Chevrolet Cars Navigation

Chevrolet Cars

Below, you'll find extensive information on leading Chevrolet Cars articles and products to help you on your way to success.

Equal Credit Opportunity � What Can Creditors Do?
By lar
The Equal Credit Opportunity Act (ECOA) ensures that all consumers are given an equal chance to obtain credit. This doesn�t mean all consumers who apply for credit get it: Factors such as income, expenses, debt, and credit history are considerations for creditworthiness.

The 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 the law. Businesses applying for credit also are protected by the law.

When You Apply For Credit, A Creditor May Not...

�Discourage you from applying because of your sex, marital status, age, race, national origin, or because you receive public assistance income.

�Ask you to reveal your sex, race, national origin, or religion. A creditor may ask you to voluntarily disclose this information (except for religion) if you�re applying for a real estate loan. This information helps federal agencies enforce anti-discrimination laws. You may be asked about your residence or immigration status.

�Ask if you�re widowed or divorced. When permitted to ask marital status, a creditor may only use the terms: married, unmarried, or separated.

�Ask about your marital status if you�re applying for a separate, unsecured account. A creditor may ask you to provide this information if you live in "community property" states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, and Washington. A creditor in any state may ask for this information if you apply for a joint account or one secured by property.

�Request information about your spouse, except when your spouse is applying with you; your spouse will be allowed to use the account; you are relying on your spouse�s income or on alimony or child support income from a former spouse; or if you reside in a community property state.

�Inquire about your plans for having or raising children.

�Ask if you receive alimony, child support, or separate maintenance payments, unless you�re first told that you don�t have to provide this information

Our objective is to provide information you need about Chevrolet Cars so you can get on the road to taking action right away. The icoolauto.com web site provides a ton of information about Chevrolet Cars. In addition, you will find extensive information on leading Chevrolet Cars to help you on your way to success.

Please have a look at our Chevrolet Cars articles, products, resources, and additional information located throughout icoolauto.com.

We strive to provide only quality articles, so if there is a specific topic related to Car that you would like us to cover, please contact us at any time.

And again, thank you to those contributing daily to our Chevrolet Cars web site.