Category Archives: credit law

Credit Bureau Fails Again


Credit reporting agency sued by State Mississippi has sued credit reporting giant Experian, alleging sweeping errors in the company’s data and routine violations of consumer protection laws. Mississippi’s action — and a previously unreported multi-state investigation of credit bureaus led … Continue reading

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Failure of credit bureaus to fix mistakes plagues millions of Americans


Here is just another continuing saga of the ordeal Americans face when it comes to the credit bureaus.  If our last post from “60 Minutes” didn’t convince you, then here is more evidence. Toledo Blade Link to article

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What do I do after Bankruptcy?


I had to laugh the other day when talking to a prospect that had just completed a chapter 7 bankruptcy. When it was all done, he had called up his attorney and asked what do I do next? And the … Continue reading

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Judge: 90% of Credit Card Lawsuits Can’t Prove Borrower Owes Money!


Re-posted from Naked Capitalism Credit card debt collection may achieve the dubious distinction of making mortgage servicers look good. The New York Times has been keeping a bit of a watch on this area, and reported earlier that credit card … Continue reading

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CFPB to rein in the credit bureaus


Filing a lawsuit may be the only way to get an error on your report removed The Consumer Financial Protection Bureau has been given oversight over the nation’s three main credit bureaus, but you still may have to take matters … Continue reading

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Credit Check Errors Go Unchecked!


Americans are virtually powerless to correct damaging mistakes in their credit reports because of loopholes and obstacles in the federal law governing credit-reporting agencies, an Ohio newspaper reported. The lack of government regulation allows errors that wrongly deny thousands of … Continue reading

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Tools You Need For Repairing Your Credit


For those of you just coming to grips with old bad credit,  here is some good news. SEVEN YEAR LIMIT The Fair Credit Reporting Act requires that the credit bureaus remove any negative credit from your report after 7 years, … Continue reading

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