Reporting
The length of time a credit score is impacted by a debt in collections.
What is 7 years?
This law ensures all consumers have equal chance to obtain credit.
What is the Equal Credit Opportunity Act?
What is Payment History?
Be cautious with this Government Issued Unique Number.
What is your Social Security Number?
What is pay your bills on time and in full?
Offering an amount that is less then the total debt owed.
What is the Fair Credit Reporting Act?
A hard inquiry would impact this part of your credit score.
What is New Credit?
The length of time Bankruptcies impact a credit score.
What is 10 years?
This act requires that debt collectors treat you fairly & prohibits deceptive or abusive tactics.
How long you've been using credit can impact this part of your credit score.
What is Length of Credit History?
The three main Credit Reporting Agencies
What is Equifax, Experian, and TransUnion?
This law gives you the right to have the details before signing a contract or loan agreement
What is the Truth in Lending Act?
This percentage represents how much the amount of outstanding debt affects your credit score.
What is 30%?
When non payments on a loan result in loss of your collateral.
This law applies to open-end credit accounts such as credit cards and how to resolve account charges.
What is the Fair Credit Billing Act?
What is Credit Mix?