Fair Debt Collections Act Debt collectors ◦ Cannot call before ____ or after ______ ◦ Harass or abuse you in any way ◦ Lie about or imply you have ___________________ ______________if you do not pay your bill ◦ Conceal their identity If you rights have been violated ◦ ___________________________

Fair Credit Billing Act Error on you bill ◦ Call _________and inquire about error ◦ Follow up with letter within _____ days after it first appears on bill ◦ _______have to respond within ____ days  ________error  Or explain why it is correct Only applies to ______________

Fair Credit Reporting Act Gives you the right to _____ free credit report each year You have the right to ________________

Fair Accurate Transaction Act Allows ____________with CRA You have a right to see your ____________ Receipts can only show last _____digits of Card # Lenders must take action on ______________even before you are aware

Credit Cardholders Bill of Rights Act Strict finance charge and interest rate rules ◦ Cannot ___________ interest rates for the first ____ months ◦ Promotional rates must be for ______months ◦ Rate increases can only apply to _______ purchases ◦ Payments due _________day each month ◦ Statements need to be sent at least ________before due

Truth in _______Law ◦ Also know as _________________ ◦ All costs be disclosed (Disclosure Statement) ◦ If your card is lost or stolen you may only be liable up to $_____ for all unauthorized charges. Usury Law ◦ ____________________that a lender can charge

Fair Credit Opportunity Act You can not be denied credit based on: ◦ _________________________________ _________________________________ ______________________ You can be denied credit based only on: ◦ _________credit history ◦ Not enough __________to pay ◦ Too much ________________

Getting out of debt… 1. Create a ___________ 2. Contact _____________ 3. Credit counseling 4. Debt consolidation is __________ 5. Last resort: _______________