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)
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)
Adjudication on the merits means debt collector who sued you cannot credit report on you or continue to collect against you!
So you have been sued by a debt collector (or even an original creditor). You get the case dismissed with prejudice and then the collector (or creditor) is still collecting against you. Is this legal or illegal? What in the world does the expression “adjudication on the merits” mean for you (hint: its a good thing!). Possibilities when you are sued by a collector in a collection lawsuit Judgment for plaintiff (the one who sued you) Judgment for defendant (you… (Read more)
After you answer a debt collection lawsuit what should your credit report show? Once you’ve been sued by a debt buyer such as Midland Funding, Portfolio Recovery, or LVNV, and you’ve filed an answer, what should your credit report show? It’s excellent that you’ve answered the lawsuit. Most people fail to respond, which can be detrimental to you. So what should the credit report show about this debt buyer? There are a few important things to look for when reviewing… (Read more)
What happens with your credit report after you win your collection trial? When you are in court and you win, what happens with your credit report after the trial? You want the debt removed from your report, but how does this happen? Do you ask the judge? Does this happen automatically? In this post, we’ll discuss how to wrap things up after you win. You’ve won your court case. What happens with your credit report now? The judge does not… (Read more)
Alabama foreclosure: What you should look for in your credit reports to help stop the foreclosure You’re facing a foreclosure in Alabama. What should you look for in your credit reports to help you stop the foreclosure? These suggestions are specific to Alabama. Your state may be similar, but you will want to check on your state’s laws. Does your credit report show that you are in foreclosure? This is very common on credit reports. As you approach a foreclosure… (Read more)
What happens with credit reporting after you win your collection trial? When you are in court and you win, what happens with your credit reporting after the trial? You want the debt removed from your report, but how does this happen? Do you ask the judge? Does this happen automatically? In this post, we’ll discuss how to wrap things up after you win. You go to court and you win your case. What happens now? The judge does not control your… (Read more)