Topic: U.S. Federal Trade Commission
Credit reports are valuable tools for banks and lenders to determine your worthiness and dependability in regards to borrowing money. According to the Fair Isaac company, the average American consumer has a total of 13 bank or credit loans at one time. ...
Your credit report is a prominent factor in a creditor's decision to approve or deny a loan or credit card. The three credit reporting agencies, Equifax, TransUnion and Experian, must provide you with a free report once a year. The FTC advises ...
Bad credit items stick around on your records for many years. The Federal Trade Commission (FTC) explains that most negatives like slow or missed payments, charged-off credit card balances, vehicle repossession, financial judgments and foreclosures remain for seven years, and bankruptcies do ...
Due to ever-increasing performance pressures on mortgage lenders, concerns in the credit markets and controversy over subprime lending, a growing number of mortgage brokers and predatory lenders are resorting to deceptive practices to increase the volume of loan production. Various laws, such ...
What happens, though, when you find out that someone has used your name to get a credit card and has run up thousands of dollars in charges that you are now going to have to convince the credit card company that you ...
If you've ever applied for a credit card, a loan to buy a house or car, or a line of credit to make some other large purchase, then you've probably had your credit report reviewed by the lender. These companies don't actually ...
You see advertisements for it all the time -- " Despite the remarkable claims, debt consolidation isn't magic and doesn't really eliminate your debt (at least not immediately) because it involves getting new debt. However, when entered into cautiously, debt consolidation can ...
At least once a month, there is a story in the news involving various credit scams and their victims. In 2007, the Federal Trade Commission (FTC) reported that 30.2 million people were victims of fraud. If you can't afford to pay off ...
Consumers need to be cautious when searching for ways to improve their credit history. Cracking Down on Scammers The Federal Trade Commission (FTC) strongly enforces consumer protection laws. In March, 2009, the FTC charged seven credit repair companies with deceiving consumers. The ...
The U.S. Federal Reserve unveiled an online consumers' guide to credit scores and credit reports. It was almost a year ago that the Fed and the Federal Trade Commission announced the final rules requiring a creditor to provide a consumer with a ...
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