Credit Reporting Issues | Indianapolis Bankruptcy Attorney

Credit Issues

Credit Reporting Issues

Credit Reports are often full of damaging inaccuracies.

Studies show that inaccurate credit reports plague the credit industry.

Indeed, 46%–70% of all credit reports contain inaccurate information.

Here are some of the most common and egregious errors involving credit reports:

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Mixed or Merged Credit Reports

This error occurs when a credit reporting agency mistakenly merges one person’s credit information with another person’s credit information.

Out of Date Entries on Credit Reports

Negative information, such as, delinquencies, bankruptcies, charge-offs loan defaults, etc., must be taken off a person’s credit report after a certain amount of time. However, often debt collectors will “re-age” the debt to make it appear that it is not very old. This conduct is illegal.

Background Screening & the Law

Class action lawsuits against employers for violating the law have been on the rise. The most common violation of the law involves a situation in which a prospective employer accesses a person’s credit reports without express written authorization.

Unauthorized Review of a Person's Credit Reports

Creditors and debt collectors will often access a person’s credit report without a legal purpose under the law. We file lawsuits to protect our client’s private and confidential credit information from entities that have no reason for accessing these credit reports.

Why Call My Indianapolis Bankruptcy Firm

Unsure of whether or not bankruptcy is right for you? Want to see if you are eligible for Chapter 7 bankruptcy? I am ready to discuss all your options with you in a free case evaluation. Find trusted, dedicated advice today at John Steinkamp & Associates.

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Unsure of whether or not bankruptcy is right for you? Want to see if you are eligible for Chapter 7 bankruptcy? I am ready to discuss all your options with you in a free case evaluation. Find trusted, dedicated advice today at John Steinkamp & Associates.

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