Consumers need fair terms for credit. Did you know it takes more than 40 years to pay off a $5,000 credit card balance at the minimum payment? Unfair lending practices trick consumers into high cost loans, and can even lead to foreclosure. Credit reports and credit scores affect the prices consumers pay for credit, and also can affect employment and insurance.
Following are news releases, letters to legislators, and other documents Consumers Union has issued on this issue.
