Equal Credit Opportunity Policy


The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Protection Act. The federal agency that administers compliance with the law concerning this law is the Federal Trade Commission, Equal Credit Opportunity, Washington DC 20580.

Doing Business As

  • First Preferred Credit, Inc. in Connecticut, Maryland and New Jersey
  • First Preferred Credit in Massachusetts
  • First Preferred Credit of Minnesota in Rhode Island*
  • First Preferred Credit Minnesota Inc. in Wisconsin 

Preferred Credit, Inc. and respective DBAs are licensed lenders in required states. *First Preferred Credit of Minnesota is a Rhode Island Licensed Small Loan Lender.