Supreme Court Sides With Companies on Credit Reporting
#1
Posted 04 June 2007 - 07:59 PM
snip<WASHINGTON — The Supreme Court on Monday scaled back a standard that would have made it easier for consumers to win lawsuits against companies for violating the Fair Credit Reporting Act. >snip
#2
Posted 04 June 2007 - 08:45 PM
Usually, when the supreme court makes a unanimous decision that cuts across political lines the law is fairly clear....or the court intends to make it fairly clear. The notification rule was also very lopsidded. My wife and I actually pay our bills on time and never pay interest charges to credit card companies and don't have an unlimited supply of sympathy for those who borrow their way into debt they cannot pay back. If a person wants to borrow money and their credit stinks, they should learn in high school or at home they will be charged a premium for being high risk. That there are a lot of reasons to pay your debts and keep your credit rating good.
~ Johann Wolfgang Von Goethe ~
#3
Posted 04 June 2007 - 10:47 PM
"The court's ruling on the liability question was unanimous" and "The justices said Geico General Insurance Co. did not violate the Fair Credit Reporting Act and that Safeco Insurance Co. of America might have, but did not do so recklessly."
Usually, when the supreme court makes a unanimous decision that cuts across political lines the law is fairly clear....or the court intends to make it fairly clear. The notification rule was also very lopsidded. My wife and I actually pay our bills on time and never pay interest charges to credit card companies and don't have an unlimited supply of sympathy for those who borrow their way into debt they cannot pay back. If a person wants to borrow money and their credit stinks, they should learn in high school or at home they will be charged a premium for being high risk. That there are a lot of reasons to pay your debts and keep your credit rating good.
Agree totally SB!!!!!!
#4
Posted 05 June 2007 - 10:50 AM
My wife and I actually pay our bills on time and never pay interest charges to credit card companies and don't have an unlimited supply of sympathy for those who borrow their way into debt they cannot pay back. If a person wants to borrow money and their credit stinks, they should learn in high school or at home they will be charged a premium for being high risk. That there are a lot of reasons to pay your debts and keep your credit rating good.
sometimes it aint so easy....there's a lot of fraud out there and i don't mean by consumers.