March 3 to 9 is National Consumer Protection Week, which provides an opportunity for individuals to understand their consumer rights and make well-informed decisions about money. These tips can help you better understand your rights and responsibilities as a consumer.
- Consumers can file a complaint if they have had an issue with their bank
or a problem with a financial product or service such as a student loan, a mortgage, payday loan, credit report, or debt collection. - Consumers may unknowingly have been a victim of cybercrime and need to take steps to protect themselves against identity theft.
- Consumers have the right to receive a free copy of their credit report annually from each of the three major credit reporting companies. It is important to review your credit report regularly to ensure the accuracy of the information. Errors on your credit report can be costly since they may negatively affect your credit score.