Congress Gave You a Leg Up in Terms of Your Credit

Let’s get right to it…when you are a consumer, Congress has your back.

Let me elaborate…”Google” 28 𝙐𝙎𝘾 3002 and go to (15). You’ll find out how the United States is defined and you’ll see why I refer to myself as a federally protected consumer.

You’re probably wondering “𝙃𝙤𝙬 𝙬𝙞𝙡𝙡 𝙩𝙝𝙞𝙨 𝙝𝙚𝙡𝙥 𝙬𝙞𝙩𝙝 𝙡𝙚𝙫𝙚𝙧𝙖𝙜𝙞𝙣𝙜 𝙘𝙧𝙚𝙙𝙞𝙩?”

Well, as federally protected consumers, I was directed to a number of laws placed in effect by congress dating back to the 1960s. These laws ensure that the consumer is happy and continues to do business.

Below is the outline of laws we benefit from:

1️⃣ 15 𝗨𝗦𝗖 1601 𝗧𝗥𝗨𝗧𝗛 𝗜𝗡 𝗟𝗘𝗡𝗗𝗜𝗡𝗚 — these laws govern the consumer credit transactions i.e. cars, homes, credit cards.

2️⃣ 15 𝗨𝗦𝗖 1681 𝗙𝗔𝗜𝗥 𝗖𝗥𝗘𝗗𝗜𝗧 𝗥𝗘𝗣𝗢𝗥𝗧𝗜𝗡𝗚 𝗔𝗖𝗧- the laws that govern how you consumer credit report is put together and all activities that go along with it.

3️⃣ 15 𝗨𝗦𝗖 1692 𝗙𝗔𝗜𝗥 𝗗𝗘𝗕𝗧 𝗖𝗢𝗟𝗟𝗘𝗖𝗧𝗜𝗢𝗡 𝗣𝗥𝗔𝗖𝗧𝗜𝗖𝗘𝗦 — this section teaches you your rights with debt collectors, both “creditors” and third party collectors.

FYI, trust me when I say when you read these sections, you’ll realize someone owes you big time.

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