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A 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 and specialty agencies (such as agencies that sell information about check writing histories, medical records, and rental history records). Here is a summary of your major rights under the FCRA. For more information, including information about additional rights, go to www.ftc.gov/credit or write to: Consumer Response Center, Room 130-A, Federal Trade Commission, 600 Pennsylvania Ave. N.W., Washington, D.C. 20580.

By |2020-06-16T18:43:42+00:00September 20th, 2016|Resources|0 Comments

Consumer State Protections

Each of the 50 states have additional laws to protect consumers regarding credit repair. We invite you to find your state and review the additional regulations; research and take advantage of these protections.

By |2020-06-16T18:44:44+00:00April 23rd, 2016|Resources|0 Comments

Credit Report Guide

This section lists your name and address, the date it was first reported to the credit bureau by one of your creditors, and the date the information was last updated. This section also lists the name and address of your current employer. If your report contains information about any previous employers, it will also be listed.

By |2020-06-29T17:18:28+00:00April 20th, 2016|Resources|0 Comments

Credit Terms Glossary

Understand, Build and Manage Your Credit whether you’re buying a home, a car or applying for a credit card – Terms are used and you may not know of its meaning so we put together a list of the most common terms out there. Accelerated Payment Scheduled payment plus additional monthly payment. Leads to quicker payoff of debt and less interest paid over life of loan. Account condition Each account on your Experian credit report has an "Account Condition." It indicates the present state of the account (current, past due, etc.), but does not indicate the payment history of the account. Each account on your Experian credit report has an "Account Condition." It indicates the present state of the account (current, past due, etc.), but does not indicate the payment history of the account. Account monitoring Once lenders make a "yes" decision, they might want to review your credit report on a regular basis as they continue to manage their financial risk. This monitoring, called account monitoring, scans credit reports for certain risk characteristics as defined by the lender. Federal law specifically permits lenders to monitor their accounts. When you signed your credit application, you gave the lender permission to access your credit report from time to time. Accounts in good standing Lists credit items that are positive and should help your creditworthiness. Account information includes the creditor's name and address, your account number, the status (current, paid, closed, etc.), type and terms of the account, and additional information as [...]

By |2020-06-16T19:05:42+00:00April 18th, 2016|Resources|0 Comments
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