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) 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 report? A. The easiest way is… (Read more)


Should I look at my credit reports before I start looking for a house?

Yes, you do need to look at your credit reports before you start seriously looking for a house.  Credit report errors will either prevent you from buying a house or will make you pay more for your mortgage loan (interest rate, points, etc) so you need to use good practices and the Fair Credit Reporting Act (FCRA) to make your reports accurate.  Here is a summary of why you need to look at your reports sooner than later in the… (Read more)


What damages can I get when I sue under the FCRA for false credit reporting?

When you have a company (or companies) violate the Fair Credit Reporting Act (FCRA), you can get money damages but there are some twists and turns to it. Let’s talk about the following: Basic timeline of when you can file an FCRA case . . . the oddities of this law make it counter-intuitive Compensatory (actual) damages . . . to make up for your loss Punitive damages . . . to punish companies for breaking this law Statutory damages… (Read more)


Can you sue your mortgage company for a defective default letter AFTER a foreclosure?

You were foreclosed on by your mortgage company.  And you are likely still feeling the effects of this — maybe you have been sued for ejectment, there is a deficiency balance allegedly owed, you had to uproot your family to move, etc. It may seem as if all hope is gone — your mortgage company got away with this. But there may yet be hope…. In a very surprising development, the law in Alabama has actually improved for consumers.  Very… (Read more)


What is a furnisher of information to my credit report?

“What is a furnisher of information to my credit report?” You’re looking at your credit reports, and you realize that there’s some false information on there. So you do some research, and you find out about the FCRA (Fair Credit Reporting Act). While you’re looking at the FCRA, you learn about the credit bureaus and agencies, like Equifax, Experian, TransUnion, etc. They collect all this information and put it into a report. Then you read about this person that’s called… (Read more)


Why checking your credit reports before and after a foreclosure is vital

Why checking your credit reports before and after a foreclosure is vital A large part of our practice at Watts & Herring is helping people who are facing foreclosure in the state of Alabama. In addition, we help consumers with credit reporting errors. Are these two practice areas completely separate, or do they merge together from time to time? Sometimes they merge. This is why we recommend checking your credit reports whether you’re facing a foreclosure, or you’ve just gone… (Read more)