Category Archives: Consumer Rights

National Consumer Assistance Plan – BIG News for your Credit Report
There are new reasons to take a close look at your credit report - The National Consumer Assistance Plan. In 2015, all three Credit Reporting Agencies (Equifax, Experian, and TransUnion) agreed to create and enforce this updated set of regulations called the National Consumer Assistance Plan. You can kind of think of it as a booster shot for the Fair Credit Reporting Act. The Fair...
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New Regulations Under Review to Better Protect You From An Aggressive Collection Company
The phone rings. You cringe. You just know it is that collection company calling… again. It won’t stop the calls, but new regulation under review will help protect you from lazy, greedy, and criminal-minded debt collectors. “One of the biggest problems with debt collections today,” says NCES credit expert, George Cole, “is that the collection companies do a very poor job researching the debt bundles they buy....
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How Social Media Affects Your Credit Score and Financing Opportunities
FICO is the gold standard for calculating credit scores. But because of how FICO scores are calculated, they make a lot of consumers “unscoreable”. The answer? (According to banks and lenders around the globe…) alternative credit scoring data. Data that can come from utility companies, landlords, cell phone records, and even your social media accounts. Yes… your activity on social media affects your credit score...
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