May
21
Do state’s laws have any influence over what appears on credit reports?
Filed Under Law & Ethics | 1 Comment
Jesse M asked:
For example, let’s say that California decides that poor and working class families, more likely have damaged or flat out bad credit, are more likely to be rendered homeless if negative credit items related to rental history were to appear on credit reports so they decide they can’t. Would they have the right to pass such a law so that California residents do not have anything related to rental or utility history appearing on a credit report?
For example, let’s say that California decides that poor and working class families, more likely have damaged or flat out bad credit, are more likely to be rendered homeless if negative credit items related to rental history were to appear on credit reports so they decide they can’t. Would they have the right to pass such a law so that California residents do not have anything related to rental or utility history appearing on a credit report?
There will be follow-up questions. Please return to view.
Also, if you have any expertise in this area, please let me know.
Thanks.
BABY #1, What is your experience with this issue? Thanks.
Karl
Apr
21
cmw99us asked:
Back in 1997, I ran into some financial trouble and took out a loan for the balance on a mobile home I once owned. I defaulted on the loan that year, but it is still on my credit report. I wrote letters to the bank and to the credit reporting agencies, and this is still on my credit report. This is the only bad credit/delinquency I’ve ever had. I would appreciate any suggestions.
Annie
Back in 1997, I ran into some financial trouble and took out a loan for the balance on a mobile home I once owned. I defaulted on the loan that year, but it is still on my credit report. I wrote letters to the bank and to the credit reporting agencies, and this is still on my credit report. This is the only bad credit/delinquency I’ve ever had. I would appreciate any suggestions.
Annie
Feb
11
Why should credit reports have so much power over people’s lives?
Filed Under Law & Ethics | 6 Comments
Vivianna asked:
If your child has to have an operation and your husband gets laid off and your credit gets ruined because the only option is to file bankruptcy. If your credit is ruined that means you can’t rent or buy a house. Can’t get a job. Pay higher rates for everything from car insurance which is mandatory. Not to mention forget about ever buying car again. So once a person gets their credit ruined how are they supposed to just live their lives?
JULIO
If your child has to have an operation and your husband gets laid off and your credit gets ruined because the only option is to file bankruptcy. If your credit is ruined that means you can’t rent or buy a house. Can’t get a job. Pay higher rates for everything from car insurance which is mandatory. Not to mention forget about ever buying car again. So once a person gets their credit ruined how are they supposed to just live their lives?
JULIO