Reporting
The length of time a credit score is impacted by a debt in collections
What is 7 years?
All consumers have equal chance to obtain credit
What is the Equal Credit Opportunity Act?
300-850
What is the Credit Score Range?
Be cautious with this Government Issued ID Number
What is a Social Security Number?
Best way to increase a credit score
Offering an amount of money to settle a debt
What is Debt Negotiation?
You have a right to receive a copy of your credit report
What is the Fair Credit Reporting Act?
Pulling credit for a car loan would impact this part of a credit score
What is New Credit?
Get a new identity
What is Illegal?
This type of credit inquiry does not negatively impact you
What is a soft inquiry?
Will also accept, What is an Annual Credit Report?
The length of time Bankruptcies impact a credit score
What is 10 years?
Debt Collectors must treat you fairly & can not use deceptive or abusive tactics
What is the Fair Debt Collection Practices Act?
What is Length of Credit History?
This can be done to an individual's credit to prevent scammers from opening new lines
What is lock your credit?
Paying down your smallest debt first, and then the next largest, then the next...
What is the Snowball Method?
Experian, Equifax, and TransUnion
What are the three main Credit Reporting agencies?
Your right to have the details before signing a contract or loan agreement
What is the Truth in Lending Act?
30% of a credit score
What is Amounts Owed?
If you think you have been scammed contact this government agency
What is the Federal Trade Commission (FTC)?
This monthly plan of household finances can help to prevent over-spending
When non-payment of a loan results in the loss of your collateral
What is a Foreclosure?
Will also accept, What is a Repossession?
Your protection from unauthorized charges to a credit card stems from this law
What is the Fair Credit Billing Act?
A car loan, student loan, mortgage, & a credit card make for...
What is a good credit mix?
What is the Credit Repair Organizations Act?
Providing to a lender canceled checks, bill receipts, rent statements, utility receipts
What is Nontraditional credit?