Fix Credit Report Errors
Contact JAMISON LAW today for a case evaluation to discuss your credit report issues. Attorney Mandy Jamison aggressively assists consumers by providing an understanding of your legal rights and measures you may take to correct the errors on your report informally. And in cases where those measures prove to be ineffective, Attorney Mandy Jamison is experienced in pursuing consumer rights in a legal forum.
Attorney Mandy Jamison offers a compassionate approach to your legal needs and understands how frustrating dealing with inaccurate credit reporting can be. Contact Attorney Mandy Jamison today.
What is the FCRA?
The Fair Credit Reporting Act (FCRA) is a federal law that requires credit bureaus to ensure maximum possible accuracy of the information that they publish to third parties about you on your credit report. Employers, creditors, and even insurance companies rely on the information on your credit report when making decisions regarding whether to offer you a job, extend credit to you, or provide insurance coverage for you and your family. Accurate reporting has become even more critical in these hard economic times.
Credit standing is a significant asset for most Americans. Credit can affect your access to home mortgages, vehicle loans, employment, and insurance coverage. Inaccurate information on your credit report can impact your ability to get favorable finance or interest rates. One legislator correctly described the adverse impact of a bad credit history as “the ‘Scarlet Letter’ of 20th Century America.”
Another growing concern for consumers is identity theft. According to the Federal Trade Commission (FTC), Identity Theft was the top consumer complaint in 2011, for the 11th consecutive year, accounting for over 20% of all consumer complaints.
Federal law promotes accuracy, fairness, and privacy of your consumer information. You have rights! If your credit report contains inaccurate or outdated information, or you believe you are the victim of identity theft, contact Attorney Mandy Jamison. Attorney Jamison knows how to assist consumers to restore their good credit, and will work hard to get you the fast and fair settlement that you deserve.
Actions that EVERY Consumer Should Take
The credit bureaus are not government run agencies. They are for profit, multi-billion dollar industries that make money by selling your personal information.
- Check your credit report at least once per year to ensure it is accurate. Attorney Mandy Jamison suggests checking it once every 4 months, alternating between each of the three major credit bureaus. To obtain a free copy of your credit report, click here. **It is strongly suggested that you obtain a copy of your report(s) through the mail option (as opposed to the instant online version).** You are entitled to one free copy from each of the 3 major credit bureaus (Experian, Trans Union and Equifax) annually.
- If you have been turned down for credit or denied employment or insurance based on your credit standing, review your credit report to confirm it is accurate.
- Anytime you are given a higher interest rate than you believe you deserve based on your credit history, send a letter by certified mail, return receipt requested, and ask for a written explanation stating why you were given unfavorable terms.
- Confirm that you do not have outdated or obsolete information on your credit report.
Signs of Inaccurate Credit Reporting & Identity Theft
- Your credit report has an account that does not belong to you
- Debt collectors are calling you regarding accounts that do not belong to you
- Your credit report lists names, addresses or employment history that does not belong to you
- A background check reports a criminal record or history that does not belong to you
- An account on your credit history reports a past due or delinquent status, and it should reflect that is in good standing
- Outdated information is being reported on your credit report (most information remains for 7 years, with bankruptcy generally reporting for 10 years)
You Have Rights
- You must be told if information in your credit file has been used against you. It is the creditor, insurer, or employer’s responsibility to provide you with this information.
- You have the right to dispute incomplete or inaccurate information on your credit report.
- You have the right to a free copy of your credit report once each year, in addition to anytime that you are denied credit. And you have the right to learn your credit score (for a fee).
- Credit bureaus must correct or delete inaccurate, incomplete, or unverifiable information.
- Credit bureaus may not report outdated negative information about you.
- Credit bureaus may provide information about you only to people with a valid need.
- You may seek money damages from those parties that violate your legal rights.
Steps to Take If You Believe You Have Inaccurate Information on Your Credit Report
- Maintain a complete record. Keep all copies of:
- your credit report(s)
- credit denial letters, employment turn down letters, or insurance denial letters based on inaccurate reporting
- evidence of interest rates that are higher than you would have been offered or paid had the false information not appeared on your credit report
- proof of proper payment if the account is yours, but the status is being falsely reported as late or in default
- Dispute the inaccurate information with the credit bureau(s) that is/are reporting it, and also the creditor(s) who is/are listed on the credit report. Attach copies of all of the documents and send your dispute by certified mail.
- It may be helpful to consult an attorney at this time. Call JAMISON LAW today to schedule a Case Review to discuss your legal rights. (937) 435-4000.
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