Whenever credit for personal, family, or household purposes involving a consumer is denied or the charge for the credit is increased either wholly or partly because of information obtained from a person other than a credit reporting agency bearing on the consumer's creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living, certain requirements must be met. The user of such information, when the adverse action is communicated to the consumer, must clearly and accurately disclose the consumer's right to make a written request for disclosure of the information. If such a request is made and is received within 60 days after the consumer learned of the adverse action, the user, within a reasonable period of time, must disclose to the consumer the nature of the information.
Houston, Texas is a vibrant city located in Harris County, Texas, with a population of over 2.3 million people. It serves as the largest city in Texas and the fourth-largest in the United States. Houston is known for its thriving economy, diverse culture, and notable landmarks. A "Notice of Increase in charge of Credit Based on Information Received From Person Other Than Consumer Reporting Agency" is an important document that informs consumers in Houston, Texas about changes in their credit charges. This notice is typically sent by credit card companies or lenders when there is an increase in the interest rate, annual fees, or any other charges related to the consumer's credit. There are various types of "Notice of Increase in charge of Credit Based on Information Received From Person Other Than Consumer Reporting Agency" that consumers in Houston, Texas may encounter: 1. Interest Rate Increase Notice: This type of notice informs consumers that their credit card's interest rate is being increased based on information received by the credit card issuer from a person other than a consumer reporting agency. 2. Annual Fee Increase Notice: Some credit cards may have an annual fee, and if it is being increased based on information received from a person other than a consumer reporting agency, a notice is typically sent to the consumer in Houston, Texas. 3. Penalty Fee Increase Notice: If a consumer has incurred penalty fees, such as late payment fees or over-limit fees, and there is an increase in these charges based on information received from a person other than a consumer reporting agency, a notice will be issued. 4. Change in Terms Notice: This type of notice encompasses all changes in credit terms, such as the interest rate, fees, grace periods, or credit limits, based on information received from a person other than a consumer reporting agency. It is crucial for consumers in Houston, Texas to carefully review these notices to understand the specific changes that affect their credit charges. If a consumer disagrees with the increase or wants further clarification, they should contact the credit card company or lender for additional information or dispute resolution. Overall, receiving a "Notice of Increase in charge of Credit Based on Information Received From Person Other Than Consumer Reporting Agency" in Houston, Texas denotes that changes are being made to the consumer's credit charges, and it is essential for them to stay informed and take appropriate action if necessary.Houston, Texas is a vibrant city located in Harris County, Texas, with a population of over 2.3 million people. It serves as the largest city in Texas and the fourth-largest in the United States. Houston is known for its thriving economy, diverse culture, and notable landmarks. A "Notice of Increase in charge of Credit Based on Information Received From Person Other Than Consumer Reporting Agency" is an important document that informs consumers in Houston, Texas about changes in their credit charges. This notice is typically sent by credit card companies or lenders when there is an increase in the interest rate, annual fees, or any other charges related to the consumer's credit. There are various types of "Notice of Increase in charge of Credit Based on Information Received From Person Other Than Consumer Reporting Agency" that consumers in Houston, Texas may encounter: 1. Interest Rate Increase Notice: This type of notice informs consumers that their credit card's interest rate is being increased based on information received by the credit card issuer from a person other than a consumer reporting agency. 2. Annual Fee Increase Notice: Some credit cards may have an annual fee, and if it is being increased based on information received from a person other than a consumer reporting agency, a notice is typically sent to the consumer in Houston, Texas. 3. Penalty Fee Increase Notice: If a consumer has incurred penalty fees, such as late payment fees or over-limit fees, and there is an increase in these charges based on information received from a person other than a consumer reporting agency, a notice will be issued. 4. Change in Terms Notice: This type of notice encompasses all changes in credit terms, such as the interest rate, fees, grace periods, or credit limits, based on information received from a person other than a consumer reporting agency. It is crucial for consumers in Houston, Texas to carefully review these notices to understand the specific changes that affect their credit charges. If a consumer disagrees with the increase or wants further clarification, they should contact the credit card company or lender for additional information or dispute resolution. Overall, receiving a "Notice of Increase in charge of Credit Based on Information Received From Person Other Than Consumer Reporting Agency" in Houston, Texas denotes that changes are being made to the consumer's credit charges, and it is essential for them to stay informed and take appropriate action if necessary.
