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)
3 reasons to pull your credit reports after being sued
At the time of this article until April 2021, you can pull your credit reports for free every week through AnnualCreditReport.com. In this article, we discuss why you should do this regularly throughout your lawsuit. Print these to PDF, save them on your computer. Then look at them and check for errors.
There are three time periods we want to look at your credit reports on compared to the lawsuit:… (Read more)
The CARES Act is a powerful law that, if you qualify, entitles you to receive a forbearance on making payments on your mortgage. But what happens when your mortgage company refuses to give you the forbearance?
What can you sue for?
This is a question that was asked by a consumer after our article listed above. So here are some possibilities:
FDCPA
RESPA and RESPA letters
FCRA
State law
Let’s look at these but first let’s remind ourselves of what the… (Read more)
Here are three simple tips that you can quickly learn and then take action on when dealing with credit reporting by a debt collector. (We have longer articles but this will be a good start).
Here are the three tips and then we’ll briefly discuss them:
See if there is any obvious inaccuracy
Dispute the debt directly with the debt collector if you need information
Dispute the debt with the credit reporting agencies if you the first two options don’t… (Read more)
We welcome referrals from lawyers inside or outside of Alabama
Many of our cases — and particularly our bigger cases — come from referring lawyers who refer their consumer cases to us. While most people who send us cases are lawyers we have worked with for many years, we wanted to share this information primarily for lawyers we have not worked with so you will understand the process. We want to make any referrals as easy as possible for you.… (Read more)
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 house… (Read more)