Credit & LoansIn Debt?
Facts for Consumers
- Before You File for Personal Bankruptcy: Information About Credit Counseling and Debtor Education
[PDF]
Advises consumers about the new bankruptcy law requiring credit counseling before filing for bankruptcy and debtor education after filing.
- Credit and Your Consumer Rights
[PDF]
[en español]
Explains credit laws that protect your right to obtain, use, and maintain credit. Offers practical tips to help you solve credit problems.
- Credit Repair: How To Help Yourself [PDF]
[en español]
Cautions consumers about companies that charge hundreds, even thousands of dollars, but don't deliver on their claims. Truth is, no one can legally remove accurate negative information from a credit report. Explains how to legitimately improve your creditworthiness.
- Fair Credit Billing
[PDF]
[en español]
The Fair Credit Billing Act establishes procedures for resolving billing errors on your credit card accounts. Includes sample dispute letter.
- Fair Debt Collection
[PDF]
[en español]
Answers commonly asked questions about your rights under the Fair Debt Collection Practices Act, which requires that debt collectors treat you fairly and prohibits certain methods of debt collection.
- Fiscal Fitness: Choosing a Credit Counselor
[PDF]
[en español]
Defines debt repayment plans, explains the differences between secured and unsecured debt, and offers questions to ask credit counseling agencies if you consider using their services.
- Foreclosure Rescue Scams: Another Potential Stress for Homeowners in Distress [PDF][en español]
Explains how various foreclosure rescue scams work, and where consumers can find legitimate help.
- For People on Debt Management Plans: A Must-Do List
[PDF]
Lists must-dos for anyone with a Debt Management Plan, and the steps to take if the credit counselor handling your DMP has gone out of business. Also offers a list of questions to ask when choosing a credit counselor.
- Gold and Platinum Cards
[PDF]
If you’re looking for credit, be wary of some 'gold' or 'platinum' card offers promising to get you credit cards or improve your credit rating. Lists tip-offs to rip-offs.
- Knee Deep in Debt
[PDF]
[en español]
If you or someone you know is in financial hot water, consider these options: realistic budgeting, credit counseling from a reputable organization, debt consolidation, or bankruptcy. Tips on getting back in the black.
- Mortgage Payments Sending You Reeling? Here’s What to Do
[PDF]
[en español]
For consumers who may be having trouble paying their mortgage. Explains options to help save their homes, and how to recognize and avoid foreclosure scams. 8.5"x11", 4 pages.
- Secured Credit Card Marketing Scams
[PDF]
A secured card requires you to open and maintain a savings account as security for your line of credit; an unsecured card does not. Describes common advertising and marketing scams for secured credit cards.
- Vehicle Repossession: Understanding the Rules of the Road
[PDF]
Discusses your creditor's rights in seizing and reselling your car for nonpayment, and explains deficiency - the difference between what you owe on your loan and what your creditor gets for reselling your car. 8.5"x11", 4 pages.
Consumer Alerts
- Advertisements Promising Debt Relief May Be Offering Bankruptcy
[PDF]
[en español]
Urges consumers to use caution when reading ads pitching debt relief. Lists what to look out for, and offers tips if you’re having trouble paying your bills.
- Before You File for Personal Bankruptcy: Information About Credit Counseling and Debtor Education
[PDF]
Advises consumers about the new bankruptcy law requiring credit counseling before filing for bankruptcy and debtor education after filing.
- Credit Repair: How to DIY and Avoid a Scam [PDF] [en español]
Cautions consumers about companies that charge hundreds, even thousands of dollars, but don't deliver on their claims. The truth is, no one can legally remove accurate negative information from a credit report.
- Negative Credit Can Squeeze a Job Search [PDF]
Bad credit can affect your ability to get more credit and to get or keep a job. Employers often use a credit report when they hire and evaluate employees for promotion, reassignment or retention. Explains your rights under the Fair Credit Reporting Act.
- Payday Loans Equal Very Costly Cash: Consumers Urged to Consider the Alternatives
[PDF]
[en español]
Explains how these loans work, but cautions that they come at a very high price. Lists alternatives.
- Out of Work? How to Deal with Creditors
[PDF]
[en español]
If you've recently lost your job, your first thoughts may be, "how will I make ends meet." The Federal Trade Commission spells out your rights when it comes to fair debt collection and credit reporting practices.
- Time-Barred Debts
[PDF]
[en español]
Offers information on debt collection practices as they relate to debts that are past the statute of limitations.
Articles You can reprint these articles in your newsletter, magazine or website.
- How to Recognize a Foreclosure Rescue Scam [PDF]
Explains how various foreclosure rescue scams work, and where consumers can find legitimate help.
- Protect Yourself From Credit Repair Scams [PDF]
Warns consumers that no one can remove accurate negative information from your credit report. Offers tip-offs to rip-offs.
