How much do you know about your rights as a consumer? Unfortunately, most people don’t know enough to protect themselves.
In Consolidated Credit’s upcoming March webinar, you will learn about your consumer rights and how to use them.
All Americans know they have some basic constitutional rights like free speech and freedom of religion. Did you know there are laws guaranteeing your consumer rights? Consumer rights can keep you from getting ripped off and save you thousands of dollars. But first, you have to know what those rights are. We’ll show you in just a few minutes. Tune in for our consumer rights webinar. It’s free! Sign up now.
There are 8 main consumer rights, as outlined in this infographic:
The law is on your side
In addition to your rights, you will learn about the laws and organizations meant to protect consumers.
Consumer Financial Protection Bureau (CFPB)
“Congress has authorized the CFPB to take legal action against companies and people that violate federal consumer financial law.”
– CFPB website
If a company violates financial laws and you’re the victim, the CFPB can help. Report your complaint through the CFPB’s website. Then, they may be able to help you get back some of the money you lost on a scam.
Telephone Consumer Protection Act (TCPA)
Truth in Lending Act (TILA)
This law mandates lenders to use plain, standardized language on their contracts. No more sifting through ultra-confusing, jargon-filled paragraphs to try to figure out how your new loan will affect you. Although we still suggest reading carefully, the TILA makes it much easier.
Credit Repair Organizations Act (CROA)
Unfortunately, there are many predatory credit repair organizations out there. This act takes aim at these predators. According to the law, credit repair businesses can’t charge you upfront and they must give you three days to cancel the contract.
Do you need help with debt and want to avoid getting scammed? The information in this webinar will help you protect yourself, and talking with a certified credit counselor can help even more. Talk to a counselor at Consolidated Credit to get a free debt and budget analysis.