Our credit reporting attorneys deal with every type of credit error
Credit reports are often full of damaging inaccuracies. Studies show that inaccurate reports plague the credit industry:
- 46-70% of all credit reports contain mistakes.
- 40% of all credit reports contain public record information belonging to someone else, credit accounts that do not belong to the consumer or accounts incorrectly marked as delinquent..
- 26% of credit errors are serious enough to deny an application for credit, housing or employment.
We sue creditors and debt collectors for violating FCRA and our clients often recover thousands and thousands of dollars from these lawsuits.
Here are some of the most common and egregious errors:
Mixed or Merged Credit Reports
Mixed or merged credit reports is the result of a consumer reporting agency’s inaccurate merging of credit information and/or an entire credit file belonging to one consumer onto the credit report of another consumer.
Inaccurate Info on Credit Reports
A government study reports that over 40 million Americans have mistakes on their credit reports; and 20 million Americans have serious mistakes on their credit reports.A mistake on your credit report can cost you money, it can increase the interest you pay on your loans, prevent you from getting a mortgage or buying a car, landing a job, or getting a security clearance.
Background Screening & FCRA
Class action lawsuits, against employers for violating the FCRA, have been on the rise. The most common FCRA violations include: failure to use stand-alone documents for disclosure and consent for a background check, failure to provide pre-adverse action notice to applicant if employer intends to take adverse action based partly on report’s contents, and failure to provide pre-adverse action notice to applicant if employer intends to take adverse action based partly on report’s contents, and failure to provide adverse action based partly on report’s contents, and failure to provide adverse action notice 5 business days later that includes a copy of the consumer report and the statutory summary of rights.
Out of Date Entries on Credit Reports
Negative information such as: delinquencies, bankruptcies, charge-offs, loan defaults, foreclosures, law suits and judgments, and tax liens are barred from forever appearing on your credit report. The FCRA requires credit reporting agencies to remove most negative information from your credit report after the credit reporting time limit has expired.
Identity Theft
The number of identity theft incidents has reached 9.9 million a year, according to the Federal Trade Commission. Every minute about 19 people fall victim to identity theft.
Unauthorized Review of our Client’s Reports
Creditors and debt collectors will procure a person’s credit report without a permissible purpose under the FCRA. We file lawsuits to protect our client’s private and confidential credit information from entities that have no business accessing these credit reports.
WE CAN HELP YOU WITH CREDIT REPORTING ISSUES
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