Are There Really Laws to Protect Me From Bad Credit Classification?
Are There Really Laws to Protect Me From Bad Credit Classification?
Free Online Articles Directory
Why Submit Articles?
Top Authors
Top Articles
FAQ
AB Answers
0 && $.browser.msie ) {
var ie_version = parseInt($.browser.version);
if(ie_version Hello Guest
Login
Register
Hello
My Home
Sign Out
Email
Password
Remember me?
Lost Password?
Home Page > Finance > Credit > Are There Really Laws to Protect Me From Bad Credit Classification?
Are There Really Laws to Protect Me From Bad Credit Classification?
Posted: Aug 04, 2009 |Comments: 0
|
]]>
Yes there are! Laws have been established to protect consumers like you and me from being unfairly categorized as having bad credit.
The Fair Credit Reporting Act was established in 1971 to do that. It mandates the 3 major credit bureaus follow and adhere to certain procedures in the tracking and reporting of our personal credit rating. Also know as a FICO Score or Credit Score.
Raising Your FICO Score today is a MUST no matter where it is.
In these uncertain time, it is paramount we increase and maintain the best possible credit score. Heck, we never know when we will need it. Do you know, a good or bad FICO can mean the difference between getting a job, buying a home, or losing thousands of dollars in excessive fees and interest charges. Do you know how to properly dispute any negative items currently found on your credit report? If you do great! You will save yourself tens of thousands of dollars over the course of your lifetime. If you don’t, not to worry. That’s why our clients hire us. At Federal Credit Restoration Services that’s what we do. We improve, restore and maintain optimal credit scores for our clients every day.
And even if negative information on your credit report is true and accurate, it can still be potentially disputed and removed if you have the proper tools and instructions. In fact a huge amount of the negative information that is removed from consumers’ credit reports is in fact accurate, but if you can trip up the original creditor and prove that they did not follow the law as stated, you will clear your credit and increase your FICO score. It’s a loop hole.
Most people that do not know the law either accept the information reported on them or hire attorneys and pay them tremendous sums of money to clear their credit.
At Federal Credit Restoration Services we use proven insider letters and procedures I created while working for one of the major credit bureaus. This is all legal and ethical. Its strategies I developed over my 20 plus years in the credit, collection and reporting industries.
Retrieved from “http://www.articlesbase.com/credit-articles/are-there-really-laws-to-protect-me-from-bad-credit-classification-1096120.html”
(ArticlesBase SC #1096120)
Liked this article? Click here to publish it on your website or blog, it’s free and easy!
denise manniello -
About the Author:
You can, as long as you include this complete blurb with it: Denise A. Manniello, Former Credit Bureau Executive is founder of the VIP Credit Score Improvement Coaching Program. It’s a step-by-step program that shows you exactly how to improve your credit score…fast! This enables you to get the best loan rates possible…every time. To get your F.R.E.E. Tips Newsletter and F.R.E.E. Special Report, visit www.denisemanniello/ezine and sign up NOW!
]]>
Questions and Answers
Ask our experts your Credit related questions here…200 Characters left
I am Cdn marrying a US. Moving to US My credit score is 800 his is so low – foreclosure on home, prior bankruptcy. Ths was over 3 years ago. When we marry do I “inherit” his bad credit
Im a single mother of 3 and in desprate need of a new car i have bad credit i think as no one will help??? i can afford payments of 100 a week if need be
Do you know where to apply for a Canadian business bank account with bad credit?
Rate this Article
vote(s)
0 vote(s)
Feedback
RSS
Print
Email
Re-Publish
Article Tags:
credit repair expert, credit, credit score, money, debt, loan, saving money
Latest Credit Articles
More from denise manniello
Know your Consumer Rights – Improve your Credit Rating, Credit Score, or Cr
Learn to improve your credit report, credit score, credit rating by knowing your consumer rights (04:06)
How to Raise Your Credit Score
In the so-called “new economy,” a good credit score is more important than ever. You won’t be able to get a mortgage loan and buy a home without one. In this video, the creator of the Home Buying Institute will teach you how to raise your credit score fast, by focusing on the three most important factors. (04:15)
The Dolans share six secrets to a healthy credit score. (04:09)
Understanding Your Credit Score
Many institutions reference your credit score to determine whether you are a good credit risk for them. Understanding your credit score helps you figure out what you can do financially, as this video explains. (02:23)
Tips and advice for personal finance from the Dolans. This video focus’ on credit score myths that may confuse you. (05:03)
Your credit report and score are two things you need to take very seriously. Whether you plan on applying for any loans it is important now that you repair any mistakes you have made or damage to your credit. Credit repair help is available. If you are in over your head there are many professionals who can help you raise your score and hear the words “good credit” once again!
