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Consumer Laws and Rights
As a consumer you are entitled to certain rights under a number of consumer laws are in place to protect you. Knowing these consumer laws and rights can spare a lot of hassles. This article will review several consumer laws that protect your rights.
When it comes to your consumer rights, it is important to understand the protections you are entitled to by law. From the way companies can report your credit information to the rights you have when debt collectors call you, it is a good idea to have an idea of your rights. For the most part, the Federal Trade Commission (FTC) is in charge of these laws, and you can find out more about your rights and protections as a consumer by visiting ftc.gov
Consumer laws that protect your rights
No matter what you are doing as it relates to credit and debt, there are some laws that are designed to protect you from liability with regard to mistakes made in reporting and electronic transactions, as well as laws that protect you from harassment from creditors. Here are some of the laws that offer you protection:
If any of your rights, under these laws, have been violated, make sure you contact the authorities. Make a note of the date and time of the violation, as well as who you were talking to. If you have any documentation, make sure that you save that to use as evidence. You should do your best to rectify the situation and to keep it from happening to others.
You have a number of rights related to credit, debt and electronic transactions. You are also protected from liability from charges you have not made, as well as the results of other people's mistakes. This can bring great peace of mind to many people. Make sure that you understand your rights, and be sure to report it to authorities if your rights are violated in any way.
Related Article: Fair Credit Reporting Act (FCRA) >>
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