Credit and Consumer Rights
by S. Lieberman
A good credit rating is very important in your life. Most business inspect your credit history if they evaluate your applications for credit, insurance, employment and even leases. Based on your credit payment history, businesses can choose to give you are deny you the credit that you need provided you receive fair and equal treatment. Due to reason that you can not help, you can have credit problems, a loss of a job, an illness or even a computer error. Solving credit problems may take some time and patience on your part and does not have to be an ordeal.The Federal Trade Commission enforces credit laws that protect your rights to obtain, use and maintain credit. These laws do not guarantee that everyone will receive credit. Instead, the credit laws protect your rights be requiring businesses to give all consumers a fair and equal opportunity to receive credit and to reslove disputes over credit errors.Your rights under the Fair Credit Reporting Act: * You have the right to receive a copy of your credit report. The copy of your report must contain all of the information in your file at the time of your request. * You have the right to know the name of anyone who received your credit report in the last year for most purposes or in the last two years for employment purposes. * Any company that denies your application must supply the name and address of the CRA they contacted, provided the denial was based on information given by the CRA. * You have the right to a free copy of your credit report when your application is denied because of information supplied by the CRA. Your request must be made within 60 days of receiving your denial notice. * If you contest the completeness or accuracy of information in your report, you should file a dispute with the CRA and with the company that furnished the information to the CRA. Both the CRA and the furnisher of information are legally obligated to reinvestigate your dispute. * You have a right to add a summary explanation to your credit report if your dispute is not resolved to your satisfaction.Your Debts and Debt CollectorsYou are responsible for your debts. If you fall behind in paying your creditors or an error is made on your account, you may be contacted by a "debt collector." A debt collector is any person, other than the creditor, who regularly collects debts owed to others. This includes lawyers who collect debts on a regular basis. You have the right to be treated fairly by debt collectors.The Fair Debt Collection Practices Act (FDCPA) applies to personal, family, and household debts. This includes money owed for the purchase of a car, for medical care, or for charge accounts. The FDCPA prohibits debt collectors from engaging in unfair, deceptive, or abusive practices while collecting these debts.Your rights under the Fair Debt Collection Practices Act: * Debt collectors may contact you only between 8 a.m. and 9 p.m. * Debt collectors may not contact you at work if they know your employer disapproves. * Debt collectors may not harass, oppress, or abuse you. * Debt collectors may not lie when collecting debts, such as falsely implying that you have committed a crime. * Debt collectors must identify themselves to you on the phone. * Debt collectors must stop contacting you if you ask them to in writing.
About the Author
Been in the debt consolidation business for over 9 years asssiting people with credit counseling. Need help with credit card debt or Debt management we can help. Visit their website at: http://www.debt-consolidation-credit-counseling-kimberly.org/
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