Credit Protection for Active Duty Servicemembers and Combat Zones
This act introduces new credit report protections for active duty servicemembers, especially those deployed in combat zones or aboard U.S. vessels. It aims to prevent negative credit entries that might arise due to challenging service conditions, ensuring their financial stability upon return.
Key points
Prohibits including negative credit information if the event occurred while a servicemember was on extended active duty in a combat zone or on a U.S. vessel.
Allows servicemembers to remove negative entries from their credit report by providing proof of service in challenging conditions.
Credit agencies must notify servicemembers of adverse information received and use their provided contact details for communications.
Expired
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