Credit Reporting

Recent Posts in Credit Reporting

  • Case Law Update: Adams v. Fifth Third Bank

    A federal case from the U.S. District Court, Western District of Kentucky recently focused on a complaint filed by two plaintiffs who executed a note and mortgage with Fifth Third Bank. According to the original complaint, the mortgage lender filed a ...
  • The 11 th Circuit Court recently reversed in part a trial court’s ruling granting summary judgment in favor of a debt buyer, its affiliated debt collector and their parent company, holding that a jury could find that all three were in willful ...
  • What is Charge-Off Date Fraud?

    When a consumer fails to make timely payments and becomes severely delinquent on a debt, their creditor may “charge off” the account, meaning that the creditor does not anticipate repayment in the near future. This in no way affects your ...
  • It is extremely important to check your credit report on a yearly basis. The three major credit reporting agencies, Equifax, Experian, and TransUnion all offer a free report once a year. You should look through your report for any errors and take ...
  • How Did Three Credit Agencies Gain a Monopoly?

    The practice of extending credit dates back to the 19 th century when industrialization led to the mass production of expensive machines that most consumers were unable to afford in a single payment. Credit reporting agencies were created as credit ...
  • How to Fix Your Credit Report After Bankruptcy

    One of the most frequently asked questions we receive from clients is how to fix a credit report after bankruptcy. While it is very important for everyone to periodically check their credit report for errors, it is especially important for people who ...
  • Missouri Man Finally Clears Credit Report of Errors

    One man in Missouri has finally reached the conclusion of a three-year quest to clear his credit report of errors after a U.S. senator stepped in to help. Ky Pohler first discovered the problem after attempting to apply for a home loan. What he found ...
  • Can a Credit Score Alter Your Chances of Finding Love?

    When it comes to “perfect” relationships, many people imagine romantic dates and getaways, bouquets of roses, and nice walks on the beach. However, the Federal Reserve suggests that Americans should consider the importance of another ...
  • According to the Consumer Financial Protection Bureau, service members have submitted 650 complaints about credit reporting since 2012. One in six of those complaints involved identity theft or misuse of accounts. Less than one percent of those 650 ...
  • Is It Time for Your Annual (Credit) Checkup?

    When most people think about annual checkups, a visit to the doctor comes to mind. Annual checkups are an important part of maintaining your physical health. However, many Americans are unaware that their credit reports can also benefit from an ...
  • Credit inaccuracies can be very problematic for anyone trying to obtain credit. Your credit score also has an impact on how much you pay for things like auto and homeowner’s insurance. Adding fuel to the fire, once you find mistakes on your ...
  • The Consumer Financial Protection Bureau recently released a list of the most complained-about financial services companies. While companies like Bank of America and Wells Fargo appear in the top five, the rest of the top five is dominated by credit ...
  • According to the Chicago Tribune, the formula used to determine FICO scores is being changed to minimize the negative impact of bad medical debts. The change will also lessen the effect of old, paid-off debts. Consumers whose bad credit scores are ...