Many rules and regulations are in place to protect consumers. The Equal Credit Opportunity Act states that lenders and entities that allow people to obtain credit cannot make credit decisions based on characteristics such as: Sex or gender Age Race Color Marital status In general, creditors can ask for the majority of this information, but…
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The holidays are here again, which means that the shopping season is in full swing. Last year, Americans spent enough money to put them into an average of $986 in debt per person. One of the reasons is that retailers encourage customers to spend more by using their store credit cards. Although using store credit…
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Consumers may take several risks when applying to certain types of loans. Fortunately, the Consumer Financial Protection Bureau (CFPB) has implemented new rules and regulations to protect borrowers from the risks associated with both long- and short-term loans, which typically have balloon payments. These kinds of loans that usually come in the form of payday…
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Have you ever been shopping at a retail store and as you’re cashing out the sales associate asks, “Would you like to sign up for a store credit card and save on your purchase?” If you’re like the majority of shoppers, you kindly decline as you go about your business. If you are someone looking…
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. Heather Weis | Benveniste Law Offices Call us 847-849-1163