Billed for Merchandise You Never Received?

Building a Better Credit Record


Car Ads: Reading Between the Lines

Choosing and Using Credit Cards

Cosigning a Loan

Credit, ATM and Debit Cards: What To Do If They're Lost or Stolen

Credit and Divorce

Credit and Debit Card Blocking

Credit and Your Consumer Rights

Credit Insurance: Is It For You?

The Credit Practices Rule

Credit Repair: Self-Help May Be Best

Credit Scoring

Easy Credit? Not So Fast. The Truth About Advance Fee-Loan Scams

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

Vehicle Repossession



Out of Work? How to Deal with Creditors

It's become an all-too-familiar headline and lead story - job cuts, 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.

The 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.



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