People Come First At Our Consumer Rights Law Firm
Shoppers spend at least twice as much as normal during the month of December as opposed to other months. Controlling your spending is tougher than ever. The race to spend began as the Halloween decorations were being taken down. But if you are aware of some simple facts about your credit, you can keep your spending in control. Avoid the…
Chances are pretty good that either you or someone you know will get a call from a debt collector in the course of your lifetime. The collection call can be for a legitimate debt that you or your loved one have forgotten you owe or it can be for a debt that does not belong to you. Either way, the…
FACTA (“Fair and Accurate Credit Transactions Act”) is a 2003 amendment to the Fair Credit Reporting Act (“FCRA”) drafted with the purpose of protecting consumers from the growing trend of identity theft. The Act primarily demands privacy of disseminated information as well as limits how consumer information can be shared. Since the enactment of FACTA, requirements were adopted to better…
In its never ending quest to improve the Fair Debt Collection Practices Act (“FDCPA”), the Consumer Financial Protection Bureau (“CFPB”) continues its mission to survey American consumers to determine which areas of debt collection are still causing consumers the greatest concern. In considering the public’s opinion up to this point, the CFPB has determined the area of debt collection in…
In a recent opinion this month decided by the United States Court of Appeals for the Second Circuit, creditors may now be held liable under the Fair Debt Collection Practices Act (” FDCPA”) when hiring a collection agency to collect debt on its behalf. In Vincent v. The Money Store (“Vincent”) F.3d, No. 11-4525-cv (2d Cir. 2013), the court held…
Your credit score can mean the difference between being denied or approved for credit, and at what type of interest rate. A good credit score can help you qualify for a mortgage loan, rent an apartment, be approved for a credit card and even help you get utilities connected without a deposit. Bad credit on the other hand can be…
By learning the basic facts about credit cards prior to owning one, you can rest easily knowing you will be a responsible and more financially savvy user. Understanding the ins and outs of credit cards can make the difference between you using it responsibly or falling into the trap of financial doom. Store Cards vs. General Purpose Cards An important…
Your FICO score is the most common credit score used to make decisions on whether or not you are considered financially responsible and worthy of extending credit to. Your credit score, specific to you, is made up of 5 components, each assigned a specific percentage. Using the information contained in your credit report, FICO takes the data and breaks it…
In a recent review conducted by the Consumer Financial Protection Bureau (“CFPB”), the agency in charge of protecting your financial welfare, it discovered that the biggest area of concern is that consumers nationwide are unaware of their rights and the numerous laws in existence that were enacted to protect them. Below is a list of the different laws that consumers…
As the new year approaches the Consumer Financial Protection Bureau (“CFPB”), the agency in charge of consumer financial affairs, begins its discussion of necessary amendments to the Fair Debt Collection Practices Act (“FDCPA”). The director of the agency stated it wants to hear what the agency needs to do to better protect consumer from the harsh treatment of debt collectors…