Truth in Lending Act
Requires creditors to give you written disclosures of important terms of the credit agreement such as APR, finance charges, monthly payment amounts, payment due dates, total amount being financed, length of the credit agreement and the consequences of not making monthly payment.
Federal Trade Commission's Credit Practices Rule
Requires creditors to provide a written notice to potential co-signers about their liabilty if the other person fails to pay,
Prohibits late charges in some situations; and
Prohibits creditors from using certain contract provisions that the government found to be unfair to consumers.
Equal Credit Opportunity Act
Prohibits the denial of credit because of your sex, race, marital status, religion, national origin, age, or receiving public assistance.
Fair Credit Reporting Act
Gives you the right to learn what information is being distributed about you by credit bureaus.
Fair Debt Collection Practices Act
Prohibits third party debt collectors from using unfair or deceptive practices to collect overdue bills that your creditor has forwarded for collection.
FEDERAL TRADE COMMISSION
Washington, D.C. 20580
Phone: 877-FTC-HELP (382-4357)
Web site: www.ftc.gov
FEDERAL RESERVE SYSTEM
Washington, D.C. 20551
Phone: (202) 452-3693
Web site: www.federalreserve.gov
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Truth in Lending Act
Requires creditors to give you written disclosures of important terms of the credit agreement such as APR, finance charges, monthly payment amounts, payment due dates, total amount being financed, length of the credit agreement and the consequences of not making monthly payment.
Federal Trade Commission's Credit Practices Rule
Equal Credit Opportunity Act
Prohibits the denial of credit because of your sex, race, marital status, religion, national origin, age, or receiving public assistance.
Fair Credit Reporting Act
Gives you the right to learn what information is being distributed about you by credit bureaus.
Fair Debt Collection Practices Act
Prohibits third party debt collectors from using unfair or deceptive practices to collect overdue bills that your creditor has forwarded for collection.
FEDERAL TRADE COMMISSION
Washington, D.C. 20580
Phone: 877-FTC-HELP (382-4357)
Web site: www.ftc.gov
FEDERAL RESERVE SYSTEM
Washington, D.C. 20551
Phone: (202) 452-3693
Web site: www.federalreserve.gov