Posts Tagged “Fair Act”

News Sources wrote an interesting post today on
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by Andy Zain By law, you are entitled to one free government credit report each year, but you have to apply to get it. The consumer reporting companies are covered by the Fair Credit Reporting Act to ensure privacy and accuracy. Your credit report has information like where you live, how your bills are paid, whether you have been bankrupt, sued or arrested. The consumer reporting agencies sell your credit report to companies that need the information to help them make decisions about whether

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News Sources wrote an interesting post today on
Here’s a quick excerpt
In: Finance 22Sep2009 by Andy ZainBy law, you are entitled to one free government credit report each year, but you have to apply to get it. The consumer reporting companies are covered by the Fair Credit Reporting Act to ensure privacy and accuracy.Your credit report contains personal information like your address, your bill-paying habits, and your status as far as bankruptcy, arrest or any legal action against you. This information is of interest to companies who may be creditors, employers,

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News Sources wrote an interesting post today on
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Just a few weeks after the State of New Hampshire passed a bill banning yield spread premiums on reverse mortgages, Generation Mortgage announced to its brokers that was pulling out of the state. HB 610 is scheduled to become effective July 31st and was passed to implement the Secure and Fair Enforcement for Mortgage Licensing Act and was meant to prohibit compensation methods that rewards brokers for selling a higher interest loan. New Hampshire is the first state to ban YSP’s, but it l

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News Sources wrote an interesting post today on
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Many years ago, before the government became involved with the Fair Credit Reporting Act , credit reports and credit scores were hidden from the public. We all knew there were credit reports and credit scores, but we couldn’t get access to them. It was terrible, which is why the government stepped in to protect consumers rights. However now we face a whole new set of challenges. Many years ago, the reports and scores were used mostly to decide whether to accept a loan and at what terms. A goo

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News Sources wrote an interesting post today on
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You have rights when it comes to your credit report. Anytime you are denied credit or even a loan modification based on the information received from a credit agency, you have to be given a statement stating that you can request a free copy of your credit report from the reporting agency. You must request the credit report from the company that provided the information and it must be sent within 60 days of the denial. These rights are thanks to The Fair Credit Reporting Act. The FCRA sets s

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