An Introduction to Credit and Managing Debt

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When you go to get a loan, it's your credit score that determines the rate -- or is it? With most banks paying their sales consultants higher commission for higher rates, you can't always be sure that you're getting the best deal on a loan. The purpose of this site is to educate you on myriad topics of managing debt.

Almost every day, you make some sort of financial transaction that requires you to make an "educated decision". On this web site, we have put toghther some info on myriad topics such as: shopping for a mortgage or car loan, checking the rating or accuracy of your credit report, dealing with those pesky debt collectors, or searching for ways to protect your private financial information.

Credit is a heck of a lot more than a piece of plastic you whip out of your purse or wallet .The resources on this site can help you become a more informed consumer.

By the way, as we note on the links page, the best source for no-BS credit information, for folks living in the U.S., is the Federal trade Commission FTC's web site. It offers far better advice than any private or commercial web site -- including ours! On the FTC site, you can also find compliance requirements for businesses, and information about the FTC’s recent law-enforcement actions.

I especially liked this liked this page about The Fair Credit Reporting Act (FCRA):

"...requires each of the nationwide consumer reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months. The Federal Trade Commission (FTC), the nation's consumer protection agency, has prepared a brochure, Your Access to Free Credit Reports, explaining your rights under the FCRA and how to order a free annual credit report."

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