Wrongful access to volunteers' credit reports

December 31, 1969
December 31,1969

. He learned that his credit report, and that of many other volunteers, had been accessed by someone involved in the Perot campaign.

Comments to FTC: Collection of a Deceased Person's Debt

On October 8, 2010, the FTC announced a policy regarding debt collectors’ communications with third parties regarding a decedent’s debt. In this, the FTC expands the numbers of individuals a collector may contact when the debtor is deceased. We urge the Commission to reconsider this policy or at a minimum to offer guidance for individuals who may be contacted by a collector about a deceased consumer’s debt. We further urge the Commission to reconsider its policy regarding no enforcement for deceased debtor contacts.

What You Should Know About Credit Repair Companies

If you’re losing sleep over bad credit, ads promising a quick fix can seem like a dream come true. But, hook up with the wrong company and your dreams of clean credit can quickly turn into a living nightmare.

While the economy has faltered in recent years, credit repair companies have flourished. As is often the case, hard times for consumers create opportunities for scammers. An unscrupulous credit repair company may collect upfront fees, may make you pay for things you can get for free or may even persuade you to break the law.

If you are knee-deep in debt and thinking about a credit repair service, read out guide to find out how to recognize a dishonest credit repair service.

Identity Theft Red Flags and Address Discrepancies under the Fair and Accurate Credit Transactions Act of 2003

The detection of red flags and the need to reconcile address discrepancies are among the most important anti-identity theft measures included in FACTA. Effective business policies and practices that spot attempted and actual identity theft early have great potential for relieving this national crime wave. This was the promise and Congress’ intent when it directed the Agencies to adopt Red Flag Regulations along with procedures to reconcile address discrepancies in credit reports.

Financial Literacy and Education Campaign Strategies

Financial literacy should start early. Fundamental concepts such as the need for savings should be started in elementary school and be carried through the educational process.

Unfortunately, dysfunctional concepts such as “easy credit” are often instilled as college-age students are lured with multiple credit card offers and as television advertisements portray “the good life” as being fueled with credit card accounts. With the average household credit card indebtedness estimated at $9,000, these messages need to be countered early on with education about the responsible uses of credit.

Pages

Showing 1-10 of 18 results
Subscribe to credit