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Law and Consumer Report AgenciesThe Federal Trade Commission Martin Rogers
Laws were made to help
people bring justice to their lives, and it is the violation of these
laws what makes a person go through harsh time. The Federal Trade
Commission (FTC) designed the laws that assured people's right to
obtain, maintain and use credit. But the laws do not promise everyone
a credit. It only guarantees that everyone is equal in matters of
credit issues. The FTC is also
responsible for correcting any credit mistakes that people could have
made. Due
to the legal inspection of your credit rating by many companies, it
is advised you maintain a good rating. Said rating is inspected every
time you apply for: - Credit - Employment - Insurance -
Leases Everybody depends on their
credit histories, especially in cases of credit business. Companies,
based on your credit payment history, will grant or reject
applications. Therefore, it is people’s responsibility to maintain
a positive and accurate credit payment history by reviewing once in a
while their report. Usually credit problems occur due to: - Temporary loss of income - Sudden illnesses -
Computer errors Solving possible mistakes
of credit problems can take some time and lots of your patience. In
order to fix your report yow will not need to pass any difficult
tests. Your credit payment history is recorded in either a file or a
report. These files are kept safe by CRAs (Consumer Reporting
Agencies), such as a credit bureau. You certainly will have a credit
file in any of these CRA agencies if you have ever applied for a
credit, a charge account, a personal loan, an insurance (of any kind)
or a job. The credit record contains
information about your income, the source of it, debts and your whole
credit payment history. It also shows if you have ever been involved
in any criminal activities, been sued, arrested or if you have filed
for bankruptcy. The law guarantees that
people will get equal treatment, without considering issues like
gender, race, marital status, religion, age or national origin. The Fair Credit Reporting
Act’s (FCRA) main job it is to guarantee that all CRAs bring
credible and correct information to any businesses that require it
when evaluating someone’s application. You have a right that the
Fair Credit Reporting Act states, which is to get a copy of your
credit report whenever you request it. This copy of your credit
report has to include all the information in your personal file at
the time you request it. You also have the right to know the names of
the companies or anyone who requested your credit report within the
last year for any purposes or in the last two years for employment
purposes. If a company
declines your application, it has the obligation of supplying
the name and full address of the CRA they contacted, and the reason
of denying the application. You have the right to receive a free
copy of your credit report when someone rejects your application due
to the content of the credit report itself or because of the
information supplied by the CRA. You must make the request within 60
days after receiving the rejection notice. Given the situation that
you are completely in debt, you have found the best help with us. We
can and will settle your debts into easy-to-pay monthly installments.
We are here to make sure that you become a debt free individual.
Settlement is the safest, fastest and most reliable way to become
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professional help. Check these links to learn more: |
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