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What law made illegal creditors to deny credit on the basis of marital status?

The Equal Credit Opportunity Act made it illegal for creditors to deny credit based on marital status. This law prohibits discrimination on the basis of marital status, among other factors, in the extension of credit.


Is it legal to use a child's name to obtain credit?

It is VERY illegal for you to apply for/obatin credit in someone else's name - even if they are your children - it's called identity theft.


When is it illegal for someone to do a background check on you?

In general, it is illegal for someone to do a background check on you without your knowledge, consent, or a legitimate reason, such as for employment or rental screening purposes. Additionally, the Fair Credit Reporting Act (FCRA) sets guidelines for when and how background checks can be conducted lawfully.


When was the Equal Opportunity Credit Act established?

The Equal Credit Opportunity Act was established in 1974. It prevents lenders from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.


How does the equal credit opportunity act guarantee fairness?

The Equal Credit Opportunity Act ensures fairness by prohibiting lenders from discriminating against applicants based on factors such as race, color, religion, national origin, sex, marital status, age, or receiving public assistance. This helps to provide all individuals with an equal opportunity to access credit and loans.

Related Questions

How do you transfer money from someone elses credit card?

You don't, because that would be illegal.


Is it illegal to use someone else's credit card?

Yes, it is illegal to use someone else's credit card without their permission. This is considered credit card fraud and is punishable by law.


Is it illegal to use someone else's credit card with their permission?

Yes, it is illegal to use someone else's credit card without their permission, even if they have given you consent to use it. This is considered credit card fraud and is punishable by law.


What law made illegal creditors to deny credit on the basis of marital status?

The Equal Credit Opportunity Act made it illegal for creditors to deny credit based on marital status. This law prohibits discrimination on the basis of marital status, among other factors, in the extension of credit.


Is it illegal to request someone elses credit report?

No. This is done all the time by creditors.


What happens when your under the age of 18 and you enter a credit contract?

In most countries it is illegal for someone under 18 to obtain credit or sign a legal contract. The contract would therefore be illegal and unenforceable.


Is it possible for me to transfer someone else's balance to my credit card?

No, it is not possible to transfer someone else's balance to your credit card without their permission. Transferring someone else's balance without authorization is considered fraud and is illegal.


How to pull someone else's credit report?

Unless you work for an attorney or someone who can legally pull other's reports, it is illegal and not easy to pull another persons credit report. You can't legally do so.


Where can I find free working credit cards from 2015?

It is illegal and unethical to use someone else's credit card information without their permission. It is important to always use your own credit card for transactions and to never attempt to obtain or use someone else's credit card information.


If someone has your personal information and pulls your credit report as you is it a crime?

Yes, unless you willingly and purposely gave them that information, that is a crime. It is called identity theft, because they have enough information to prove that they are you. Report this crime right away.


Is it legal to use a child's name to obtain credit?

It is VERY illegal for you to apply for/obatin credit in someone else's name - even if they are your children - it's called identity theft.


Why is downloading music for free illegal?

Because the people who own the song don't get money or credit for it.