HOW TO ORDER YOUR CREDIT REPORTS FOR FREE

Consumers often contact the Adkins Firm and ask how to get their free credit reports.  The Fair Credit Reporting Act (FCRA) is a federal law that gives consumers the right to a free credit report under several circumstances.  One of the most important and basic rights for consumers under the FCRA is the right to [...]

PUBLIC RECORD ERRORS AND CREDIT REPORTS

PUBLIC RECORD ERRORS AND CREDIT REPORTS Consumers often contact The Adkins Firm because they have public record errors on their credit reports.  Public records may include judgments and liens, such as tax liens.  After a judgment or a lien is filed with the court, consumer reporting agencies include the public record information on the consumer’s credit [...]

CREDIT REPORT ERRORS CAN CAUSE CREDIT DENIALS

Credit report errors can cause credit denials.  According to the Federal Trade Commission, one out of five consumers have credit report errors.   Credit report errors are often the result of mixed credit files.  A mixed credit report is a credit report that contains information about more than one consumer.  Mixed files are common amongst [...]

FCRA UPDATE: NO RIGHT TO OFFSET UNDER FCRA

The trial court acknowledged Synchrony’s claims shared facts in common; however, because the plaintiff’s claims were made under federal law, the FCRA, and the FCRA does not “expressly or impliedly provide[] a right to indemnity,” the court denied Synchrony’s motion for leave to file the third party complaint. Accordingly, “[f]rom a policy standpoint, therefore, it is difficult to conjure up support for a rule which would allow a furnisher to bring an indemnification action.”

4TH CIRCUIT REINFORCES FCRA RULE – NO PRIVATE CAUSE OF ACTION AGAINST FURNISHERS FOR REPORTING FALSE INFORMATION UNDER FCRA

CREDIT REPORT DISPUTE LAWYER - Under the Fair Credit Reporting Act (FCRA), there is no private cause of action under 15 U.S.C. § 1681s-2(a). In other words, consumers cannot successfully sue furnishers for reporting false information under the FCRA.

WHAT SHOULD YOU DO WHEN THE CREDIT BUREAU “VERIFIES” FALSE INFORMATION?

Do you have credit report errors? Have you disputed the false information to the credit bureaus? Now What?

SOUTH CAROLINA MAN SPENDS 2 YEARS TRYING TO CORRECT EQUIFAX CREDIT REPORT

A South Carolina man, Mike St. Peter, has fought Equifax for years to correct his credit report.  The problem started when Mr. St. Peter discovered a mortgage balance on his Equifax report that never changed – despite making his mortgage payments.  He signed up for a credit monitoring program and saw his mortgage balance staying [...]

FINANCE TIPS FOR 2011

2011 is here!  Consumers often tell me about their new year's resolutions and ask how me how they can improve their financial stability in light of their credit score.  The following are some great tips for consumers who are trying to increase their financial stability: Review your credit report.  Your financial future depends on the [...]

ALABAMA 1 OF 3 STATES WITHOUT A CREDIT FREEZE LAW

The Federal Trade Commission (FTC) estimates over 8 million Americans become victims of identity theft each year.  Billions of dollars are spent by every year by consumers and others in losses as a result of identity theft.  The identity theft problem has significantly increased over the last decade, with complaints about identity theft rising by more than 578% [...]