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)
Is a verbal dispute to the credit bureaus good enough to fix false credit reporting?
I’d like to chat with you about whether or not it’s a good enough to just call Experian, TransUnion, Equifax, etc. when you’re dealing with false credit reporting.
My answer is a big, “Maybe.”
It might fix your credit reports.
I’m skeptical of how well it works.
You can call them and make detailed notes on that call, or maybe even record the call.
But… (Read more)
You know over 140 million Americans had their private information stolen from Equifax. It is horrible that Equifax allowed this to occur. You have no choice but for Equifax to have your private information. And they did a lousy job of protecting it and then held that critical information from you for at least 6 weeks.
(If you want to know more about this data breach, you can read our Frequently Asked Questions here).
But what do you do now?… (Read more)
What is a removal of my case from state court to federal court?
This is where a state case is moved (“removed”) to federal court.
So the case literally started in state court and now is transferred to federal court. That’s basically what this means.
This is the right of a defendant who is sued in state court if one of two things has happened.
The first situation is when there’s a federal claim involved.
Let’s say you sue an… (Read more)
We help mortgage professionals who have clients with credit reporting errors
As a mortgage professional (broker or banker), it is incredibly frustrating for you to attract a client to your business, spend time with that client, and then not be able to give them the loan they need because some company has wrongfully put errors on their credit reports.
This may be a debt collector on a debt that doesn’t exist or that your client does not owe.
It may… (Read more)
If you are a law student or lawyer, and you are planning on taking the Alabama State Bar to practice law in Alabama, then understand that having bad credit can prevent you from being qualified to take the bar exam.
This article is based on our experience helping both law students and attorneys from other states who want to take the bar exam in Alabama.
This information can change and you certainly need to follow whatever letters and deadlines you… (Read more)