By:
Christina Costal
Credit Repair Tips for Everyone
Are you ready to get your credit repair effort in gear? There is no time like the present. Here is a collection of powerful tips from a nationally recognized credit repair expert that you can use right away.
By:
Jim Kemishl
Finance>
Creditl
Aug 05, 2008
lViews: 120
Credit Repair Quick and Easy Tune Up
Do you plan to get a mortgage or a car loan anytime soon? Your credit score will determine the interest rate you pay for years to come. A recognized credit repair expert offers some powerful tips on bringing up your credit scores when it counts.
By:
Jim Kemishl
Finance>
Creditl
Sep 09, 2008
lViews: 103
Student Credit Repair: Free Credit Repair Advice For Students To Help Avert Financial Disaster
Students are increasingly worried about credit and credit scores – and for good reason. Student debts are rising and the numbers of students who leave school with ruined credit scores is rising as well. To find out how students can avert credit disaster before it happens, read on.
By:
Sandra Clairl
Writing>
Non-Fictionl
Mar 20, 2007
Credit Repair Techniques of the Pros
Truly effective credit repair requires a combination of technical expertise, legal knowledge, and common sense. All three are essential.
By:
Ian Webberl
Credit Repair: Say Hello to the New You!
Did you know that millions of consumers are paying higher interest rates than they should due to errors on their credit report? Credit repair expert Jim Kemish discusses the importance of a regular credit review and repair strategy.
By:
Jim Kemishl
Credit Repair in Today’s Economy
Credit repair has never been more important. Millions of people are experiencing the great benefits of credit repair. If you have not explored the potential of genuine professional credit repair, now is the time.
By:
Jim Kemishl
Do you take your credit for granted? When is the last time you took a close look at your credit reports? Credit repair expert and president of Sky Blue Credit Repair, Jim Kemish discusses inaccuracy in the credit reporting system and the potential impact it may have on your life.
By:
Jim Kemishl
When to file for bankruptcy – Discover the many options you have before filing
As a credit consultant, my clients always ask me when to file for bankruptcy. As a result, I advise them to file only when you have exhausted all of your available avenues such as talking with your credit card company, car, and mortgage lenders and your student loan representative about the various options you have to explore.
By:
Mark Claybornel
Suing credit bureaus-Discover the 4 violations credit bureaus could be sued for
Collection agencies, creditors, and credit bureaus know that most consumers will not sue them in court because of the time and expense required. As a result, agencies often take advantage of the average person by violating the consumer laws put in place to protect you. However, with a little knowledge on how the law and the small claims court system work, you can turn the big agencies bad ways against them and make them follow the law.
By:
Mark Claybornel
Secured loan – Discover the ways to use a secured loan to build or rebuild credit
This method is good if you are rebuilding or building credit for the first time. Save 0-00 and then visit various banks with your credit report in hand asking them whether they do secure passbook loans based on your savings. Once they agree, ask the loan officer if there is a prepayment penalty, what the interest rate is, and what credit bureaus they report to.
By:
Mark Claybornel
How to increase my credit score- 5 sure fire tips to increase your credit score
Ever wonder how a particular person raised their credit score to 750. Well, I used to ask myself that same question until I started applying the five sure killer steps to my situation. Once I started using these techniques, my three digit number started increasing overtime.
By:
Mark Claybornel
Questions before marriage- 10 financiall questions you must ask beofe marriage
Your credit is one of your greatest income builders, so protect it before, while, and after you are married. Often, couples act under the common misconception that once you are married, all credit accounts should be merged. This is far from the truth, or from necessity.
By:
Mark Claybornel
Increase credit score – 4 killer tips to an increase credit score
Have you ever image how you could get your credit score up so that you could buy that dream house, new car and that new flat screen TV. Are you tired of being turned down for credit because your three-digit number is to low? What about being charged high inter rates. Well, rest assure because if you apply the four proven strategies listed below, I guarantee you will see results with an increase credit score.
By:
Mark Claybornel
Harassing phone calls – Discover secret ways to stop Collectors forever
Ever wonder how to get the money hungary collectors to stop harassing you with harassing phone calls? What about calling your job, your friends and relatives. Well, you do not have to dream anymore because in this article I will show you how to shut them down.
By:
Mark Claybornel
First time credit -Killer tips to using a secured credit card when building first time credit
Secured credit card and using it responsibly is an excellent way to build creditor’s trust in your ability to use new credit, so that eventually, you can get an unsecured card. With a secured credit card, the companies require cardholders to secure their credit purchases by depositing a certain amount of money as collateral. That way, if you don’t pay your secured credit card, the bank can get repaid by withdrawing the money you owe from the deposit you provided.
