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.

Contents Of A Credit Report

A credit report is a tool to measure the creditworthiness of a borrower and is used by lenders an…

Fixing Your Credit

Terrible credit can have an enormous impact on your life. It can be almost impossible to purchase…

MOST POPULAR GUIDES