Equal Credit Opportunity Act: Your Right to Credit
Aside from prohibiting creditors to discriminate against the above-mentioned factors, you also have the right to know why you are denied credit, and you are entitled to have public assistance considered in the same manner as other income.
Companies Under the Equal Credit Opportunity Act
Basically, everyone that takes part in deciding who gets granted credit, are mandated by this act. These companies and individuals include credit card companies, banks, credit unions, financial institutions, retail stores, department stores, and even real estate brokers who handle financing. This law doesn’t stop at individual consumers, though. It also protects businesses applying for loans.
Latest Credit News
Sail Seward to Vancouver on the Radiance of the Seas over Fourth of July and receive an exclusive $50 onboard creditJuly 17; Aug. 28; +$155 July 31Tue, 30 Jun 2015 15:45:00 GMT | Read More »
Sail from Ft. Lauderdale on Royal Caribbean's Oasis of the Seas, stopping in St. Maarten and St. Thomas, and receive a $50 exclusive onboard creditAug. 22; +$135 Sept. 5Tue, 30 Jun 2015 15:56:00 GMT | Read More »
Full service local sign provider, The Sign Store, helped Robins Federal Credit Union in Warner Robins, GA by replacing their outdated monochrome LED sign with full color LED sign which they can access from anywhere utilizing cloud-based LED software.Tue, 30 Jun 2015 11:00:00 EDT | Read More »