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A consumer can hardly hope to purchase a financial product or service without being subject to fine-print terms that require them to surrender their right to go to court and privately arbitrate any dispute that might come up between them and lenders or other financial institutions. But the CFPB’s proposal

The FICO score has been the dominant marker of creditworthiness ever since it came on the scene a quarter century ago. Today, some 10 billion FICO scores are sold each year to lenders looking to vet potential customers for new credit, according to parent company Fair Isaac Corporation (FICO). But

For any key decision, a minimum amount of information is required to make an informed judgment. Consider an airplane pilot readying for takeoff. Suppose that the radar is out, or the instruments are flickering. A responsible pilot wouldn’t proceed down the runway until having all vital information to ensure a

Please NOTE: Many of our consultants have a great deal of minority clients especially African Americans. This post will provide some insights as to the financial struggle of the community as well as some nuances and help you as a consult to sound like an expert when called on to

Today, the process of getting a mortgage is easier to understand because the Know Before You Owe mortgage disclosure rule is now in effect. The disclosures required for getting most mortgages have been redesigned to help you shop around to compare offers and find the loan that’s the best for

When you shop for a mortgage, you should not have to worry about discrimination. The Equal Credit Opportunity Act (ECOA) prohibits lenders from discriminating against applicants on the basis of race or ethnicity. Today, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) have filed a complaint

In this helpdesk you will find powerful credit repair tactics that are often left on the table. So much power is within the hands of consumer when understanding provisions within laws such as the Fair Credit Billing Act. In such, consultants can use it to resolve late payment issues with

Scammers Will Be Banned From Credit Repair Services Industry, Subject to a $2.4 Million Judgment The operators of a bogus credit repair scheme that allegedly tricked Spanish-speaking consumers into paying thousands of dollars each to supposedly improve their credit will be banned from offering credit repair services and subject to

Most people, both lawyers and non-lawyers, believe that filing bankruptcy does not result in a discharge of a student loan.   That, for the most part, is true under the 2005 Bankruptcy Act amendments.  The code, as amended, does not provide for the discharge of a student loan in