No credit card just sex
Most negative credit events, like late payments, are removed after 7 years.Bankruptcies can stay on your reports for up to 10 years.After all, you don’t want to have to pay for inaccurate or fraudulent charges.The Fair Credit Billing Act (enacted as an amendment to the Truth in Lending Act in 1974) lays out some rules for how to handle disputes about mistaken or fraudulent billing.For example, if a card has 0% APR for a period of time, it must be clearly described as an “intro” APR period and the issuer must explain when and how the intro period could expire.TILA also requires that credit card statements note how long it would take to pay off the balance if you were to only pay the minimum payment.The first credit right one can have is the ability to access it in the first place. 28, 1974) protects credit card applicants from discrimination based on race, color, religion, national origin, sex, marital status or age.Discrimination, unfortunately, has a long history of blocking equal access to all kinds of goods and services. In addition to those protections, an applicant cannot be discriminated against for receiving public assistance or for exercising their rights under the Consumer Credit Protection Act. For now, just know that you can’t be penalized for calling out illegal policies.
Many offers require extra clarification under TILA.You also have the right to dispute the application decision after you receive the reason.It’s worth noting that issuers can still ask questions about your age, marital status and other information. For example, creditors can ask the applicant’s age to determine if they are old enough to open a credit account.If your application is declined, you have 60 days to request a reason (if you didn’t receive one in the first place).The issuer then has 30 days to explain the reason they declined the application, and by law is required to either send you what’s known as an “Adverse Action Notice” telling you why or inform you that you are allowed to make the request.