Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Fair credit reporting and fair debt collection practices are your rights

By Safinajones Subscribe to RSS | January 12th 2012 | Views:
loading
 
  



Sometime, even if you do not want to, you have to take up a loan to overcome certain financial crisis. Even if you have taken a loan willingly for buying a property or for pursuing education, there are times that create obstacles in repaying the loan.

If you are unable to repay a loan taken from a lender your credit record would be hampered but your lender cannot force you in any way to repay the loan. Using unfair means, like extortion or threat to make a debtor pay is illegal and punishable offence in the eyes of the law. If you are facing things like these from your lender too, do not suffer in silence as there are laws to protect you and help you receive fair debt collection practices.

Apart from the debt collection practices of your lender, even if your credit report according to you is not fair, you can take the help of the fair credit reporting act. As per this act you can ask for details of the report and ask for explanations too. You have this right under the law to know everything regarding your credit reports. This law is in place to protect you from false and fraudulent reports that can damage your future prospects against getting any kinds of loans. If there are things like re mention of your old and cleared debts you can lodge a complaint. As per the fair credit reporting act, no one can get a copy of your credit report legally without your permission. To know more about your rights regarding fair credit reporting act you can consult an attorney or take the help of the Internet too. After all knowledge is the first step to defending your rights.

If your lender is abusing you somehow, like threatening you or your family members, you can take action against them. The law is in place to make fair debt collection practices mandatory and these things necessarily fall under the category of unfair. There are actually a number of different instances that are not considered fair debt collection practices; you can read about them from the Internet. In brief anything that causes you mental or physical harm is not allowed. Even calling after a certain period of time is considered unfair practice. Hence if you have fallen a victim of unfair debt collection practices or false credit reports, take action immediately.

Safinajones - About Author:
Safina Jones is a legal advisor who has good information on fair debt collection practices. For more information on fair credit reporting act, please visit http://www.consumerlawfirmcenter.com/

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/fair-credit-reporting-and-fair-debt-collection-practices-are-your-rights.htm

Related Business Articles Subscribe to RSS

A basic guidance to the fair debt collection act
Published by Smith Jhonson on March 12th 2012 | Business
The fair debt collection act is all about protecting the rights of the creditor and the debtor as we...
 
Standout at a trade fair and put Exhibition Stands to the test
Published by Angie Turner on June 19th 2012 | Business
What’s the easiest way to attract a large crowd to your stall at a forthcoming exhibition? Have a...
 
Fair credit reporting and fair debt collection practices are your rights
Published by Safinajones on January 12th 2012 | Business
If you have fallen victim to false credit reports or unfair debt collection practices, do not suffer...
 
Personal injury attorney Nebraska will always get you a fair compensation
Published by Mchenry1 on May 24th 2012 | Business
An injury you get while an accident is something might take time to heal & also consume lot of your ...
 
Contractor accountants: skilled professionals at a fair wage
Published by Crowin Smith on February 13th 2012 | Business
Functioning in the business world entraps all into the laws that govern all the transactions around ...
 
Peru Amazon Tours in Tambo Blanquillo and Regions to Experience Near By
Published by Tracy Narvaez on August 25th 2012 | Business
On the way to the lodge from Cusco there is a cloud forest, various rainforest habitats and a small ...
 
Gardening and Outdoor Living Retailing in Emerging Markets: Market Guide to 2016
Published by Bharatbook on August 25th 2012 | Business
Bharatbook.com introduces a report Gardening and Outdoor Living Retailing in Emerging Markets: Mar...
 
Time to get the latest university news
Published by Gene Crayton on August 25th 2012 | Business
Education is a never-ending process. Each day you get to learn something new which may or may not be...
 
Voice over Agencies- Helping Hand for All Your Voice over Requirements
Published by Julia Roger on August 25th 2012 | Business
It is important that you choose a voice over agency that is reputed and is in the business for a con...
 
Use Outlook for Conference Room Scheduling
Published by Julia Roger on August 25th 2012 | Business
It is best to use different color codes for meetings in different conference rooms that will help in...
 
Use Outlook for Conference Room Scheduling
Published by Julia Roger on August 25th 2012 | Business
It is best to use different color codes for meetings in different conference rooms that will help in...