1 / 6

Protect Your Credit: Dispute Errors & Fraud Safeguard

Learn how to dispute credit errors effectively and safeguard against fraud. Discover key agencies and steps to resolve credit problems, including debt issues and telemarketing fraud.

vauten
Download Presentation

Protect Your Credit: Dispute Errors & Fraud Safeguard

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Chapter 9 Credit Problems and Laws

  2. How Can Consumers Protect against Errors and Fraud? • Disputing a charge is the process of informing a credit company of an error on your bill. • Document all steps of your dispute and send a letter to the credit company. • Credit card fraud is when someone uses your credit account to steal money or goods. • Notify creditor as soon as possible. 9-1 Resolving Credit Problems Slide 2

  3. What Help Is Available to Consumers? 9-1 Resolving Credit Problems Slide 3

  4. What Help Is Available to Consumers? • Federal agencies • Federal Trade Commission (FTC) Bureau of Consumer Protection • U.S. government (www.usa.gov) • Consumer Action Handbook • Consumer Financial Protection Bureau • Federal Bureau of Investigation (FBI) • State agencies 9-1 Resolving Credit Problems Slide 4

  5. What Problems Can Arise from Debt? • Credit delinquency • Collection agencies • Judgment • Garnishment • Repossession and foreclosure 9-1 Resolving Credit Problems Slide 5

  6. Focus On . . . Telemarketing Fraud • To protect yourself, know the danger signs. • Examples: upfront fees, pressure to act immediately, no written documentation • Use a credit card in case you need to dispute the charge later. • Be cautious when dealing with unknown companies. • Use caller ID to avoid unwanted calls. 9-1 Resolving Credit Problems Slide 6

More Related