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The federal Fair Credit Reporting Act (FCRA) is one of the strongest consumer protection laws. The FCRA is designed to ensure the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. Unfortunately, credit reporting errors and violations of the FCRA are common. We have been helping consumers fight against credit reporting agencies and damaging mistakes for over 26 years.
The following FCRA violations can result in legal consequences for the entities involved. These credit reporting errors can also lead to significant distress and problems for consumers affected by the inaccuracies or misuse of their credit information. Common types of violations under the FCRA related to credit reports include:
If you feel your rights under the FCRA have been violated, get a free, no-obligation case evaluation now by filling out our free case review form or calling us at 1-877-735-8600 to speak to someone about your potential case.
Credit reporting agencies (CRAs) collect and report credit-related information on consumers. The three largest and well known CRAs are Experian, Equifax, and TransUnion.
Companies contact credit reporting agencies when doing credit checks. Credit checks are performed for many reasons, but the most common will include employment screenings, loan and credit card approvals, apartment rental applications, and bank account approvals.
When the information in your credit report is incorrect, you have the right to dispute it and get it corrected.
For more, view our Summary of Your Rights Under The Fair Credit Reporting Act (FCRA)
If you notice an error on your report, notify the credit bureau via mail or an online form. Check out our tools to help you notify the credit reporting agencies of errors:
TIP: In the event that you feel that your identity is compromised, you can put a freeze on your credit report for a period of 90 days so no one can access it.
Once the credit report agency receives your dispute, they forward the dispute form to the furnisher. They then perform their investigation and report back with the revised/corrected information. This process should be done within 30 days of the dispute.
Both the credit reporting agency and the furnisher (a bank or creditor) are supposed to do independent investigations.
Unfortunately, most credit reporting agencies do not spend much time investigating which leads to non-removal of the error. This means that second or third attempts are sometimes needed but do not guarantee the error will be resolved.
In this video, firm partner, John Soumilas answers your questions about how long it takes to get credit report errors corrected after a lawsuit against a credit reporting agency or background check company.
If you have gotten nowhere with the credit reporting agency and they are not removing mistakes and continue to damage your credit, you need to contact Francis Mailman Soumilas, P.C. now.
Our team of experienced consumer law attorneys is here to fight for you, get your credit report fixed, and get you the compensation you deserve.
Don’t let credit report errors continue to ruin your financial future. Fill out our free case review form, or call us now at 1-877-735-8600 for a free consultation.
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PROTECTING CONSUMERS