November 17, 2010
September 17, 2010
In the state Of California how long is a business supposed to keep you credit application on file ?
west_ward673 asked:
having trouble with a furniture store. a women posed as an employee,i walked in the door, she aproached me and asked if she could be of assistance. i filled out a credit application handed her my drivers liscense she took it to the office and it was processed.
so the next day after i found out she was not an employee of the store ,(she told me herself) i went back in and ask for my credit application back (if i can’t leave with the original i would expect a copy, but to still be able to review my original) i was told had been “destroyed”. from my understanding the furniture store is to keep the credit applications for 6 months. i belive that the women has left with my credit application and all my personal info. if anyone knows it woul help me out greatly. …so … how long is it to stay on file ?
Carolyn
having trouble with a furniture store. a women posed as an employee,i walked in the door, she aproached me and asked if she could be of assistance. i filled out a credit application handed her my drivers liscense she took it to the office and it was processed.
so the next day after i found out she was not an employee of the store ,(she told me herself) i went back in and ask for my credit application back (if i can’t leave with the original i would expect a copy, but to still be able to review my original) i was told had been “destroyed”. from my understanding the furniture store is to keep the credit applications for 6 months. i belive that the women has left with my credit application and all my personal info. if anyone knows it woul help me out greatly. …so … how long is it to stay on file ?
Carolyn
August 14, 2010
Is lying about income on a Credit Card application illegal?
Dan V asked:
From what I understand they very rarely verify the income you list.
From what I understand they very rarely verify the income you list.
Is there anything illegal about exaggerating annual income on a Credit Card application for the purposes of getting approved/getting a higher starting limit?
Please don’t give me ethics, I just want to know if it constitutes fraud (could be a typo for all they know) or if there’s anything illegal about my SPECIFIC question.
I would like a Yes or No if possible.
Linda
June 1, 2010
Forging a signature on a credit application?
Erin asked:
The owner of a small company forged a fellow employees signature on a credit application to get a loan approved for a customer without telling the employee. How would we go about dealing with this owner and what are the results for this forgery?
Daniel
The owner of a small company forged a fellow employees signature on a credit application to get a loan approved for a customer without telling the employee. How would we go about dealing with this owner and what are the results for this forgery?
Daniel
February 6, 2010
Instead of giving rewards to AIG and others at taxpayers expense, to the tune of 10s of thousands, ?
who’s sane asked:
Since American taxpayers are going to pay for the bailout, wouldn’t it be better to just letAIG fail and give each person legal in the US that will “pay” instead the money directly? The reason to given for the bailout it is so consumers can get loans,use credit etc? Why not let them just have access instead? Would it be cheaper? Isn’t it really just to protect stock holders? What Sayeth you?
JAMES
Since American taxpayers are going to pay for the bailout, wouldn’t it be better to just letAIG fail and give each person legal in the US that will “pay” instead the money directly? The reason to given for the bailout it is so consumers can get loans,use credit etc? Why not let them just have access instead? Would it be cheaper? Isn’t it really just to protect stock holders? What Sayeth you?
JAMES
December 17, 2009
Privacy act and other legal issues?
Serendipity asked:
A is a company that is involved in the collection of marketing information (magazine subscriptions) and usually purchases them off other parties. The thing is, one of A’s employee saw that a firm also included their consumer’s credit card and personal details. The employee said that it shouldnt go into their database but this was rebutted by his boss, as he thinks only the database managers would have access.
A is a company that is involved in the collection of marketing information (magazine subscriptions) and usually purchases them off other parties. The thing is, one of A’s employee saw that a firm also included their consumer’s credit card and personal details. The employee said that it shouldnt go into their database but this was rebutted by his boss, as he thinks only the database managers would have access.
The question here is, under the Australian law, what are some of the legal issues faced and the dilemma the employee is facing? What could and should he do? Help please!
Thanks
JORGE
September 28, 2009
Which of the following agencies enforces the Fair Housing Act?
Life= it GOes On asked:
A-The FBI
B-The Federal Trade Commission
C-The Department of Housing and Urban Development
D-The Department of the Interior
A-The FBI
B-The Federal Trade Commission
C-The Department of Housing and Urban Development
D-The Department of the Interior
#1
The Gramm-Leach-Bliley Act deals with consumer affairs issues
True
False
#2
What is the name of the state agency that usually enforces consumer credit laws?
#3
What is an example of credit?
A-A Bank of America ATM card
B-A Wachovia Bank debit card
C-A Banana Republic store charge card
D- A PNC Bank check
#4
Which of the following prohibits discrimination when issuing credit to consumers?
A-Fair Housing Act
B-Civil Liberties Act
C-Equal Credit Opportunity Act
D-Gramm-Leach-Bliley Act
#5
Which of the following was enacted to protect the accuracy and privacy of consumer credit information?
A-Fair Credit Reporting Act
B-Fair Housing Act
C-Gramm-Leach-Bliley Act
D-Equal Credit Opportunity Act
#6
Sandra buys a new couch from Sofa Quick. She wants to take advantage of the 12 months same as cash program, but the store denies her credit because she is a woman.
True or false: Sofa Quick has violated the Fair Credit Reporting Act.
True or false
#7
Simone applies for a mortgage loan from National City Bank. National City Bank’s description of the various charges and penalties that are part of the mortgage are so confusing that she unable to determine whether the loan offered by National City is better or worse than other banks.
True or false: National City has violated the Consumer Credit Protection Act.
True or false
#8
Overdraft protection is a(n) __________.
A-check
B-agreement of the bank to cover checks that are written when there are insufficient funds in the account
C-ATM card
D-agreement of the bank customer to ensure that there are sufficient funds in the bank account before writing a check
please help
LEON
September 19, 2009
Before filing for bankruptcy?
Buffalo1 asked:
….an individual must obtain some consumer credit counseling from an entity approved by the U.S. Trustee within 180 days of the date of the filing of a bankruptcy case.
So- -where is the best place to go get this required counseling?
DANTE
….an individual must obtain some consumer credit counseling from an entity approved by the U.S. Trustee within 180 days of the date of the filing of a bankruptcy case.
So- -where is the best place to go get this required counseling?
DANTE
September 14, 2009
can u legally reduce credit card debt without being sued?
concerned cc holder asked:
I see all these ads to help consumers get rid of their credit card debt from these companies that say u can do it legally. Also most say that debt can be instantly reduced by 40-70%. Can this be for real, I don’t see how it is possible without reprecussions. Can u do it on your own?
I am not behind in my accounts…yet!! But I dont know how much longer I can keep making the payments. Just trying to get some relief from these huge payments, takes up almost 50% of my take home pay right now!!!
BURTON
I see all these ads to help consumers get rid of their credit card debt from these companies that say u can do it legally. Also most say that debt can be instantly reduced by 40-70%. Can this be for real, I don’t see how it is possible without reprecussions. Can u do it on your own?
I am not behind in my accounts…yet!! But I dont know how much longer I can keep making the payments. Just trying to get some relief from these huge payments, takes up almost 50% of my take home pay right now!!!
BURTON