There is actually a system in place that protects us as consumers. It started in the 1950’s as the United States started to develop laws that would hold companies legally responsible for hurting consumers. Find out how the law has changed to protect us as consumers today in 2020.
We take the blame and pay bills we don’t owe to protect our credit rating. Then we end up blaming our own naivety rather than fighting for our rights as a consumer. Knowing how to fight for your rights begins with knowing what they are. Let’s take a look at our consumer rights in the United States.
We have rights as consumers, but the best thing you can do is to not get taken advantage of in the first place. So learn how to make your dollars count this holiday season.
Consumer credit had increased by 3.3% in June and 3.6% in July. In September it increased again by 4.7%. Whether your personal financial debt has been rising or not, it is safe to say that none of us can predict what will happen next. Take a look at ways to protect yourself from financial ruin as a consumer.
If your identity or your wallet was stolen, you are probably wondering if you are liable for charges and hoping that there aren’t more issues you haven’t seen yet. There are ways to prevent identity theft and fraud and protect yourself in the future. Let’s look at the steps to repair your financial situation and/or stolen identity.
In recent years, the FTC received more consumer complaints about debt collectors than about any other single industry. The reason for this increase in complaints about debt collectors is due to a growing industry in the US called Debt Buying. Learn about debt buying and how it affects you as a consumer.
If you are contacted about debt you don’t actually owe, find out more about the debt and dispute it. Find out the steps to take before your credit score tanks.
It is easy to panic and wonder what you will do when faced with bad debt that you don’t have money to pay. However, there are ways to handle your financial situation. Check out these very doable steps to freedom.
According to Fool.com, The average American’s credit card balance is $6,194 as of the second quarter of 2019 and 61% of American consumers have at least one credit card while the average person has four. If you are in credit card debt, you may feel burdened and stressed thinking about what steps to take next, but just take a deep breath as we look at ways to find financial freedom again.
Ignoring that you owe a creditor is not a good solution. The company you owe has lawful ways to collect the debt. You have lawful ways you can respond. Let’s look at the timeline of what will most likely happen and your potential options.