By:
Mark Claybornel
Are There Really Laws to Protect Me From Bad Credit Classification?
The Fair Credit Reporting Act was established in 1971 to do that. It mandates the 3 major credit bureaus follow and adhere to certain procedures in the tracking and reporting of our personal credit rating. Also know as a FICO Score or Credit Score.
By:
denise manniellol
Want? You Want To Take Care Of That Collection Account?
Your goal is to Settle for the best possible deal. That means an agreement between you and the collection agency for payment less than was originally owed. This agreement includes never asking you for the remainder of the money.
By:
denise manniellol
Businessl
Jul 10, 2009
“Learn What Your Credit Score is and What it Means to YOU!”
What’s Your Credit Score?
What? You don’t Know? Or it’s a solid 650.
Is that a combined score, and individual score or a score directly from FICO?
By:
denise manniellol
Businessl
Jul 08, 2009
Does This Tick You Off Too? Another New Credit Score Model? Vantage Score 2009
Vantage Score is a scoring methodology that includes all three credit reporting companies and is supposed to deliver a predictive and easy way to understand our credit risk to those making decisions based on our credit scores. This can be used by: lenders, Insurance Companies, Employers, Wedding Planners, Mortgage Companies etc. It is a credit scoring model developed jointly by the national credit reporting companies
By:
denise manniellol
Businessl
Jul 07, 2009
Oh No! College Students? Credit Cards? Do they Mix?
Follow the above principles and you will be a financial success. Cash is still King or Queen. You get better deals, service and attention. Let that be your motivator and not what you see in the world around you.
By:
denise manniellol
Businessl
Jul 04, 2009
Did the Divorce affect Your Credit Score? Not sure? It’s time to Check…NOW
Are you recently divorced or divorced for a while? Rebuilding or continuing your credit after divorce may not seem like a priority right now, especially if you’re still healing from your marriage ending. If you eventually want to obtain credit cards in your name, finance a vehicle or home, and even begin a new job, you need to make sure that you have a good CREDIT SCORE. Why? Your Credit Score will affect your ability to get a loan, rent a house, or get hired for that job. You have to have the h
By:
denise manniellol
Business>
Business Opportunitiesl
Jul 03, 2009
Are Going To Try And Get The Collection Account(s) Deleted?
Your goal is to Delete the Collection Account(s) that are lowering your credit score thereby costing you a higher interest rate on any loan you may have or want to have.
A delete means, have it removed from your credit reports, with no signs that it was even ever there. This agreement includes never having to deal with this again…FREEDOM! AHHHHH.
By:
denise manniellol
Businessl
Jul 01, 2009
lViews: 107
Add new Comment
Your Name: *
Your Email:
Comment Body: *
Verification code:*
* Required fields
Submit
Your Articles Here
It’s Free and easy
Sign Up Today
Author Navigation
My Home
Publish Article
View/Edit Articles
View/Edit Q&A
Edit your Account
Manage Authors
Statistics Page
Personal RSS Builder
My Home
Edit your Account
Update Profile
View/Edit Q&A
Publish Article
Author Box
denise manniello has 7 articles online
Articles Categories
All Categories
Advertising
Arts & Entertainment
Automotive
Beauty
Business
Careers
Computers
Education
Finance
Food and Beverage
Health
Hobbies
Home and Family
Home Improvement
Internet
Law
Marketing
News and Society
Relationships
Self Improvement
Shopping
Spirituality
Sports and Fitness
Technology
Travel
Writing
Accounting
Banking
Credit
Currency Trading
Day Trading
Debt Consolidation
Insurance
Investing
Loans
Mortgage
Personal Finance
Real Estate
Taxes
Wealth Building
]]>
Need Help?
Contact Us
FAQ
Submit Articles
Editorial Guidelines
Blog
Site Links
Recent Articles
Top Authors
Top Articles
Find Articles
Site Map
Webmasters
RSS Builder
RSS
Link to Us
Business Info
Advertising
Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2011 Free Articles by ArticlesBase.com, All rights reserved.
You can, as long as you include this complete blurb with it: Denise A. Manniello, Former Credit Bureau Executive is founder of the VIP Credit Score Improvement Coaching Program. It’s a step-by-step program that shows you exactly how to improve your credit score…fast! This enables you to get the best loan rates possible…every time. To get your F.R.E.E. Tips Newsletter and F.R.E.E. Special Report, visit www.denisemanniello/ezine and sign up NOW!
