Credit Bureaus and the FTC

The FTC is the place for consumer protection from scams and other issues.

For credit report problems, check out  http://www.ftc.gov/bcp/menus/consumer/credit.shtm

For identity theft protection, see http://www.ftc.gov/bcp/menus/consumer/data/idt.shtm

Credit Report Advice from the Federal Trade Commission (FTC)

Building a Better Credit Report

Federal Trade Commission
Bureau of Consumer Protection
Office of Consumer and Business Education
May 2005

If you’ve ever applied for a credit card, a personal loan, or insurance, there’s a file about you. This file is known as your credit report. It is chock full of information on where you live, how you pay your bills, and whether you’ve been sued, arrested, or filed for bankruptcy. Consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses with a legitimate need for it. They use the information to evaluate your applications for credit, insurance, employment, or a lease.

Credit Education – Learning about FICO Scores

From http://BankRate.com

http://www.bankrate.com/msnre/fico/calc.asp?lpid=BKRATE29  Credit Report Education

http://www.bankrate.com/msnre/fico/calc.asp?lpid=BKRATE29  About Credit Scores

http://www.bankrate.com/msnre/fico/calc.asp?lpid=BKRATE29  About Credit Reports

Credit Reports – Learn how to fix them and what your rights are under the Fair Credit Reporting Act

Here is the major legislation about Credit Reports, Credit Reporting Agencies, and the Complaint Process with the FTC:

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Billing Code: 6750-01

FEDERAL TRADE COMMISSION

16 CFR Part 601

NOTICES OF RIGHTS AND DUTIES UNDER
THE FAIR CREDIT REPORTING ACT

AGENCY: Federal Trade Commission.

ACTION: Publication of guidance for prescribed notice forms.

SUMMARY: The Federal Trade Commission is publishing three notices that it is required to prescribe under recent amendments to the Fair Credit Reporting Act (FCRA). These are: A summary of consumer rights under the FCRA; a notice setting forth the responsibilities under the FCRA of those who regularly furnish consumer report information to consumer reporting agencies; and a notice setting forth the duties of any person who uses information covered by the FCRA. These notices must be distributed by consumer reporting agencies once the amendments to the FCRA become effective on September 30, 1997. A consumer reporting agency will be in compliance with the FCRA if it provides notices substantially similar to those prescribed by the Commission.

Welcome! If you are Renting a Home in New York State, this weblog could change your life!

NewYorkFinancedHomes.com is dedicated to helping Renters in New York State:

• Stop Renting
• Build an “Equity Fund”
• Qualify for an FHA Loan in the near future

See:

• Blog
• About
• Rent to Own Terms and Concepts to Learn
• Steps to improving Credit Reports
• Find a Property to Rent to Own
• What to Say to Landlords
• The Paperwork Needed

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