Money Smart Week: Your Credit Score

Fair Credit Reporting Act LogoDo you know your credit score? This single number ranging from 300 to 850 (for FICO scores) can influence the interest rate on your mortgage, the price you pay for products or services, your ability to rent an apartment, and even your chances to get a job [1]. False or inaccurate information entered into your credit record can unfairly affect you. You have the right to know what’s in your credit report and how that information is being used.

The Fair Credit Reporting Act (FCRA), 15 USC § 1681, protects your right to an accurately maintained, transparent credit report. Under the FCRA, you have the right to a free, annual credit report as well as to dispute any inaccurate items and to know when an adverse decision affecting you has been made based upon your credit report [2].

Learn how the FCRA protects you during Money Smart Week at the Library. This one hour presentation will discuss obtaining and understanding your free credit report as well as how your credit report can (and can’t) be used in decisions that affect you.

Monday, 23 April 2018 – 5:00 PM – Headquarters Library – Meeting Room B

[1] http://www.businessinsider.com/how-your-credit-score-can-impact-your-life-2016-5

[2] https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-credit-reporting-act

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Posted by DanielD on April 12, 2018