Complaining About Credit

Credit Dictionary
Accounts Receivable: credit extended by any person or company to another (normally unsecured) with .....

......
Creditor -- A person or business from whom you borrow or to whom you owe money.

Credit-related Insurance -- Health, life, or accident insurance designed to pay the outstanding balance of debt.

Credit Scoring System -- A statistical system used to rate credit applicants according to various characteristics relevant to creditworthiness.

Creditworthiness -- Past and future ability to repay debts.

The Credit System (Part 5)
Credit Scoring System:

(This is a sample of the system of a major bank.)

Factors_________ .....

Debit Card (EFT Card) -- A plastic card, looks similar to a credit card, that consumers may use to make purchases, withdrawals, or other types of electronic fund transfers.

Default -- Failure to repay a loan or otherwise meet the terms of your credit agreement.

Disclosures -- Information that must be given to consumers about their financial dealings.

Ready, Set...Credit
A credit card is a great financial tool. It can be more convenient to use and carry than cash and it offers valuable .....

Elderly Applicant -- As defined in the Equal Credit Opportunity Act, a person 62 or older.

Electronic Fund Transfer (EFT) Systems -- A variety of systems and technologies for transferring funds electronically rather than by check.

Finance Charge -- The total dollar amount credit will cost.

Home Equity Line of Credit -- A form of open-end credit in which the home serves as collateral.

Joint Account -- A credit account held by two or more people so that all can use the account and all assume legal responsibility to repay.

Late Payment -- A payment made later than agreed upon in a credit contract and on which additional charges may be imposed.

Lessee -- A person who signs a lease to get temporary use of property.

Lessor -- A company that provides temporary use of property usually in return for periodic payment.

Liability on an Account -- Legal responsibility to repay debt.

Open-End Credit -- A line of credit that may be used over and over again, including credit cards, overdraft credit accounts, and home equity lines.

Open-End Lease -- A lease which may involve a balloon payment based on the value of the property when it is returned.

Overdraft Checking -- A line of credit that allows you to write checks or draw funds by means of an EFT card for more than your actual balance, with an interest charge on the overdraft.

Point-of-Sale (POS) -- A method by which consumers can pay for purchases by having their deposit accounts debited electronically without the use of checks.

Points and Origination Fees -- Points are finance charges paid at the beginning of a mortgage in addition to monthly interest. One point equals one percent of the loan amount. An origination fee covers the lender's work in preparing your mortgage loan.

Punitive Damages -- Damages awarded by a court above actual damages as punishment for a violation of law.

Rescission -- The cancellation or "unwinding" of a contract.

Security -- Property pledged to the creditor in case of a default on a loan; see collateral.

Security Interest -- The creditor's right to take property or a portion of property offered as security.

Service Charge -- A component of some finance charges, such as the fee for triggering an overdraft checking account into use.

Subject Index:

Age

APR

Balloon Payment

Cancellation (Rescission)

Complaints

Credit Applications

Credit Bureaus

How To Get Free Rent
You can get free rent through one of three methods:

1) Manage an apartment.

2) .....

Credit Cards

Billing Errors

Liability for Loss or Theft

Credit Laws

Consumer Leasing

Electronic Fund Transfers

Equal Credit Opportunity

Fair Credit Billing

Fair Credit Reporting

Truth in Lending

Credit Records

Confidentiality

Correcting Errors

Women

Credit Records

Time Limits on Information

Credit Scoring

Crediting of Payments

Creditworthiness

Debit Cards

Defective Merchandise

Denials of Credit

Discrimination

Division of Consumer and Community Affairs

EFT

Errors on Account

Liability for Loss or Theft

Pre-authorized Transfers

Record of Transaction

Enforcement Agencies

Finance Charge

Housing Loans

Leasing

Open-end Credit

Penalties

Point-of-Sale

Public Assistance

Reserve Banks

Settlement Costs

Women

Alimony and Support Payments

Change in Marital Status

Cosigners

Credit Histories

Information About Spouse

Separate Accounts

Directory of Federal Agencies

National Banks

Compliance Management

Office of the Comptroller of the Currency

250 E Street, S.W.

Credit Repair Companies
Some credit repair firms are easy to spot; others can be more difficult to identify .....

Mail Stop 7-5

Washington, D.C. 20219

(202) 874-4820

State Member Banks of the Federal Reserve System

Division of Consumer and Community Affairs

Federal Reserve Board

Washington, D.C. 20551

(202) 452-3693

Nonmember Federally Insured State Banks

Office of Consumer Programs

Federal Deposit Insurance Corp.

Washington, D.C. 20456

(202) 898-3536 or (800) 934-FDIC

Savings and Loan Associations

Division of Consumer and Civil Rights

Office of Community Investment

Office of Thrift Supervision

1700 G Street, N.W.

Washington, D.C. 20552

(202) 906-6237

Federal Credit Unions

Office of Public and Congressional Affairs

Office of Consumer Programs

National Credit Union Administration

1776 G Street, N.W.

Washington, D.C. 20456

(202) 682-9640

Other Lenders

Division of Credit Practices

Bureau of Consumer Protection

Federal Trade Commission

Washington, D.C. 20580

(202) 326-3233

Department of Justice

Civil Division

Office of Consumer Litigation

550 11th St., N.W.

The Inside Secrets Of Credit Repair
The information on this disk has saved many people a lot of money. This disk is a guide to repairing your credit. Even if you have A-1 credit, .....

The Todd Building

Room No. 6114

Washington, D.C. 20530

(202) 514-6786

Federal Reserve Banks

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

Publication Services MS-138

Washington, DC 20551

(202) 452-3000

ATLANTA, Georgia

Public Affairs Department

104 Marietta Street, N.W.

ZIP 30303-2713

(404) 521-8500

BOSTON, Massachusetts

Public Services Department

P.O. Box 2076

ZIP 02106-2076

(617) 973-3000

CHICAGO, Illinois

Public Information Center

230 South LaSalle Street

P.O. Box 834

ZIP 60690-0834

(312) 322-5322

CLEVELAND, Ohio

Public Affairs Department

P.O. Box 6387

ZIP 44101-1387

(216) 579-2000

DALLAS, Texas

Public Affairs Department

2200 North Pearl Street

The Credit System (Part 4)
Five Steps To Obtaining A1 Credit:

Now that you understand the basics of what credit is, and why it is so .....

Zip 75201

(214) 922-6000

KANSAS CITY, Missouri

Public Affairs Department

925 Grand Avenue

ZIP 64198-0001

(816) 881-2000

MINNEAPOLIS, Minnesota

Public Affairs Department

250 Marquette Avenue

ZIP 55401-0291

(612) 340-2345

NEW YORK, New York

Public Information Department

33 Liberty Street

ZIP 10045

(212) 720-5000

PHILADELPHIA, Pennsylvania

Public Information Department

P.O. Box 66

ZIP 19105

(215) 574-6000

RICHMOND, Virginia

Public Services Department

P.O. Box 27622

ZIP 23261

(804) 697-8000

ST. LOUIS, Missouri

Public Information Office

P.O. Box 442

ZIP 63166

(314) 444-8444

SAN FRANCISCO, California

Public Information Department

P.O. Box 7702

ZIP 94120

(415) 974-2000

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