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)
“Why Must The Debt Collector Take Debt Off My Credit Report After I Win The Collection Case?”
Hundreds of collection lawsuits are filed by debt collectors (debt buyers) such as LVNV, Midland, Portfolio, etc. but most (if not all) are filed without any proof so it is common for folks to win their collection case.
I assume this happened with your collection case since you are reading this. Two important points before we get into the details:
First, congrats! You… (Read more)
“What is the FCRA (Fair Credit Reporting Act)?”
If you have done any research on fixing credit reporting problems, then you will have heard of the law called the FCRA (Fair Credit Reporting Act) which protects you from false credit reporting.
It governs credit reporting agencies (Equifax, Experian, and Transunion).
The FCRA controls “furnishers” which are those companies that actually provide (or furnish) information to the credit reporting agencies. These include companies such as:
Capital One
Chase
Discover
LVNV Funding… (Read more)
“How do I stop Asset Acceptance from computer calling me on my cell phone after I beat them at trial?”
We had a question from a website visitor about Asset Acceptance, a debt buyer (debt collector), who sued the consumer and lost. But it is still calling the consumer’s cell phone, spouse’s cell phone, and even the consumer’s child’s cell phone.
To show it has no concern for the rights of the consumer, Asset Acceptance is credit reporting the account… (Read more)
We often talk about credit reports and it seems like a good idea to do.
Someday.
Here’s why you should do it NOW.
You simply have no idea what is on your credit reports (good or bad) until you look at them.
Sometimes folks say “My reports are terrible so I don’t want to look at them.” I don’t know — maybe or maybe not. You need to look at them.
Other times, folks say “My reports are so awesome… (Read more)
Four Steps To Fixing Identity Theft Credit Report Errors
For most of us, the crime that is most likely to be committed against us is ID theft.
Most of us will not be robbed, assaulted, etc. but ID theft is a greatly increasing crime.
So if you are a victim of ID theft, how do you fix your credit report errors?
There are 4 simple steps that will fix this virtually every single time:
Fill out an ID theft affidavit… (Read more)