FACT Guides

Adverse Action And Credit Reports

Adverse Action And Credit Reports

The term adverse action is defined in the Equal Credit Opportunity Act and in the Fair Credit Reporting Act. It is defined as – the term “adverse action” means a denial or revocation of credit, a change in the terms of an existing credit arrangement, or a refusal to grant credit in substantially the amount or on substantially the terms requested. Such term does not include a refusal to extend additional credit under an existing credit arrangement where the applicant is delinquent or otherwise in default, or where such additional credit would exceed a previously established credi…

Fixing Your Credit

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

Credit History And Credit Reports

A credit history is a documentation and proof of a consumer’s payment and borrowing behavio…

MOST POPULAR GUIDES