Credit Repair Laws: How do They Protect You?

Credit repair is one of the fastest-growing industries today. No surprises there. With more than 200 million active accounts being handled by each of the three credit reporting agencies, there are bound to be millions of credit accounts that need to be repaired. Make no mistake. The credit repair industry is a legitimate business with laws protecting both the consumer and the vendor.

But, like in any line of business, there are some individuals and companies that are out to take advantage of the desperate and the trusting. So here is how these laws protect the consumers and the industry as a whole.

The Fair Credit Reporting Act (FCRA)

This law laid down the process of credit repair. This is where organized credit reporting came from since an individual needs the reports to apply for credit. Here are some of the rights provided by the FCRA:

  • It restricts who can view a person’s credit report, which is very important for security. In most cases, you would need to approve a company before they can view your report.
  • It sets limits on what can be stated in the report. It sets the parameters on what should be listed and how long it’s going to stay there.
  • It guarantees the accuracy of a report. If any part of the report is not accurate, then the person to whom the report belongs to can file a dispute without any charge.
  • It outlines the steps to be taken when there are potential identity theft attempts.

The Credit Repair Organizations Act (CROA)

This law regulates the credit repair industry by allowing you the right to hire a third party to file disputes on incorrect items on your behalf. This law defines a credit repair organization as an individual or company that sells services maintaining the accuracy of the items in a credit report.

This law prohibits certain acts that might take advantage of the consumer.

  • Credit repair companies will not be able to alter your identity or advise you to do the same in an attempt to hide negative items on your report.
  • They can’t make incorrect statements regarding credit reports, like the results of disputes will be out in a week, or how their service can improve your credit score.
  • They are prohibited from making incorrect accounts of what services they provide.
  • They are not allowed to engage in acts that would otherwise be a fraud in other laws.
  • They must perform all the services required before they can receive payment.

Under this law, credit repair companies are also required to disclose what their company does and how much the services cost. The disclosure is required before they submit a contract for signing.

Even with these and other laws that protect consumers, there are still organizations out there that are providing illegal services through unlawful processes. Fortunately, legitimate companies like Blue Water Credit far outnumber them. For reliable and quick credit repair service, call our highly-trained analysts at (916) 315-9190 or visit our website at https://bluewatercredit.com for a consultation.

 

Working with the Grid: How Solar Energy Benefits Homeowners

For the past 10 or so years, solar energy has seen an unprecedented improvement in the level of technology. Solar innovations have led to the point that solar panels, once all but inaccessible to the ordinary homeowner, have become so affordable that just about any American can get it installed into their houses. But even with the meteoric rise in popularity, there are still some things that many people don’t know about solar power generation.

Solar panels are made from arrays of photovoltaic cells. These cells get their power from any kind of light. However, their most constant and most powerful source is the sun, which drives the photovoltaic effect. The effect was discovered in 1839 by French physicist Edmond Becquerel. The effect can be described as the ability of certain materials (mostly semiconductors) to generate electricity when exposed to light. 

An extremely simplified step by step process of solar energy generation is as follows:

  • Photovoltaic cells made of silicon semiconductors absorb radiant energy from the sun.
  • Solar output induces movement from electrons, generating an electric current.
  • Wiring captures the direct current, combines it with current from other cells, and feeds it to an inverter, generating an alternating current output.

Every home that is connected to the electricity grid has a utility meter. This device is used to measure the grid of electricity consumed by every household. When a homeowner installs a solar energy system, the output from the installation is also connected to the meter, which also has the ability to measure the amount of electricity produced by the solar panels. 

There is a system that many homeowners in California have access to called net energy metering. Under this system, any excess production from your solar panels will go into the grid to be accessed by other consumers. In return, you get credits on your electricity bill equivalent to the amount of energy supplied by your system and consumed by other homeowners. You can then use your credits to purchase electricity when it is less expensive, like in the evening when demand and price are down. Using the NEM system, net surplus solar energy producers can save hundreds of dollars on their electricity bills by using less grid electricity and selling excess energy.

There is also the fact that savings will be compounded over time. The average solar installation can last up to 25 years with only a 20% drop inefficiency. Since electricity costs will only go up, the return on your investment on solar panels will only increase as the years go on. This could amount to tens of thousands of dollars over the installation’s lifetime. Plus, you can recoup up to 90% of the cost of the installation when you decide to sell your house.

Get the best deals on your solar module system by contacting Soleeva solar roofs. We are a Bay Area solar company that also services San Jose and adjacent areas. Check out our offers at https://www.soleeva.com and schedule a consultation.

Protect Your Home from Extreme Weather with Newton Roofing Services from Watertite

Everyone knows how important a roof is for a house, which is why Newton roofing services from Watertite is one that is very much in demand, especially with the climate in this area of Massachusetts. When the weather condition is extreme, it can do a lot of damage to roofing systems all over the city. And when that happens, you will want repairs done at once.

When damages are left without immediate action, it can result in a bigger and more complicated mess. This is why you will need Newton roofing services from Watertite to help you out as soon as possible.

Extreme Weather’s Effect on Roofs

Newton is one of the rainiest places in Massachusetts, with May being its rainiest month, having approximately 12 days of rain. Its annual average is 48 inches of rain, wherein the US average is only 38. This shows how extreme the rainy season can be in Newton. Moreover, Newton gets an average of 50 inches of snow per year, which is so much more than the 28 inches average in the whole of the US.

With this kind of climate, how are roofing systems affected?

Effects of Weather on Roofs

  1. Strong winds can damage roofs by loosening roof tiles and shingles. They can fall to the ground with continuous winds and can cause leaks and other dangers to your home. Fast-moving and strong winds can also destroy the wooden roofing frame.
  2. Heavy rain can cause damage to roofs, especially when it is not in the best condition. If there are already vulnerabilities in your roof, rain can cause water to leak into your roofing structure and, eventually, into your home.
  3. Snow, when not removed from the roof can damage it since it makes ice dams at the gutters. These ice dams block melting snow from passing, which then causes leaks.
  4. When it comes to heat, extremes can cause significant damage to roofs by making them age faster. Your roof’s lifetime will be cut short since too much heat causes tiles or shingles to curl up and tear.

Roofs are your house’s first line of defense against the outside elements. This means it receives the brunt of Mother Nature. So, you should protect it and keep it durable for as long as you can.

Now, with extreme weather like hurricanes and snowstorms, there can be significant damage to your roof. Even without such weather, damage can still happen gradually, and they can even go unnoticed. Because of this, you should know how to identify any kind of problem that your roof may have.

If you don’t have any idea how to do this, you need the professional help of Newton roofing services from Watertite. With regular inspection, damages can be easily identified and repaired, which can cause major problems if left alone.

Whether you experience extremes in weather conditions or not, let Watertite give you the peace of mind of having a strong and durable roof over your head. Visit Watertite today to know which of the services you need.