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)
It is a fact of life that if a judgment is entered against you then you will have that judgment show up on your credit report. But what if the judgment was a mistake? Well, it is not enough for you to say it is a mistake. The judge has to set aside the judgment. But you get him to set aside the judgment. Now it will be off of your credit report, right? Well, it should be but often… (Read more)
Getting a judgment is one the grave dangers of a collection lawsuit. But what do you do if there was a judgment entered by mistake and you get the court to “vacate” or “undo” the judgment? And then the judgment — that no longer exists — still reports on your credit report? You dispute it under the FCRA (Fair Credit Reporting Act) and explain to Trans Union the judgment was vacated and give them the proof. But what if they… (Read more)
FCRA lawsuit against Bank of America for false credit reporting The FCRA (Fair Credit Reporting Act) prohibits false credit reporting of any type. We recently filed a case against Bank of America, Experian, and TransUnion (two of the major credit reporting agencies). You can read the facts below that were alleged in Federal Court but here is a summary. Our client was foreclosed on by Bank of America and there was no further debt owed. Several years after the foreclosure… (Read more)
FCRA Lawsuit against Discover Bank, Equifax, Experian, and TransUnion related to a collection lawsuit We know that often times our readers like to read about actual lawsuits that are filed so we will be posting more of these in the future. This lawsuit is a FCRA (Fair Credit Reporting Act) against the following companies: Discover Bank Equifax Experian TransUnion All of this arises out of a collection lawsuit filed by Discover against our client that he won. After he won… (Read more)
“Can I hold a debt collector responsible for putting false information on my credit report especially when it lowers my credit score?” Having false information on your credit report is very frustrating. Especially when it is from a debt collector who has damaged your credit reports and scores. You have some options on how to fix this problem and hold the debt collector responsible. Use the Fair Credit Reporting Act (FCRA) to fix your credit report Any company, including a… (Read more)