Information on customers, such as credit history, is gathered and used by a number of companies. This includes the three main consumer credit agencies: Experian, Equifax, and TransUnion. Credit score ratings vary in value and can either provide a person the...
Your credit report is a crucial part of your financial picture. Minnesota homebuyers know the value of a good credit rating. A credit score of above 800 is top-tier and means that your credit status is in excellent condition. In times when your financial picture isn’t...
Depending on the number, FICO scores can either wield significant purchasing power or prevent a consumer from qualifying for credit. Governed by The Fair Credit Reporting Act (FCRA) since 1970, the federal law ensures accuracy, fairness, and privacy of the data of...
Consumers in Minnesota and the rest of the nation have reason to rejoice. The Consumer Financial Protection Bureau (CFPB) has issued a new rule. This decision is one that grants states a much wider range of powers to protect consumers. The new rule is set to take...
Many consumers in Minnesota may be unaware of false information on their credit reports. Credit reports may have a significant impact on your daily life. Whether you are applying for a mortgage, taking out a loan, opening a credit card or even seeking new car...
Debt and credit issues could severely affect someone’s financial life to the extent that filing for bankruptcy might provide the only solution. Minnesota residents might feel relieved to know that federal laws related to bankruptcy protections and credit reporting...
Credit scores are important to many people in Vadnais Heights, Minnesota, because it determines if they can get loans. Inaccurate credit reports can also cause consumers to get denied for leasing property and insurance. For this reason, Congress passed the Fair Credit...
Credit reports contain valuable information about our personal lives and financial dealings. This information typically cannot be disclosed to anyone without your permission. The Fair Credit Reporting Act (FCRA) protects consumers from illegal disclosures that can...
It’s not unusual to have errors in your credit report. While these issues are certainly frustrating, they can be fixed if you report them to the credit bureaus. However, you may not realize that your Minnesota family members can actually impact what’s in your credit...
The legal community in Minnesota is keeping an eye on the Federal Trade Commission's warnings about unfair AI. The Commission says that health systems and businesses are potentially using discriminatory AI that may violate consumer protection laws. The FTC is tracking...
