ECOA Guides

Equal Credit Opportunity Act

Equal Credit Opportunity Act

The Equal Credit Opportunity Act is a United States law which makes it unlawful for any lender to discriminate against any applicant due to race, sex, religion, ethnicity, color, national origin, marital status or age (unless the applicant is a minor). The Act was brought into force in 1976 and applies to any person or entity engaged in credit decisions including banks, credit unions, finance companies, bankcard companies, and retailers.

What Is A Tradeline?

A tradeline is nothing but the information that is contained in your credit report about payment …

What Is TransUnion?

TransUnion is one of the three major Credit Reporting Agencies in the United States of America wh…

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