Posts Tagged Credit Report
Representative from an insurance company distributed personal information without permission?
Miss Sarah asked:
A representative from an insurance company obtained my credit report, distributed my credit report, and disclosed personal financial information to a third party all without my permission. They also sent my credit report to a potential client of mine. What sort of action can be taken?
The client has no interests in the company, the person was trying to cause defamation of my character in efforts to discredit me and steal the accounts for there self.
A representative from an insurance company obtained my credit report, distributed my credit report, and disclosed personal financial information to a third party all without my permission. They also sent my credit report to a potential client of mine. What sort of action can be taken?
The client has no interests in the company, the person was trying to cause defamation of my character in efforts to discredit me and steal the accounts for there self.
The faxed credit report was received through a unrelated company of this persons, which did not have a consent form.
Marian
The Importance of Credit Reporting Laws
Jeremy L Roberts asked:
Credit reporting laws in the United States can be rather difficult to understand if you are not an attorney or don’t happen to work in finance. When it comes to your personal credit, understanding credit reporting laws is important.
The Fair Credit Reporting Act is one law every consumer should know. It was originally signed into law in 1970 and it guarantees the confidential, accurate, relevant and proper handling of all consumer information collected and recorded by the credit bureaus. It also gives consumers the right to request a copy of their credit report and scores. The only provider that is legally authorized to give you this report once a year is annualcreditreport.com.
This law also requires that written disputes be investigated within 30 days by credit bureaus. Here, any information deemed inaccurate or unverifiable shall be removed and kept from reappearing on your credit report.
Another important credit reporting law is the Fair Debt Collection Practices Act. This law was enacted in 1977 in an effort to eliminate abusive debt collection practices by debt collectors and to ensure that those debt collectors who refrain from using them are not competitively disadvantaged. It also promotes state action that is consistent in protecting consumers against such debt collection abuses. It prohibits several activities considered to be deceptive or harmful to consumers such as: lying, misleading or harassing. This law is enforced by the Federal Trade Commission and annually reports to congress regarding any issues that involve it. Here, a debt collector is defined as any person who uses any method of interstate commerce of the mail in any business for the purpose of collecting debts.
This means the rules of this law do not apply to the company who extended the original credit line, but instead are only relevant for collection companies who were hired or contracted by the initial creditor involved.
When it comes to how your credit is reported and what the scores mean, you need to have a rough idea of how it all works so you will be able to interpret any problems and come up with a solution for repairing them. After all, your credit is a very important part of your life in general as it affects many different aspects all at once.
Pamela
Credit reporting laws in the United States can be rather difficult to understand if you are not an attorney or don’t happen to work in finance. When it comes to your personal credit, understanding credit reporting laws is important.
The Fair Credit Reporting Act is one law every consumer should know. It was originally signed into law in 1970 and it guarantees the confidential, accurate, relevant and proper handling of all consumer information collected and recorded by the credit bureaus. It also gives consumers the right to request a copy of their credit report and scores. The only provider that is legally authorized to give you this report once a year is annualcreditreport.com.
This law also requires that written disputes be investigated within 30 days by credit bureaus. Here, any information deemed inaccurate or unverifiable shall be removed and kept from reappearing on your credit report.
Another important credit reporting law is the Fair Debt Collection Practices Act. This law was enacted in 1977 in an effort to eliminate abusive debt collection practices by debt collectors and to ensure that those debt collectors who refrain from using them are not competitively disadvantaged. It also promotes state action that is consistent in protecting consumers against such debt collection abuses. It prohibits several activities considered to be deceptive or harmful to consumers such as: lying, misleading or harassing. This law is enforced by the Federal Trade Commission and annually reports to congress regarding any issues that involve it. Here, a debt collector is defined as any person who uses any method of interstate commerce of the mail in any business for the purpose of collecting debts.
This means the rules of this law do not apply to the company who extended the original credit line, but instead are only relevant for collection companies who were hired or contracted by the initial creditor involved.
When it comes to how your credit is reported and what the scores mean, you need to have a rough idea of how it all works so you will be able to interpret any problems and come up with a solution for repairing them. After all, your credit is a very important part of your life in general as it affects many different aspects all at once.
Pamela
3 In 1 Credit Report-Prevent identity theft
Posted by admin in Personal Experiences on March 23, 2011
How do I get credit reports on my customers?
Tom V asked:
To get my own credit report, I had to provide all kinds of personal info, plus I had to answer “verification” questions. But when I applied for a sears card, all they needed was my name, ssn, and date of birth.
To get my own credit report, I had to provide all kinds of personal info, plus I had to answer “verification” questions. But when I applied for a sears card, all they needed was my name, ssn, and date of birth.
So how does that work? How do I get sears access to credit reports?
Edward
No Credit Check Loans – Approval Without Credit Report
Ashley P Lewis asked:
It is important for people to have a credit report made from time to time so that they do not face a problem when they need to take up a loan suddenly. But for those people who have never taken up loans, it is a new concept and they do not have any credit history. For such borrowers to take up money, no credit check loans have been structured.
The people who are in need of money may find a slight problem when it comes to taking up loans for the first time. Also, for the people who do not have a recently updated credit report can face a similar problem. So for getting money for their needs without any hassle, the borrowers can take up these loans very easily.
The money is available through these loans in the secured as well as the unsecured form. It totally depends upon the needs of the borrower and his ability to pledge his asset as collateral. If borrowers have needs that will require money in the range of
It is important for people to have a credit report made from time to time so that they do not face a problem when they need to take up a loan suddenly. But for those people who have never taken up loans, it is a new concept and they do not have any credit history. For such borrowers to take up money, no credit check loans have been structured.
The people who are in need of money may find a slight problem when it comes to taking up loans for the first time. Also, for the people who do not have a recently updated credit report can face a similar problem. So for getting money for their needs without any hassle, the borrowers can take up these loans very easily.
The money is available through these loans in the secured as well as the unsecured form. It totally depends upon the needs of the borrower and his ability to pledge his asset as collateral. If borrowers have needs that will require money in the range of