1. Section 6.3

2. What we will learn Main Idea

3. What can you do to dispute billing errors? Notify your creditor in writing and include any information that might support your case Pay the portion of the bill not in question

4. What happens next?

5. According to law…

6. According to Fair Credit Billing Act…

7. Imagine yourself saying…. “I don’t remember buying those items. I’ve never even been to that store” Maybe you didn’t charge those items, but someone else did, someone who used your name and personal information to prevent fraud. Imposters using others personal information for their own purposes is called identify theft.

8. If someone has stolen your identity, the Federal Trade Commission recommends that you take three actions immediately….. Contact the Credit Bureaus Contact the Creditors File a Police Report

10. Steps to protect yourself

11. Cosigning

12. Truth in Lending and Consumer Leasing Acts

13. Equal Credit Opportunity Act (ECOA)

14. Fair Credit Opportunity Act

15. Fair Credit Reporting Act

16. Consumer Credit Reporting Act