New consumer credit protection rules coming in February 2010

After 6 years of wrangling and delays, finally, the Federal Trade Commission and the Federal Reserve have instituted consumer credit protection rules, originally required by Congress way back in 2003. Both agencies published these important regulations, that they now claim will safeguard loan applicants from overcharges on interest rates stemming from errors and outdated information lurking in their credit bureau files.
We applaud these changes. They are late. But they are necessary. Now, hopefully, people will have better protection for their credit reports and will not be victimized by mistakes that get into the credit reports, mistakes which affect their credit score.

Here is a new article summarizing the changes: www.washingtonpost.com

More in-depth help here: www.findhow2.com/repair-credit.html

Helpful books from Amazon.com:


Credit Scores and Credit Reports 3rd ed: How The System Really Works, What You Can Do (Credit Scores & Credit Reports: How the System Really Works,)

The Road to 850: Proven Strategies for Increasing Your Credit Score