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)
“What is a motion to enforce a settlement agreement?”
A motion to enforce a settlement agreement is where we are asking a court to enforce the terms of a settlement — to make the defendant do what the defendant promised when it settled.
A case gets settled and sometimes we don’t have the settlement agreement already finalized. Or we do and the company we have sued wants to add terms and conditions that we never agreed to.
The most common… (Read more)
“Does the debt buyer own the debt that they credit report?”
If you’ve been sued by a debt buyer, or collector, such as Asset Acceptance, Cascade Capital, Midland Funding, LVNV, Velocity, or any other company like this, you may have several questions that come to mind.
One question may be, “If the debt buyer is reporting this debt on my credit report, does that prove that they own it?”
Absolutely not.
It just proves that the debt buyer reported on… (Read more)
Lawsuit against Equifax and Kay Jewelers saying you are dead
We have filed many federal court lawsuits against credit reporting agencies (Equifax, Experian, TransUnion, etc) for false credit reporting under the FCRA (Fair Credit Reporting Act).
This one (and similar ones we have filed) is one of the most unusual as Equifax and Kay Jewelers (Sterling Jeweler) said our client was dead when he was actually alive.
Seems pretty simple to solve, right?
Apparently, this is too complicated for these… (Read more)
“Can I use the FDCPA if a debt collector is falsely reporting on me?”
You may be dealing with a debt collector who puts false information on your credit report, and one question that you may have is, “Can I use the FDCPA to stop this?”
The answer is yes, you can use the FDCPA.
You can definitely use this law (Fair Debt Collection Practices Act) to help you.
When a debt collector is falsely reporting on you, there are… (Read more)
“What is a merged file, and how does this differ from identity theft?”
You may have figured out that there’s false information on your credit report, and wondered if you’re dealing with identity theft. You may actually be dealing with a mixed/merged file.
A merged file, also know as a mixed file, is where your credit report gets mixed with someone else’s report.
Imagine that your report is in an envelope and someone else’s report is in another envelope.
Both… (Read more)