Blog Posts - Credit

How Does the FCRA Address Identity Theft?

The Fair Credit Reporting Act (FCRA) is a federal law that regulates how credit reporting agencies use consumers’ information. It aims to promote accuracy, fairness, and privacy of information. The FCRA gives consumers the right to access their credit reports,…

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What Are the Penalties for Violating the FCRA?

Violating the Fair Credit Reporting Act (FCRA) can have serious consequences, both legally and financially. The FCRA is a law in place to protect the rights of consumers when it comes to their credit information. Any party that violates the…

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FCRA and Co-Signed Loans

If you have recently co-signed a loan for someone and are now facing difficulties because of it, you may be wondering about your rights and protections under the Fair Credit Reporting Act (FCRA). It can be a frustrating situation when…

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How the FCRA Affects Mortgage Applications

Applying for a mortgage can be a complex process, and it is important to understand how the Fair Credit Reporting Act (FCRA) can affect your application. The FCRA is a federal law that regulates how consumer credit information is collected…

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What Does A Lawyer Do in FCRA Litigation?

In FCRA (Fair Credit Reporting Act) litigation, lawyers play a crucial role in ensuring a successful case for consumers. FCRA cases involve disputes regarding inaccurate or misleading information in credit reports, unauthorized access to consumer information, and violations of consumer…

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The Reason Behind Employer Credit Checks

Employer credit checks have become a common practice in today’s job market, but many people do not understand the reason behind them. These checks are not just a mere invasion of privacy or a way for employers to judge candidates…

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FCRA and the Statute of Limitations

Bringing a claim under the Fair Credit Reporting Act (FCRA) is already complicated, but it can be more so when you realize there are strict time limits called statutes of limitations. Never wait to seek the guidance of a skilled…

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Why Does My Employer Look at My Credit Report?

As an employee, you may have wondered why your employer would be interested in your credit report. Employers may review credit reports as a part of their evaluation process to assess your financial responsibility, trustworthiness, and overall suitability for certain…

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When to Consult an FCRA Attorney

Issues related to the Fair Credit Reporting Act (FCRA) can be complicated to deal with or even understand on your own. From disputes with credit reporting agencies to violations of your rights as a consumer, the FCRA covers many legal…

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FCRA Violations: What They Are and How to Fight Back

FCRA (Fair Credit Reporting Act) violations can be complicated and challenging to address. When someone’s rights are violated under the FCRA, it can result in serious and costly harm, such as being denied credit, housing, or employment opportunities. These violations…

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What Should I Do if I Find Errors on My Credit Report?

Discovering errors on your credit report can be frustrating and concerning. These inaccuracies can negatively impact your credit score and potentially hinder your ability to obtain credit in the future. Always take immediate action to rectify these errors and restore…

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What are My Rights if My Credit Application is Denied?

Being denied credit can be frustrating and confusing, especially if you believe you meet all the necessary requirements for the product you applied for. If your credit application is denied, you should understand your rights and potential courses of action….

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Common FCRA Issues

The Fair Credit Reporting Act (FCRA) is a federal law designed to protect consumers from inaccurate or unfair credit reporting practices. However, dealing with FCRA violations can be overwhelming, especially when dealing with common issues that can affect your credit…

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How Can Credit Repair Services Help You?

If you find yourself dealing with credit issues, whether it be errors on your credit report, inaccurately reported late payments, or even identity theft, the process of repairing your credit can be complex and overwhelming. This is where credit repair…

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How Credit Bureaus Can Damage Your Credit Report

Credit bureaus play a significant role in shaping our financial future. They are responsible for compiling and maintaining credit reports, which have a significant impact on our ability to obtain loans, secure housing, and even get a job. However, credit…

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What Information is Prohibited by the FCRA?

The Fair Credit Reporting Act (FCRA) is a federal law that governs the collection, dissemination, and use of consumer credit information. The FCRA imposes restrictions on the type of information that can be included in a credit report to protect…

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What is Covered Under the FCRA?

When it comes to your credit, navigating the complex landscape of federal regulations and consumer rights can be overwhelming. Understanding the protections afforded to you under the Fair Credit Reporting Act (FCRA) is crucial for maintaining your financial well-being. If…

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Can You Get Personal Loans With Bad Credit?

Securing a personal loan with bad credit can be challenging, but it’s not impossible. While traditional lenders may be less willing to extend credit to individuals with a history of poor credit, alternative options exist for those in need of…

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What Are Your Rights Under The FCRA?

The Fair Credit Reporting Act (FCRA) is a federal law that protects consumers’ rights when it comes to their credit information. If you’re struggling with credit issues, it’s essential to understand your rights under the FCRA and how you can…

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What information can a credit reporting agency obtain?

Credit reporting agencies play a crucial role in assessing and compiling individuals’ creditworthiness, providing lenders with information to make informed decisions. These agencies collect a variety of data to create comprehensive credit reports. The information obtained by credit reporting agencies…

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How do you read a credit report?

Reading a credit report is a crucial skill for maintaining financial health and making informed decisions about your creditworthiness. A credit report provides a comprehensive overview of your credit history, including accounts, payment history, and other relevant financial information. Understanding…

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How to build your credit

Building your credit is a gradual process that involves demonstrating responsible financial behavior over time. A good credit score is essential for securing favorable interest rates on loans, credit cards, and other financial products. Here are some steps to help…

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How Can You Increase Your Credit Score?

