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Free credit reports • mortgage fraud • insurance & financial planning links • BBB Links
Your Access to Free Credit Reports
The Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies - Equifax, Experian, and TransUnion - to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files of the nation's consumer reporting companies. The Federal Trade Commission (FTC), the nation's consumer protection agency, enforces the FCRA with respect to consumer reporting companies.
A credit report includes information on where you live, how you pay your bills, and whether you've been sued, arrested, or filed for bankruptcy. Nationwide consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home.
Here are the details about your rights under the FCRA and the Fair and Accurate Credit Transactions (FACT) Act, which established the free annual credit report program. (excerpt from the Federal Trade Commission website) |
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Mortgage Fraud! Before You sign, sign on!
Colorado has one of the highest rates of mortgage fraud in the nation. Your home is the biggest and potentially most secure asset you will ever have. Unfortunately, the risks of loosing that investment can be just as huge. Below are some links and resources to help protect you from the unscrupulous people out there waiting for you. Keep a few simple tips in mind before you sign or pay anything:
- If it sounds to good to be true - it usually is!
- Check out anyone you are preparing to hire as a realtor or mortgage broker.
- There are fees attached to any transactions, know them, understand them and realize the difference between standard costs and hidden fees.
- Don't ever be afraid or intimidated by the process - ASK QUESTIONS!
Colorado Mortgage Lenders Association - check them out first!
Colorado Association of Mortgage Brokers (CAMB) is a non-profit trade association that represents the independent real estate financing professional specializing in the origination of residential and/or commercial mortgages.
The Denver Post News - Colorado Mortgage Center - This is a well constructed page to help compare mortgage programs, companies and rates. Mortgage calculators, articles and Q & A pages. There is advertising on this page, so stay alert!
Check it out First!!! The Better Business Bureau (BBB):
Financial Planning & Insurance
In these uncertain times, a financial plan is the smartest way to keep your goals and day-to-day personal budget focused on the future. As a society, we are living longer, and unfortunately, when setbacks occur, they are more expensive and have the potential for catostrophic damage to your personal assests. Just as a good family emergency plan is necessary, so is a financial plan. Regardless of your income, it is essential to protect what you have and to help it grow for your family's future. The links and resources below can help you get started:
10 Questions to Ask When Choosing a Financial Planner - The information in this brochure is provided as a public service by Certified Financial Planner Board of Standards Inc. (CFP Board). A nonprofit, professional regulatory organization, CFP Board fosters professional standards in personal financial planning so that the public values, has access to and benefits from competent and ethical financial planning.
National Financial Planning Support Center - The Financial Planning Association (FPA) has a "wealth" of resources to help sort out investments and planning, great articles and Q&A's from Financial professionals.
National Association of Insurance and Financial Advisors - Articles about investing, planning and security.
Colorado Division of Insurance website - read articles and laws, find licensed professionals, see and register complaints, and compare rates and more. An excellent, unbiased resource.
Free credit reports • mortgage fraud • insurance & financial planning links • BBB Links
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