The Federal Trade Commission, or FTC, was formed in the U.S. in 1914. Their job is to make sure that the public does not fall victim to unfair business practices. They enact laws that keep businesses honest and make them provide equal service to all. (more…)
Archive for the ‘Consumer Rights’ Category
The FTC Recommends Self Credit Repair
Sunday, August 15th, 2010Credit Report Debt Has a Statute of Limitations
Sunday, August 15th, 2010Are you one of the millions of Americans with old, negative debt on your credit report? If so, you are certainly not alone. Worse still, many of these people have debt on their reports that simply should not be there. This isn’t just a reference to people who have become the victims of identity theft, either. Even valid debt can only remain on your credit report for seven years. After that, the statute of limitations has expired and the debt must be removed. Unfortunately, credit agencies know that many people are unaware of this and work to get around it. (more…)
Avoid the Stress of Collections Calls
Sunday, August 15th, 2010One of the most annoying and stressful phone calls to receive is one from a debt collector. Everybody dreads this kind of call, and some even stop answering the phone when they don’t recognize the number calling. The calls can become quite harassing, especially when you get an extra pushy collections agent. These types of calls only add to the level of stress you feel when you’re trying to pay off debt. (more…)
Never Take Your Credit Rights for Granted!
Tuesday, June 15th, 2010Did you know that at one time, we the American citizens didn’t have access to credit reports? In fact, if you go back to the early 1900s (when some of these credit bureaus started) you will learn that the credit collecting agencies were quite shady. Credit bureaus reported many personal and potentially slanderous details on the lives of people, and were actually comparable to private investigators. (more…)
Am I protected From Collection Agency’s Harassment’s
Saturday, June 12th, 2010Does the Fair Debt Collection Practices Act protect me?
The minute a company transfers your debt to a third party collection agency you are automatically protected by other provisions of the FDCPA. As a consumer you are protected from the abusive tactics commonly used by many collection agencies.
Under the FDCPA, a collection agency cannot do the following: (more…)
CREDIT REPAIR LAWS
Thursday, June 10th, 2010It is important for consumers to be aware that credit repair laws exist and they should be understood before disputing any questionable items on credit reports. Many consumers feel helpless when it comes to their credit because they feel as though there are more laws against them than that protect them. The great news is that there are many different laws in place to help protect you, the consumer, from many different issues or acts depending on your situation. You should know and understand these laws to ensure that you are being treated fairly. (more…)
Consumer Rights Under Fair Credit Reporting Act
Thursday, June 10th, 2010A Summary of Your Rights under the Fair Credit Reporting Act
The federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. There are many types of consumer reporting agencies, including credit bureaus that gather and sell information about your creditworthiness to creditors, employers, landlords, and other businesses. The FCRA gives you specific rights, which are summarized below. You may have additional rights under state law. For more information, go to (more…)
©2010 Credit Umbrella Inc. All rights reserved. Unauthorized duplication is a violation of applicable law. NOTICE: Your use of this product is subject to the license agreement included with the media. Terms, conditions, features, availability, pricing fees, service and support options subject to change at any time without notice. Credit Umbrella™, Credit Dispute Manager™, AddressDetect™, MyCreditUmbrella™, Dispute Manager™, Credit Report Dashboard™, If You Can Click It...You Can Fix It! ™ and the CreditUmbrella logo are all trademarks of Credit Umbrella Inc. Other trademarks or service marks which you may encounter are the property of third parties.