Category Archives: Credit Report Errors

Wayward Son: How Your Son’s Credit Woes Can Become Yours, Especially if You’re a “Senior”

As a father, you always want what’s best for your children. Over the years, this has probably meant some sacrifices. While some sacrifice is normal, there are certain burdens you shouldn’t have to take on for your child. What’s an example of one of these? Your son’s bad credit choices and actions. You do not […]

Sins Of The Father: How Your Dad’s Credit Woes Can Become Yours, Especially if You’re a “Junior”

Family legacies can feel impossible to live up to, especially if you’re named after your father or one in a line of many with the same name. That pressure can be challenging enough—so what do you do when your dad’s credit impacts your credit report because you both have the same name? What happens when […]

Erroneous Information On Your Credit Reports? It May Be A Case Of Mixed Files

Can you imagine knowing that you’re dying of multiple cancers, trying to make sure your spouse of 50 years could cover burial costs, and attempting to renovate your home, and then being denied your HELOC application? That’s what happened to James Rennick. He was told that there was a problem with his credit report. It […]

Study: CFPB complaints shattered records in 2020, exposing how the COVID-19 pandemic battered consumer finances

Credit Report Errors Attorney - COVID-19 Finance Study

Confirmation of President Biden’s nominee Rohit Chopra will pivot agency back to only job: protecting consumers WASHINGTON — Consumer complaints about problems with financial companies such as banks, credit bureaus and debt collectors rose by more than 50 percent in 2020 and set new records for each month of the year, according to a new […]

What Consumers Need to Know About New Credit Reporting Protections re: Mortgage Payments

cares act

CARES Act § 4021 provides less than minimal protections regarding credit reporting. From January 31, 2020 until 120 days after the end of the national state of emergency, if a creditor has made an accommodation (such as a forbearance or workout) for a consumer pursuant to the state of emergency, the creditor shall report that […]

Equifax settles case with woman who sued after a credit file mix-up allegedly ‘destroyed’ her family’s life

NY Consumer Law – NY Credit Report Errors Attorney

A separate “mixed file” case against Equifax went to trial in 2013 and ended with a $18.6 million jury award. The sum was reduced to $1.62 million in damages and $300,000 in legal fees during post-trial proceedings. During that trial, an expert for Equifax testified mixed files could happen in 1% to 2% of all […]

This woman says Equifax mixed up her father’s credit report and ‘destroyed’ his life — and now she hopes to convince a jury

Equifax Dicussion

James Rennick was in desperate need of money to help his ailing wife, but an incorrect credit report stood in his way, this lawsuit alleges https://www.marketwatch.com/story/this-woman-says-equifax-mixed-up-her-fathers-credit-report-and-destroyed-his-life-now-she-hopes-to-convince-a-jury-2019-10-25

How to opt out of arbitration for the new Apple Card (and why you’d want to)

Apple Card

Goldman Sachs and Apple have included an arbitration provision in the Apple Card customer agreement. It basically means you can’t join a class action lawsuit against either company, experts said. Customers can also easily opt-out of arbitration — here’s how you do it.  https://www.cnbc.com/2019/08/21/apple-card-arbitration-agreement-how-to-opt-out.html

Helping consumers with credit report errors is the core of our practice.

Credit Report

https://www.bankrate.com/personal-finance/credit/credit-report-mistakes-errors/ The Federal Trade Commission conducted a study which found that one in five consumers discovered mistakes on at least one of their credit reports that might impact their credit scores. However, many (perhaps most) of the errors on credit reports aren’t actually caused by the credit bureaus themselves. Rather, data furnishers like banks, creditors and collection […]

Maxine Waters proposes consumer-friendly overhaul of credit reporting industry

speech bubble

The heads of the three leading credit reporting companies heard bipartisan criticism as Waters, the veteran Los Angeles Democrat, launched her first major legislative initiative as chairwoman of the Financial Services Committee. “To credit reporting bureaus, consumers aren’t consumers. They are commodities,” Waters said, adding that dissatisfied Americans can’t just take their business to another company. […]