Articles, tagged with "equal credit opportunity", page 1

Fair Lending and Credit Act Explained

Despite the fact that balance is always in favor of the lender in approving mortgage loans of any kind the borrower also has certain rights under the existing law of the land. In fact the laws prescribe both rights and responsibilities for the borrower as... Read >
Author: brainrobin

New Loan Modification Federal Laws

The new loan modification federal laws can uncover fraudulent lenders New loan modification federal laws, which have been approved during last year, have helped homeowners to avoid foreclosure and to make their monthly mortgage loan payments affordable... Read >
Author: ArticleSubmit Auto

The Fair Credit Billing Act is a Boon to Consumers

Credit Card companies are pests to our economy that eat our lives without our knowledge. Credit card companies are money players that twist the laws per their requirement. The Fair Credit Billing Act of 1974 came as a jolt to credit card companies. This A... Read >
Author: robertanderson1

A Detailed study of the Equal Credit Opportunity Act

As per the Equal Credit Opportunity Act (ECOA) no person can be refused credit on the basis of race, creed, religion or sex. The Federal Trade Commission (FTC) enforces this act to prevent any discrimination. The financial institutions may ask you many qu... Read >
Author: Cachet Gomes

Insurance Credit Scoring: A Moral Issue

Isn't it interesting that the score most important in our financial lives, our consumer credit score does not even contain full disclosure? As stated above the Federal Trade Commission has ruled that it is ok for Fair Isaac & Co not to disclose the algori... Read >
Author: Maxwell Gould

How Did Your Credit Score Perform Today?

The 3 major credit bureaus, Experian, Equifax and Trans Union are similar and feature a "Credit Score", which is derived from credit report information submitted to them about you. Uner the Equal Credit Opportunity Act, a credit scoring system may not ... Read >
Author: Lenard Ashley

Financing For Women: The Long Road Towards Equal Opportunity

Though nowadays one might think that women and men have the same opportunities when it comes to obtaining credit, truth is that it has not always been so and even today there are still some differences that can put a question mark after the terms: equal o... Read >
Author: Devora Witts

Fair Housing Act

The Fair Housing Act, developed in 1968, is a legal policy that abhors prevention and prohibition on any discrimination for the sale, rent and financing of a housing property, by the owners of the housing and direct providers. These, such as real estate o... Read >
Author: Mary D.

Can we dispute our own official credit scores

Many of us wonder even if it is this legal to do so. Well, YES, you are given the right under the Fair Credit Reporting Act (FCRA), including the right to challenge inaccurate, misleading and obsolete items appearing on your credit report. Disputing items... Read >
Author:

Loan Modification Help Center – Federal Law Governing Mortgage Lending

Over the course of the last year, federal laws regarding loan modifications have changed radically. Between the end of George W. Bush's presidency and Barak Obama's new administration, federal laws have opened new opportunities for homeowners to avert f... Read >
Author: Loan Modification Help Center

Denver Home Mortgage : Shoping Info

When buying a home, remember to shop around, to compare costs and terms, and to negotiate for the best deal. There are many mortgage lenders out their. They will all have something different. Your local newspaper and the Internet are good places to start ... Read >
Author: Robert Bell

Equal Credit Opportunity Act and Foreclosure

Lenders who provide mortgage loans on a discriminatory basis may face liability under the Equal Credit Opportunity Act, which prohibits discrimination in credit. The Equal Credit Opportunity Act (ECOA) prohibits a wide array of discriminatory lending on t... Read >
Author: Nick Adama

Do You Know your Credit Score?

In the United States, more credit scores means higher opportunities. You are considered lucky if you obtain and maintain high credit scores compared to those who have incurred no credits at all. It is a popular belief that having high credit scores denote... Read >
Author: Juliet Sadler

Quit Pointing the Finger At Subprime Loans

It's official: Subprime borrowers aren't the sole 'culprits' for the economy's current real estate-driven debacle. According to data released by the HOPE NOW coalition on Wednesday, foreclosures were initiated against 105,000 'prime' borrowers in July,... Read >
Author: Robert Palmer

Drowning in Mortgage Debt?

While news reports continue to forecast rising foreclosure rates, there may be a solution for homeowners who think they're trapped in a mortgage with no way out. Distressed homeowners already have plenty of legal firepower on their side...they just don't... Read >
Author: Robert Palmer

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