The Center For Debt Management
Debt Relief

Credit and Financing

Home Mortgage

Home Refinance

Second Mortgage

Reverse Mortgages

Home Equity Loans

VA Home Loans

FHA Loans

Credit Cards

Reward Cards

Debit Cards

Cash Advances

Payday Loans

Personal Loans

Auto Loans

Motorcycle Loans

Auto Refinance

Consolidation Loans

SubPrime Loans

Military Loans

Student Loans

Business Loans

Mortgage Rates

Interest Rates

Credit Report

Financial Library

Financial Bookstore


Federal Laws Protecting You
And Your Credit Files

The Fair Credit Reporting Act (FCRA) is intended to ensure the accuracy and fairness of the credit reporting system—essentially the gathering of consumer information by credit bureaus and the sharing of that information with lenders, landlords, insurance companies and others. The law states who may access your credit report and the "permissible purposes" for obtaining your information. The FCRA also outlines how long negative information, such as a bankruptcy, may remain on your credit report. The FCRA requires that information on your consumer report be complete and accurate, and gives you the right to dispute errors and have them investigated, generally within 30 days. The law also allows you to block or "opt out" of having your information used by companies that make unsolicited offers of credit or insurance.

The Equal Credit Opportunity Act (ECOA), which prohibits discrimination in credit transactions for a variety of factors (including race, color, sex and religion), also makes it illegal to discriminate against you because you have exercised your rights under the FCRA. For example, the ECOA requires a creditor to notify you of an adverse action on an application. If the action was based on inaccurate information on your credit report, you may dispute the information without fear of intimidation or retaliation by the creditor.

The Fair Credit Billing Act, which establishes procedures for correcting errors on credit cards and similar accounts, includes consumer protections if you withhold payment while disputing a charge. One such protection directly involves your credit file, explains Janet Norcom, an FDIC attorney. "Once a creditor has received your notice of a billing error, it may not threaten to report you to a credit bureau for non-payment," she says. "Your credit rating is protected while you are settling the dispute."

Need to Get Out of Debt! — Call Right Now — 1800 DEBT.COM

Over 2,000 Pages of Content
Center For Debt Management

Center For Debt Management

The Center For Debt Management

Helping Consumers Save Money and Reduce Debt Is Our Only Business!

We invite you to explore the sectors listed below. We promise that you'll find exceptional values, offers and resources to reduce your living expenses and to enjoy life! But First—if you're over-your-head in debt—get a free no-obligation debt consultation right now!

Debt Management and Financial Services! The Internet's oldest and most comprehensive debt management agency! Resources for debt management, consumer credit counseling, debt consolidation loans, debt settlements, legal aid, financial aid, credit and financing, credit reports, budget software, insurance, income resources, tax assistance and more. Get out of Debt! Call Now — 1800DEBT.COM

Established In 1989 and Serving The Online Community Since 1992!

Get Out Of Debt: Call

Center For Debt Management