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Consumer Protection
Written by: Rudy Freeman - on July 28th, 2006
The first step to protect yourself is to know your rights as a consumer. For example, you should know that you have the right to dispute the charges on your credit cards. If you have a problem with your purchases that you cannot solve it with the merchants, you can dispute it with the credit card issuer. Depending on the situation, your credit card issuer may work with the merchant and the charges may be removed from your credit card bill.
The government has established laws to govern business practices and protect consumers. Some of them are the Fair Credit Reporting Act, Fair Debt Collection Practices Act, and Equal Credit Opportunity Act. Click on the links above to download a copy for yourself, or you can go to the main site of Federal Trade Commission HERE to learn more about the laws.
If you are a married woman, you may have difficulty to establish a credit history under your name if you have used your married name to obtain credits. You should tell the credit issuers to report both your name and your spouse's name on the accounts (shared accounts) to the credit reporting agencies. The shared accounts on your credit file are good even if you are no longer married. You should also keep track of your credit accounts and verify them with your credit file. If you have never had a credit history under your name, click HERE to see what you should do to establish your credit history.
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