Credit Report Errors

If the companies won’t fix your credit reports, you have the option to sue under federal law to persuade the appropriate companies to fix your credit reports and compensate you.

60 Minutes Report Reveals The Broken Credit Report System In America

60 Minutes Report Reveals The Broken Credit Report System In America 60 Minutes had an excellent expose of the credit reporting industry and how Equifax, Experian, and TransUnion are not concerned with fixing credit report errors. The journalist on the story was Steve Kroft who really captured the frustration felt by so many consumers who cannot get the attention of the credit bureaus to fix a credit report with errors. 40 million Americans have errors — there are about 200… (Read more)


FAQ About Fair Credit Reporting Act (FCRA)

FAQ About Fair Credit Reporting Act (FCRA) Your credit report should be accurate Q. What is a credit report? A. A “credit report” is a document that normally contains your personal information (name, date of birth, social security number, address, etc) and information about your credit history such as the credit cards you have, the mortgages you have, and whether you have ever been late or been sent to collection. Q. How do I get a copy of my credit… (Read more)


How do I make sure my credit reports are correct after settling with an Original Creditor?

“How do I make sure my credit reports are correct after settling with an Original Creditor?” Let’s say that you were sued for $5,000, and you agree to pay $3,000 to settle the case. Then, after you pay the money and the case is settled with prejudice, you check your credit reports and see that you owe $5,000. What?!?! That simply isn’t true, because you settled with the original creditor.  You owe nothing so your credit report should say “zero… (Read more)


Is a verbal dispute to the credit bureaus good enough to fix false credit reporting?

Is a verbal dispute to the credit bureaus good enough to fix false credit reporting? I’d like to chat with you about whether or not it’s a good enough to just call Experian, TransUnion, Equifax, etc. when you’re dealing with false credit reporting. My answer is a big, “Maybe.” It might fix your credit reports. I’m skeptical of how well it works. You can call them and make detailed notes on that call, or maybe even record the call. But… (Read more)


What should you do right now about the Equifax data breach?

Equifax let your private information be stolen. What should you do now? You know over 140 million Americans had their private information stolen from Equifax.  It is horrible that Equifax allowed this to occur.  You have no choice but for Equifax to have your private information.  And they did a lousy job of protecting it and then held that critical information from you for at least 6 weeks. (If you want to know more about this data breach, you can… (Read more)


What is a removal of my case from state court to federal court?

What is a removal of my case from state court to federal court? This is where a state case is moved (“removed”) to federal court. So the case literally started in state court and now is transferred to federal court.  That’s basically what this means. This is the right of a defendant who is sued in state court if one of two things has happened. The first situation is when there’s a federal claim involved. Let’s say you sue an… (Read more)


How we help mortgage professionals fix their clients’ credit report errors

You have clients with credit report errors — what are your options for fixing these errors? We help mortgage professionals who have clients with credit reporting errors As a mortgage professional (broker or banker), it is incredibly frustrating for you to attract a client to your business, spend time with that client, and then not be able to give them the loan they need because some company has wrongfully put errors on their credit reports. This may be a debt… (Read more)