Credit Score Impact Explained

Summary

The Equal Credit Opportunity Act (ECOA) prohibits credit discrimination based on various factors, including marital status. Creditors must provide written notice of negative information within 30 days. The Fair Credit Reporting Act (FCRA) allows you to dispute inaccurate information. Consult a legal professional for personalized advice.

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april
Hello April, nice to meet you. How can I assist you with your legal issue today?
if you never knew about the dedit to ratio and when husband died the used incomplete information to show i wws over the *&
Hello April, I'm sorry for your loss. Could you clarify your query? Are you referring to issues with debt-to-income ratio in relation to a probate or estate matter after your husband's passing?
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Hello April, I understand you're dealing with a debt-to-income ratio issue after your husband's passing. In Arizona, credit agencies should use complete and accurate information. Could you please specify what kind of incomplete information was used?
i never knew about the debt to ratio and after husband died credit cards lowerd limit added bal from maincard i was authorized used, no one toldme that the about adebt to ratio andhow mycreditscore when down , i how did that happen if they didntknow my money situration
I'm sorry for your loss and that you're going through this, April. In Arizona, credit card companies may reduce your limit or close your account upon the death of a cardholder, even if you're an authorized user. This can affect your credit score. They don't necessarily need to know your financial situation to do this. It's crucial to communicate with them about your circumstances.
i didn't know what was happening, i got all new cards, lost my perfect payment histoty of 43 years,,,isn't their a rulling on if there is a nagivitve reaction to your credit due to death of mate, that you are told in writing or anything what my legal rights ae
I'm sorry to hear about your situation, April. In Arizona:
- Creditors must provide written notice of any negative information they furnish to a credit reporting agency within 30 days.
- The Fair Credit Reporting Act allows you to dispute incomplete or inaccurate information.
- The Equal Credit Opportunity Act protects against credit discrimination.
Please consult with a legal professional for advice tailored to your situation.
what is the ecoa that covers this mess
The Equal Credit Opportunity Act (ECOA) is a federal law that prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because you get public assistance. Under ECOA:
- Lenders cannot discourage you from applying for credit.
- You have the right to know why your application was rejected.
- You have the right to know why you received less favorable terms.
- You have the right to know why your account was closed or why the terms of the account were made less favorable.
Remember, this is general information and you should consult with a legal professional for advice tailored to your situation.
is there a rule number
The Equal Credit Opportunity Act (ECOA) is a federal law codified as * U.S. Code ยง *. It's implemented by Regulation B (* CFR Part *). Always consult with a legal professional for advice tailored to your situation.