Credit and Your Consumer Rights

• Category: Federal - FTC
• State: Multi-State
• Control #: US-MC-0002
• Format: Word; Rich Text

Description

This is information directly from the Federal Trade Commission. No changes can be made to this information. All FTC Information is free.

Credit and Your Consumer Rights is a set of rights and protections that individuals have when engaging in credit activities. These rights cover the areas of obtaining credit, using credit, and managing credit related accounts. Types of Credit and Your Consumer Rights: 1. Fair Credit Reporting: This right protects consumers from inaccurate and incomplete credit reports. Consumers have the right to dispute any incorrect information on their report and to have it removed if it’s proven to be false. 2. Fair Credit Billing: This right protects consumers from unfair billing practices. Consumers have the right to dispute any incorrect charges and to receive a refund if the charge is found to be incorrect. 3. Right to Receive Credit: This right protects consumers from discrimination when applying for credit. Consumers have the right to be considered for credit regardless of their race, gender, religion, or any other personal characteristics. 4. Right to Privacy: This right protects consumers from the misuse of their personal information. Consumers have the right to have their information kept secure and to be notified if it is used in any way. 5. Right to Dispute Errors: This right protects consumers from incorrect or fraudulent charges. Consumers have the right to dispute any charge that is incorrect or that they did not authorize.