Monthly Archives: November 2015

IT’S ALL ABOUT DEBT

Last week I opened my monthly statement from my Discover card account and made an interesting discovery. Those of you that have this card know that Discover now monitors your credit score monthly and prints the number on your statement. So I looked at the credit score on my statement and immediately noticed that it had dropped thirty points from the previous month.

WHAT’S WITH THE LEGAL MUMBO JUMBO??

In my last article I quoted chapter and verse of the Fair Credit Reporting Act (FCRA) that pertains to the dispute process. Before you get involved with disputes the three major credit repositories and the bureaucracy of the credit industry you should be familiar with the federal laws that explain your rights as a debtor. The other two are the Fair and Accurate Credit Transactions Act (FACT) and the Fair Debt Collections Act. They form the basis of your rights as a debtor and the procedures for exercising those rights.