Credit discrimination is unfortunately a part of our modern society, every day people are denied credit due to their sex, age, race, or physical capabilities. This kind of prejudice is harmful towards the victim in that it does not allow them to fully prosper as an individual.
With more avenues of credit available one can have a difficult time buying a home, paying for education, or buying a car. If you feel you have been the victim of unfair credit discrimination, speak with us immediately.
It is important to know what action to take if you are treated unfairly by creditors. The value of credit has become increasingly important; it is used as an estimate of how "trustworthy" you are in paying back your debts. While, some may argue it is an unreliable system, it is nonetheless what is used to judge your credibility regarding housing, employment, and more.
One would benefit from understanding the laws regarding your credit rights.
Discrimination regarding the granting of credit has led to federal legislation which aims to ensure all credit applicants have an opportunity to receive credit. Credit involving home mortgages had become increasingly difficult for women to obtain. In addition, creditors would seldom issue credit in the name of the woman if she were married.
The Federal Equal Credit Opportunity Act prohibits vendors from withholding credit based on the race, sex, religion, or marital status.
If you feel you have been denied equal opportunity to credit, you may be able to take action against the creditors. Joseph J. Mancuso is a skilled debt relief attorney whose background would benefit anyone interested in pursuing unfair credit discrimination charges. Our firm is waiting to help you better understand your situation regarding credit discrimination.
Contact our firm today if you feel you have been the victim of unfair credit treatment.