Credit Report Problems

Credit Report Problems

The Fair Credit Reporting Act in Iowa

Iowa has enacted the use of Credit Information – Personal Insurance laws (515.103).  This law provides that an insurer in Iowa may not Use an insurance score that is calculated using income, gender, address, zip code, ethnic group, religion, marital status, race, or nationality of a consumer as a factor.  Also may not deny issuance, cancel, or refuse to renew a policy of personal insurance solely on the basis of credit information, without consideration of any other applicable underwriting factors independent of credit information.  Also they may not base a consumer's renewal rates for personal insurance solely on the basis of credit information, without consideration of any other applicable underwriting factors independent of credit information.

Iowa’s consumer protection statute also has a portion pertaining to the rights of consumers to place security freezes on their credit reports and remove the security freezes when needed.

Contact SmithMarco, P.C., Today

If you have an error or inaccurate information on your credit report, there are actions that you can take. Contact SmithMarco, P.C., today for a completely free case review.