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Category: Credit Report Issues

Francis Mailman Soumilas files class action lawsuit against Bank of America

Francis Mailman Soumilas, P.C., Files Class Action Lawsuit Against Bank of America for Misreporting Customers as Having Filed for Bankruptcy and Shutting Down Their Accounts

Francis Mailman Soumilas, P.C., along with Hussin Law Firm, recently filed a class action lawsuit in California federal court against Bank of America over its incorrect listing of bankruptcies on its customers’ credit reports. The lawsuit also alleges that the bank refused to correct those listings after it was notified of the errors. Our client,

Credit Report Errors

Can COVID-19 Ruin My Credit?

More than 40 million Americans lost their jobs this spring as the COVID-19 pandemic gained momentum. Measures were enacted at the federal, state, and local levels to keep businesses afloat and help Americans forestay eviction and foreclosure. However, for many, the stimulus checks have been spent and bills are coming due. In the meantime, debt

Making Payment Arrangements

Made Payment Arrangements Due to the COVID-19 outbreak? You Should Be Checking Your Credit Reports.

For many American families, the COVID-19 outbreak has caused some serious financial turmoil. Many people are struggling to pay bills and feed their families. On March 27, 2020 the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted. Under the CARES Act, those struggling to pay bills can make special payment arrangements with creditors.

Ninth Circuit Upholds Verdict Against TransUnion Over False Terrorist Alerts

In Ramirez v. TransUnion, LLC, the appeals court upheld the jury’s June 2017 award of roughly $8 million in statutory damages across the class, but reduced the jury’s $52 million punitive damages across the class to about $32 million. How False Terrorist Alerts Appeared on Consumers’ Credit Reports The Ninth Circuit’s decision comes eight years

Equifax Sued For Not Investigating Inquiry Disputes

Equifax Sued for Not Investigating Disputed Inquiries on Credit Reports

Equifax Sued In Another Class Action Because Of Its Systemic Failure To Investigate Consumer Disputes Of Unauthorized Or Fraudulent Inquiries Appearing On Consumers’ Credit Reports Inquiry information is included on a credit report because it is part of a consumer’s credit history. Inquiries identify the persons and companies from whom the consumer sought credit and

What is an OFAC alert

What is an OFAC alert?

What is the SDN list? The Specially Designated Nationals (SDN) list is maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control. The list contains names of individuals and companies that are controlled by or acting on behalf of targeted countries. It also contains names of drug traffickers, arms dealers, and suspected terrorists.

What happens to your credit after marriage?

Are you getting married? Marriage is a big step for both your personal life and your finances. As you build a life together, it’s important to understand exactly how your credit score might change as a result of your new commitments. Marriage may not directly affect your score, but if you are applying for things like joint credit

Credit Score Primer

You’ve surely heard the terms “credit score,” “credit report,” and “credit bureaus,” but, like many Americans, you’re probably not exactly sure what they mean.  Every consumer deserves to know exactly how and why a credit score is calculated.  We’re going to break these concepts down so that you can feel confident in all your credit-related

Credit Score Myths

Credit scores are important; they are a significant factor in determining loans, housing, and even employment.  Most consumers have many questions about their credit score.  For instance: what is a credit score?  Who determines your credit score?  How do you improve your score?  Myth: Credit repair companies work. Reality: Credit repair companies that advertise a quick resolution for

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Since 1998, our consumer law firm has represented individuals harmed by credit reporting errors, inaccurate background checks, identity theft, and other consumer rights violations.
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