How does the FCRA help me stop an Alabama foreclosure?

When you’re facing foreclosure in Alabama, you need to look at all of your options.

How does the FCRA help me stop an Alabama foreclosure?This includes all of the various laws that can help you.

In this article, we’re going to talk about the FCRA, or Fair Credit Reporting Act.

We also talk about the FDCPA (Fair Debt Collection Practices Act), RESPA (Real Estate Settlement Procedures Act), Alabama State Law, etc. in other articles.

It’s crucial to look at everything that can help you stop your Alabama foreclosure from happening.

Let’s talk about the FCRA and your credit reports and how this helps stop an Alabama foreclosure.

We want to look at our credit reports and see if anything is inaccurate, or if there’s any false information that the credit bureaus or the furnisher (your mortgage company) have on your report.

Here are some examples:

  • Reporting a false balance
  • Reporting you as being late when you were not late
  • Showing you in “foreclosure” before the actual foreclosure sale has happened

When mortgage companies misapply payments, wrongfully reject payments, calculate the balances wrong, etc. then this naturally leads to false credit reporting.

If there is anything false, then that may give us some leverage to stop the foreclosure by suing your mortgage company under the FCRA.

This way, we’re suing to fix our credit reports and get monetary damages.

In addition to the other laws, this can make your mortgage company think about what they’re doing.

It’ll make them think, “OK, you know what, we’ll stop the foreclosure. Obviously, we’ve falsely reported on this person’s credit among other things.  Let’s not make this worse than it already is.”

The FCRA alone may not be enough (on its own) to stop an Alabama foreclosure.

Every case is unique.

When we’re talking about using the FCRA to stop an Alabama foreclosure, we’re talking about building a case brick by brick that will stop the foreclosure.

Use all the tools available to you and use them in the right order.  Sequence or order matters:

The dog bit Billy.

Billy bit the dog.

Same words — slightly different order — totally different meaning, right?  🙂

Same thing when we are talking about using the FDCPA or RESPA or Alabama State Law or the FCRA — the sequence can make a big difference in your success or failure.

If you have any questions about your credit reports or a foreclosure, and you live in Alabama, feel free to get in touch with us.

You can reach us by phone at 1-205-879-2447, or if you prefer you can fill out a contact form and we will get in touch with you quickly.

We look forward to chatting with you.

Thanks for reading, and have a great day!

-John G. Watts

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