Merchandise You Never Received?
Building a Better Credit
Car Ads: Reading Between the Lines
Choosing and Using Credit
Cosigning a Loan
Credit, ATM and Debit Cards: What To Do If They're Lost or
Credit and Divorce
Credit and Debit Card
Credit and Your
Credit Insurance: Is It
The Credit Practices Rule
Credit Repair: Self-Help
May Be Best
Easy Credit? Not So Fast. The Truth About Advance Fee-Loan
Equal Credit Opportunity
Fair Credit Billing
Getting Credit: What You Need to Know About Your Credit
Getting Credit When
You're Over 62
Gold and Platinum Cards
How to Dispute
Credit Report Errors
How to File a Consumer Complaint about a Bank
Keys to Vehicle Leasing
Negative Credit Can
Squeeze a Job Search
Payday Loans = Costly Cash
Ready, Set... Credit
Understanding Vehicle Financing
of Work? How to Deal with Creditors
become an all-too-familiar headline and lead story - job cuts, dot.com failures, corporate
restructuring and lay-offs.
If you've recently lost your job, your first thoughts may be, "how will I make
ends meet." Money matters are a source of stress and frustration for many people. The
Federal Trade Commission (FTC) publishes free brochures spelling out your rights when it
comes to fair debt collection and credit reporting practices.
Fair Debt Collection
If you find that you can't pay your bills on time, contact your creditors
immediately. Try to work out a modified payment plan that reduces your payments to a more
manageable level. Don't wait until your accounts have been turned over to a debt
collector. At that point, your creditors have given up on you. The federal Fair Debt
Collection Practices Act requires debt collectors to treat you fairly by prohibiting
certain methods of debt collection.
Fair Credit Reporting
Non-payment and late payments may affect your credit rating and your ability
to get credit in the future. Although creditors usually consider a number of factors in
deciding whether to grant credit, most creditors rely heavily on your credit history.
That's one reason it's important to make sure your credit report is accurate. For example,
if your file showed that you were once late in making payments, but didn't show that you
are no longer delinquent, it would be inaccurate. The credit reporting agency must show
that your payments now are current.
Fair Credit Reporting Act
protects you by requiring credit bureaus to furnish correct and complete information to
businesses to use in evaluating your applications for credit, insurance or a job. For more
information, request a free copy of Fair Credit Reporting.