The beginning of most credit repair is the Fair Credit Reporting Act or the FCRA. This law was enacted back in'70 to safeguard consumers from inaccuracies and inconsistencies on credit reports. This law enables consumers to dispute deceptive or wrong listings on their credit report. It also permits a consumer to receive one free credit report each year from each of the three main credit bureaus.
Nearly all those who know about credit and credit practices and repair are familiar with this law. However, there are two added laws that affect you as a consumer and can be beneficial to you for credit repair and it is sensible to discover about these laws also.
While the FCRA or the Fair Credit Reporting Act is the groundwork which makes all credit repair feasible, the FCBA or the Fair Credit Billing Act and the FDCPA or the Fair Debt Collection Practices Act are also significant to a sound credit repair plan.
The Fair Credit Billing Act otherwise acknowledged by the acronym FCBA requires creditors to bill accurately and entirely. It prohibits unauthorized charges, charges that have the erroneous date or amount, charges for goods or services that you did not accept or were not delivered as agreed upon, failure to post payments or other credits and failure to send bills to your existing address, provided any changes of address were received 20 days prior to the billing cycle. It also allows you as the consumer to ask for a written confirmation of purchase and requests for explanation.
The Fair Debt Collections Practices Act was considered to defend consumers from unnecessary and unjust collection agencies and policy. It was enacted to safeguard regular consumers from some of the appalling practices that collection agencies frequently engaged in the past.
For case in point, a collection agency can no longer contact any third party who does not owe the debt. They cannot issue phony threats of referring your case to an lawyer or to reporting it on your credit in order to intimidate you to pay. They can only telephone you within sensible hours typically between 8:00 am and 9:00 pm but for they have your permission for them to call at other hours. They may not call you at not convenient or unusual times or places if you let them know that what is intolerable.
The FDCPA is very widespread and it goes on about what is controlled and what is suitable behavior from the collection agencies. Just be attentive that they can call you within the hours and restrictions unless you explicitly and if possible in writing request that they stop. If you have questions about the complete coverage of this law you can do an Internet search and read it in its entirety.
Here are the 3 laws that are so critical to you as a credit consumer. You can use any of them as a beneficial measure when you need to complete credit repair so it is intelligent to be conscious of them and know where to find added information if needed. - 31377
Nearly all those who know about credit and credit practices and repair are familiar with this law. However, there are two added laws that affect you as a consumer and can be beneficial to you for credit repair and it is sensible to discover about these laws also.
While the FCRA or the Fair Credit Reporting Act is the groundwork which makes all credit repair feasible, the FCBA or the Fair Credit Billing Act and the FDCPA or the Fair Debt Collection Practices Act are also significant to a sound credit repair plan.
The Fair Credit Billing Act otherwise acknowledged by the acronym FCBA requires creditors to bill accurately and entirely. It prohibits unauthorized charges, charges that have the erroneous date or amount, charges for goods or services that you did not accept or were not delivered as agreed upon, failure to post payments or other credits and failure to send bills to your existing address, provided any changes of address were received 20 days prior to the billing cycle. It also allows you as the consumer to ask for a written confirmation of purchase and requests for explanation.
The Fair Debt Collections Practices Act was considered to defend consumers from unnecessary and unjust collection agencies and policy. It was enacted to safeguard regular consumers from some of the appalling practices that collection agencies frequently engaged in the past.
For case in point, a collection agency can no longer contact any third party who does not owe the debt. They cannot issue phony threats of referring your case to an lawyer or to reporting it on your credit in order to intimidate you to pay. They can only telephone you within sensible hours typically between 8:00 am and 9:00 pm but for they have your permission for them to call at other hours. They may not call you at not convenient or unusual times or places if you let them know that what is intolerable.
The FDCPA is very widespread and it goes on about what is controlled and what is suitable behavior from the collection agencies. Just be attentive that they can call you within the hours and restrictions unless you explicitly and if possible in writing request that they stop. If you have questions about the complete coverage of this law you can do an Internet search and read it in its entirety.
Here are the 3 laws that are so critical to you as a credit consumer. You can use any of them as a beneficial measure when you need to complete credit repair so it is intelligent to be conscious of them and know where to find added information if needed. - 31377
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Whether you like it or not repairing your credit might become needed at some point. If you need further information about professional credit repair visit http://724Credit.com and don't forget to sign up for a free credit repair course.
