Consumer Rights Blog

medical debt

Credit-Score Provider VantageScore To Exclude Medical Debts From Credit Reports

Consumers with medical debt in collections are about to receive some relief. VantageScore Solutions, LLC, one of the two credit-score providers in the United States, announced the company will no longer factor all medical debts in collections when determining consumers’ credit scores. At present, 43 million credit reports contain medical debt totaling more than $88

Equifax credit score

Equifax Inaccurate Credit Scores

Equifax, one of the three largest credit reporting agencies, recently confirmed that a coding error has led to incorrectly-reported credit scores for millions of consumers. According to the company, credit scores reported from March 17 through April 6 of 2022 were incorrectly calculated due to a coding error that occurred during a service change to

Equifax and Transworld Systems Sued For Allegedly Including False Information on Texas Man’s Credit Report

Francis Mailman Soumilas, P.C., recently filed a lawsuit on behalf of a Texas man against Equifax and Transworld Systems in the U.S. District Court for the Eastern District of Pennsylvania, alleging that Transworld Systems violated the U.S. Fair Debt Collection Practices Act (“FDCPA”), and that both companies violated the U.S. Fair Credit Reporting Act (“FCRA”).

Consumer credit report with errors

Hyundai Credit Reporting Failures

The Consumer Financial Protection Bureau (CFPB) is ordering car manufacturer Hyundai Motor Group, to pay customers $19 million for repeatedly furnishing inaccurate information to credit reporting agencies from 2016 to 2020, a violation of the Fair Credit Reporting Act (FCRA). According to the decision, Hyundai knew it was reporting inaccurate information, but failed to correct

credit report

Can I Remove an Inaccurate Late Payment From My Credit Report?

Credit reports are crucial and utilized regularly to determine an individual’s creditworthiness to secure financing, loans, employment, housing, credit, and insurance. Negative marks on your credit report lower your overall creditworthiness and score and can follow you for years, affecting a potential lender, landlord, or employer from accepting your applications. Late payment, even one, alter

adverse employment action

These are the most contested issues when employers are sued for taking adverse employment action after a background check

The U.S. Fair Credit Reporting Act (15 U.S.C. § 1681) (“FCRA”) touches the lives of your clients every day. Signed into law by President Richard Nixon in October 1970, the FCRA regulates consumer reporting agencies, users of consumer reports, and entities that furnish consumer information. Under the statute, traditional credit reports, as well as employment

medical reporting changes

Co-Founder and Partner Jim Francis Consults on Medical Debt Reporting Changes

Francis Mailman Soumilas, P.C. co-founder Jim Francis recently lent his expertise to the Philadelphia Inquirer regarding the changes to medical debt reporting that took effect July 1. Experian, TransUnion, and Equifax, the three largest credit reporting agencies, announced that new and existing medical debt will now be removed from credit reports as soon as it

big three

Tennessee Woman Sues the “Big Three” U.S. Credit Reporting Agencies for Falsely Claiming on Her Credit Report That She Was Deceased

Francis Mailman Soumilas, P.C., recently filed a lawsuit on behalf of a Tennessee woman against Trans Union, LLC, Equifax Information Services LLC, Experian Information Solutions, Inc., and Genesis FS Card Services, Inc., in the U.S. District Court for the Eastern District of Pennsylvania, alleging the companies violated the U.S. Fair Credit Reporting Act. According to