on using a credit repair business to clean up bad credit.

Posted on December 23, 2016

A Quick Guide for Consumers on Credit, Debit, and Prepaid Cards from the FDIC

From the FDIC Below is a great guide developed by the FDIC. Use this guide to understand the difference in protections you have when using different types of credit, debit and prepaid cards.     Credit Cards Debit Cards Prepaid Cards What it is A credit card is a loan. A debit card is linked to your...

Posted on December 23, 2016

How Long Can a Debt be Collected?

One of the most frustrating questions I receive from people is about how long a debt will follow them. There are so many numbers out there about time limits on credit and negative information in our credit report, so what is the real answer? There are a few. First let’s...

Posted on December 23, 2016

Why is it Important to Check Your Credit Report?

Today, our credit reports are used to make many decisions about our financial future. This includes auto insurance rates, employment opportunities, ability to rent a home or apartment and, of course, whether we can obtain a home, car or credit card loan.  It is critical to protect this very...

Posted on December 23, 2016

Credit Card Holder Bill of Rights

The House passed H.R. 5244, otherwise known as the Credit Card Holder’s Bill of Rights on September 23, 2008. H.R. 5244 is an amendment to the Truth in Lending Act to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan. Here...

Posted on December 23, 2016