Credit Opportunity Act
Equal Credit Opportunity Act (ECOA) ensures that all consumers are
given an equal chance to obtain
credit. This does not mean that all consumers who apply for credit
will receive it. Factors such as income, expenses, debt, and credit
history are considerations for credit.
law protects you when you deal with any creditor who regularly extends
credit. Including banks, small loan and finance companies, retail and
department stores, credit card companies, and credit
unions. Anyone involved in granting credit, such as real
estate brokers who arrange financing, is covered by law. Business’
also applying for credit are covered by this law.
House with bad credit
house with bad credit
Let Bad Credit Stop You