Consumer Protection Resources
There are several laws in place to protect consumers against identity theft, unfair collection practices and more.
FAIR CREDIT REPORTING ACT (FCRA)
The Fair Credit Reporting Act (FCRA) regulates how and when your creditors can report negative information to your credit report. More importantly with regard to credit repair, the FCRA states that you, as a consumer, have the right to dispute any negative or inaccurate items. The credit reporting agencies have 30 days to remove any untimely, inaccurate, or unverifiable information from your credit report.
The Federal Trade Commission provides a summary of the FCRA for consumers. You can also read the entire act at www.ftc.gov/FCRA.
CREDIT REPAIR ORGANIZATIONS ACT (CROA)
The Credit Repair Organizations Act (CROA) governs credit repair agencies such as Safe Harbor. Credit repair agencies must be licensed in most states and are required to meet specific standards. Safe Harbor Credit Repair continually stays up- to-date on the laws and regulations affecting consumers and credit repair agencies both. Click here for a list of questions to ask when looking for a credit repair agency.
FAIR DEBT COLLECTION PRACTICES ACT (FDCPA)
The Fair Debt Collection Practices Act (FDCPA) regulates collection agencies and the methods they use to collect debt. Most of us have dealt with unfriendly, rude or downright threatening collectors at some point in our lives. Intimidation, lies and misrepresentation are all illegal collection practices. Take a look at the FDCPA if you think you've been victimized by an unscrupulous collector.
CONSUMER PROTECTION
FCRA, CROA, FACTA. Find out
what the laws are and what they
mean to you and your credit score.
LOCAL & FEDERAL AGENCIES
There are several agencies that
monitor collectors and consumer
credit reporting agencies.
PROTECT YOURSELF
From identity theft to unwanted
credit offers. here are several ways to protect your identity, your credit and your personal information.
CREDIT PARTNERS
See a list of credit friendly lenders
and service providers. Extra savings for Safe Harbor clients.
