top of page

Consumer Law: How Does It Affect You & Your Biz?

David Shands & the Credit Hero Share The Truth


We're not going to hold you, but we've got some things to discuss.


There are certain aspects regarding financial health and literacy that they did not teach properly us in the US education system.


Financial literacy and understanding personal credit and, by extension, business credit are two major ones.


But have no fear, the Credit Hero is here.



Ok, that may have been a little cheesy, but it is a relief to have professionals who step up and educated themselves on a subject and then report it back to the community.


Blessing the Social Proof Podcast studio is, Daraine Delevante, known to the masses as the Credit Hero.


Daraine has a university which teaches people how to repair, rebuild and restore their credit using consumer law. Additionally, he has digital products for owners of credit repair businesses, teaching them how to increase their bottom line.


Ok, so we're about to get some good information.


This is the part where we invite you to stay here on the blog or you can go straight to the episode. Either way, this information will free somebody from consumer credit stress.

Picture of Daraine Delevante
"When you control what gets reported [on your consumer report], then you control your credit score." - Daraine Delevante

Table of Knowledge

Control YOUR consumer narrative!


Have you ever applied for something and been denied and you are not sure why?


Daraine shares that you may have accumulated negative marks on associated reports connected to your credit profile.


So, when you apply for different things, you will get denials.


Each time you co-sign for people or if you are a victim of identity theft, these marks pile up and they affect your credit.


There is another aspect you should consider. If your name appears in different variations, for example, if you use your middle name, middle initial or don't use it at all, this looks to creditors like you are getting different lines of credit under your name.


Therefore, they can't ascertain who you are and it results in a denial.


Pro-Tip: Make sure you pull your own credit report minimally three times a month. That is a soft pull because when you pulling it on your own. If a third-party pulls your credit, it is a hard pull.


Keep in mind, the consumer report is different from the factors of FICO.


Do you want to know what a consumer report is? Don't worry, the Credit Hero breaks it down by reading the definition and purpose of the consumer report from Congress. Click here to learn.




Let's take a step back. Before the podcast began, David told Daraine that he wanted to make sure that all the information he was sharing was not just loopholes that cause legal issues.



Once that was clear, they got back to the information.


Daraine can't stress the importance of knowing how the consumer report is different from your standard credit reporting.


Keep in mind although they are both viewed together when considering your credit health, they play their separate roles.


This knowledge is important because Daraine states when you understand the difference between the two entities and the associated laws with consumer rights, then you have the power to control the narrative of YOUR credit score.


At this point the conversation gets a tad complex, so to make sure there is no confusion or misconstruing of any points, I will defer to Daraine to tell you all that you need to know to take control of your credit and future.


Let us know in the comments how this information has helped you. We'll see you in the next upload!





21 views0 comments
bottom of page