Anyone can file a complaint with the CFPB and there are two ways to file: Over the phone and Online. This resource outlines the steps to take to submit comment and provides tips to completing the forms.
Understanding how a credit report works and how it affects a family is critical in allowing families to make the right choices in dealing with debt and other obligations. This article sets out what families in financial difficulty should know about credit reporting and credit scores, including what they are, at what point non-payment affects a…
Advice for Older Consumers About Credit Cards Credit card debt can cause tremendous financial problems for older adults. Credit card problems are a leading cause of consumer bankruptcy filings. Contrary to popular myth, huge credit card bills are not mostly due to irresponsible overspending. Many consumers resort to credit cards to meet pressing financial needs…
Read More about Consumer Concerns: Information for Advocates Representing Older Adults
Why is it important to correct errors in my credit report? What can I do if there is an error in my credit report? These questions and more are answered in NCLC’s Facts for Older Consumers: Disputing Errors in a Credit Report.
Facts for Older Consumers If you have ever applied for a credit card, a personal loan, insurance, or a job, there is probably a company keeping a credit file or credit report about you. This file contains information about where you live and work, how you pay your bills, or whether you have been sued,…
Read More about What You Should Know About Your Credit Report
