Kmart Fined $3 Million for Violating Consumer Rights under the Fair Credit...
The Fair Credit Reporting Act (“FCRA”) is a federal law designed to protect consumers from unfair practices regarding their credit report. A class of more than 60,000 job applicants recently sued...
View Article60 Minutes Shocking Report – 1 in 5 Credit Reports are wrong
Credit reports: we know we need them to buy a home, secure a car loan or get approved for a credit card. We worry about our credit score and how to raise it. But a new government study conducted by …...
View ArticleNot Checking Your Credit Reports? It Will Cost You!
We all know how important credit reports/scores are to our daily lives. They determine whether we can buy our dream home, lease a car, or even get a job. But a new study done by the Consumer Financial...
View ArticleExperian is getting slammed with new law suits for refusing to investigate...
If you have something on your credit report that does not belong to you, the Fair Credit Reporting Act requires you to send a dispute to the credit reporting agency, such as Experian, Equifax and...
View ArticleWhat Credit Repair Organizations should know about when credit reporting...
Credit repair organizations (“CROs”) have a pretty bad reputation. Well, some of them do and it’s enough to really tarnish the entire industry. Hell, Congress had to step in and create the Credit...
View ArticleIs your credit repair company doing EVERYTHING it can to help you?
You should ask them and find out. Ever since Experian has been sending out its “suspicious request” response letters, I have been flooded with calls and contacts from credit repair organizations...
View Article5 things to look for when hiring Credit Repair Company
Credit repair companies have gotten a bum rap from just about everyone from Congress to states attorneys general to Yelp. The industry has received these black eyes from some bad apples in the bunch,...
View ArticleA single charge off is now multiple charge offs and they are killing your...
The credit reporting agencies and lenders, in the last few years, have picked up a new trick designed to hurt you. They are turning single charge offs into multiple charge offs. They take a singular...
View ArticleWells Fargo FINED $185 million for opening bogus accounts
We usually think of banks as conservative, upright corporate citizens simply doing their best to screw the public. Far fetched? Not today....
View ArticleCongratulations to Mr. and Mrs. Spanovich for settling their case against BMO...
In a classic David v Goliath case, Mr. and Mrs. Spanovich sued BMO Harris Bank over a debt that was not their obligation. Despite having sent dispute letters to Experian, Equifax and Trans Union...
View ArticleWAS BANK OF AMERICA FORCED TO FORGIVE YOUR HOME EQUITY LOAN? THEY GOT THEIR...
In 2012, Bank of America reached a $16.65 billion settlement with the United States Department of Justice over its mortgage practices. If you had a home equity line of credit with Bank of America, you...
View ArticleWhat Michigan Consumers should know about TransUnion’s Willful Violations of...
The courts take violations of the Fair Credit Reporting Act (FCRA) very seriously, especially when they are willful violations. Recently, a federal jury in California awarded $60 million in damages for...
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