Introduction

• Author: Daniel A Edelman
• Profession: Lawyer
• Pages: 7-7

vii

Introduction

The vast majority of Americans obtain credit

at some point in their lives. Over 75 percent of

Americans have at least one credit card. Credit

also includes home mortgages, car loans, and

student loans.

This book tells you about your basic rights with

respect to obtaining and protecting your credit. It

describes your rights under federal law and under

common types of state laws. Federal law gives you

extensive rights with respect to credit transactions,

and all states have at least some laws on the sub-

ject as well. It also alerts you to common pitfalls

in obtaining and using credit. It provides informa-

tion about credit disclosures; negotiating common

types of credit transactions; rights with respect to

credit cards, debit cards, and other common trans-

actions; debt-collection rights; rights with respect

to credit reports; and identity theft.

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