Today, qualifying for financing, favorable insurance rates, rental housing, and more is important to many people and households. Your credit score is something that lenders and landlords use to determine your creditworthiness, and they will not hesitate to decline applications…

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What is the Fair Credit Reporting Act?

Creditors and other large corporations have significant power over consumers, especially when it comes to credit reporting. Companies can report information, and the major credit reporting agencies (Experian, Equifax, and Transunion) will generally add these details to your report without…

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How Does Closing a Credit Card Impact Your Credit?

If you’re worried about your current collection of credit cards, you’re not alone. The average American cardholder has four credit cards, says Experian. Nowadays, banks, credit unions, and even grocery stores are handing out credit cards like Halloween candy. While…

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Does My Employer Look at My Credit Report?

Job hunting can be stressful and often requires just as much work as a full-time position. You likely have a full plate between revamping your resume, filling out applications, and scheduling interviews. However, it may surprise you that some employers…

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How to Dispute Errors on Your Credit Report

Errors on your credit report could cause your credit score to be significantly lower than it would usually be. Unfortunately, a lower credit score could impact your ability to get a loan or credit card and could drive your interest…

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What Is Permissible Purpose and Who Has It?

The Fair Credit Reporting Act (FCRA) includes a section known as permissible purpose. It establishes the need for written consent or documentation from the consumer before a financial institution can pull the individual’s credit report. This credit report investigation is…

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Understanding the Fair Credit Reporting Act

Credit reporting agencies are legally required to gather and report consumer information with the utmost accuracy. Combined, the three largest credit reporting agencies – Experian, TransUnion, and Equifax – keep files on hundreds of millions of Americans and issue billions…

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What to Look for on Your Credit Report

One of the most nerve-wracking aspects of a credit report is the moment between clicking “review” and waiting for when the report is generated. Whether you have good or bad credit, a credit report can always overwhelming, especially when it…

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Can Identity Theft Affect Your Credit Score?

If you’ve been a victim of identity theft, you are likely familiar with how much your life can change. Identity thieves can take your financial information, purchase expensive items in your name, and leave you to deal with the consequences….

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Robocalls Are a Greater Issue Than You Think

It has become common knowledge that robocalls are illegal, yet and still, companies continue to place them at an alarming rate. For those unaware, a robocall is call placed using an automatic telephone dialing system (ATDS). The technology used can…

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Court Expands 'Emergency Purposes' for Healthcare Calls

The Telephone Consumer Protection Act (TCPA) has long-served as the protective barrier between consumers and unsolicited calls and texts. The statute protects consumers from calls made using automated telephone dialing systems (ATDS), otherwise known as robocalls. Telemarketers, debt collectors, and…

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How to Handle Unwanted Telemarketing Calls

Have you ever received a phone call from someone selling luxury catalog items, digital protection, or worse, chocolate? These are some of the most common telemarketing calls placed on a daily basis to millions of unwilling Americans. When faced with…

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FTC Sues Company for Collecting Phantom Debts

Many Americans would admit that they have become somewhat immune to debt collection calls. With calls occurring at such a high frequency and regarding everything from student loans to mortgage payments, people often forget to stop and figure out if…

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The Reason Behind Employer Credit Checks

People commonly associate credit checks with events like purchasing a car, renting a home, applying for a loan, and many other situations where knowing your credit history is pertinent. One instance when many people do not expect to have their…

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How to Dispute a Credit Card Charge

People use their credit cards to purchase just about anything in-store or online, leaving the opportunity for complications to arise. Many consumers choose to shop strictly with cash to avoid the possible problems associated with regular credit card use. One…

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Hard vs Soft Inquires on Your Credit Report

Credit cards are known to be convenient finance options, but there is plenty more to having a credit card than knowing your limit. There are retailers and financial institutions that access your credit report via inquiries that have the potential…

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LabCorp FACTA Suit Settles

Major healthcare diagnostics company LabCorp has settled a striking class action lawsuit for allegations that it violated terms of the Fair and Accurate Credit Transactions Act (FACTA). With over 50 locations throughout Florida, they are a prominent healthcare provider known…

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Wells Fargo Forced Arbitration

In the consumer banking industry, Wells Fargo is not known for doing what is best for their customers. Just last year, they settled a massive class-action lawsuit for over $16 million after allegations that they had violated the Telephone Consumer…

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Top 5 Ways Forced Bites Consumers

Forced arbitration clauses have made their way into hundreds of consumer contracts. Whether you are buying a cell phone plan, signing up for a credit card or even purchasing a car (or the insurance that comes with it), you have…

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How Forced Arbitration Affects Consumers

If you have signed up for a credit card or even downloaded a coupon for a box of cereal recently, you probably have agreed to forced arbitration. Nearly everyone in America has agreed to a forced arbitration clause at some…

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The Top 5 Laws that Protect Consumers

Using a credit card comes with a lot of responsibility and can carry certain risks, yet recent data from the Federal Reserve Bank of New York revealed that credit cards are being opened at an alarming rate. As of June…

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How FACTA Deters ID Theft

Identity theft is a prevalent crime in the United States, with approximately 9 million cases each year. Thieves who steal people’s identities to commit fraud can deplete funds, hurt consumer’s credit scores and even make it difficult for patients to…

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How FACTA Protects Consumers

Consumers have many protections in the United States as incidents of fraud are rampant. As an increasing number of consumers rely upon credit and debit cards to make purchases, more sensitive information is released and put at risk of fraud….

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