True or False: When creditors evaluate your income, they can't legally refuse to consider income from public assistance in the same manner as other income.
2007-05-23 14:38:30 · 4 answers · asked by TIM 2 in Business & Finance ➔ Credit
If you are on public assistance, why in the world are you seeking credit?
2007-05-23 15:04:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The fact you receive public assistance tells them more than the actual numbers.
2007-05-23 15:07:19 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
True, according to the US Federal Trade Commission. Check out the link...
http://www.ftc.gov/bcp/conline/pubs/credit/ecoa.shtm
2007-05-23 14:42:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
True - But telling them about the assistance tells them a lot more. You do not have to list it unless you want it counted.
2007-05-23 14:42:31 · answer #4 · answered by SPATTMAN 3 · 0⤊ 0⤋