Category Archives: Credit Report Errors

Credit Reports: Not As Accurate As You Might Think

Your credit score wields a lot of influence over your life. It can be the make-or-break determinate when buying a car, securing a mortgage, or accessing a line of credit for a new business venture. We’d like to think the logic behind our score is pretty bulletproof, but that may not be the case. In […]

Live in a Packed, Ethnic Neighborhood? You May Be at Higher Risk of Credit Report Mistakes Causing Havoc on Your File

Risk Factors for Mixed Files—Names and Neighborhoods One of the major types of credit report errors is a mixed file, which occurs when the credit reporting agencies combine information from multiple individuals. This error often occurs when individuals share similar names, social security numbers, addresses, birth dates, or other demographic details. The credit reporting agencies […]

Calling All Twins: Make Sure Your Sibling Pays Their Bills

Twinning equals winning, at least much of the time. Ask a twin whether they enjoy being irrevocably linked to an identical or very similar sibling, and you’ll probably hear some crazy twin stories about fooling friends, tricking teachers, and having a built-in best friend. But there are some occasions when being a twin is a […]

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