Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about Equal Credit Opportunity Act: | |||||||||||||||||||||||
Credit Reports and Credit Scores
November 24, 2004 What Is a Credit Report? A credit report is a report from a credit bureau containing detailed information bearing on credit-worthiness, including the individual's credit history. A typical credit report includes the following: Personal information. ... more... Are Authorized Users at Risk? January 6, 2003, revised April 23, 2003 "In applying for a mortgage recently, I found that the interest rate quoted was for someone with poor credit, which surprised me. I have never missed a payment on a mortgage, credit card or other debt in my life. My credit report, however, shows ... more... |
|||||||||||||||||||||||
Equal Credit Opportunity Act related definitions |
|||||||||||||||||||||||
Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more... Credit Score Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more... |
|||||||||||||||||||||||
More about Equal Credit Opportunity Act Understanding Your Rights Under The Equal Credit Opportunity Act All Is Fair In Love, War, and, Your Credit Report - At Least It Should Be! Understanding the FCRA Second Mortgage a Good First Step 7 Consumer Credit Laws You Should Know if You are Trying to Repair Your Credit Insurance Credit Scoring: An Ethical Issue Utah Mortgage Broker Credit Scores and Loan Applications Mortgage Glossary - A Glossary of Mortgage Terms You Should Know Home Equity Loan Improvements RESPA: The Real Estate Settlement Procedures Act
|
|
||||||||||||||||||||||
|