Fri. Jul 10th, 2020

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         We are living in a society where credit score is rated as important as having crash or even higher. Therefore, it is very important for one to become aware or familiar with the information that helps you to protect and maintain a reasonable to excellent credit score. Please also listen to this video regarding statute of limitation on credit owed. However, ArticalMotion cannot vouch for the accuracy of all information in this video. Nevertheless, you might find it informative.

1. Truth in Lending Act:  This law protects you from unfair lending practices.

2. Fair Credit Billing Act: Among other protection, this law

Protects you against billing charges that deem to be inaccurate billing charges once you have a credit card.

3. Fair Credit Reporting Act: This Act was amended in 2003 by the Fair and Accurate Credit Transactions Act of 2003 to ensure your financial information set-forth in your credit report it accurate.

4. Fair Debt Collection Practices Act: This law defends you against third-party collection abuses.

5. The Credit CARD Act (Also known as Credit Card Accountability, Responsibility, and Disclosure Act.

Additionally, The Servicemembers Civil Relief Act (SCRA): This Act,  assists active-duty military with their financial issues,. Under this act, you may Service member may qualify reduction on interest rate for mortgages and credit card debts as well as protection from eviction. Civil court cases such as bankruptcy, foreclosure, or divorce are also some of the benefits under this Act. For more information regarding the aforesaid, you can visit the website below or contact your local Armed Forces Legal Assistance office

Reference:

https://www.usa.gov/debt

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