Tag Archives: lawsuit

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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Experian wouldn’t fix bad credit, and loses huge!


Not fixing a bad credit report pays $18.6 million dollar jury award. This is the recent case of Julie Miller whose credit file was merged and mixed with someone else with the same name.  After numerous attempts and lots of … Continue reading

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Suing The Credit Bureaus? Have A Purpose


Be wise about suing the credit bureaus I’ve had a second email this month about “suing the credit bureaus” because they don’t have proof of the negative credit that they are reporting. Now hold on before you get all worked … 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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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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Industry Wide Failure In Handling Credit Disputes


Many, many folks would like to know exactly how the credit bureaus handle a consumer dispute. The following is testimony before the subcommittee on Financial Institutions and Consumer Credit of the Committee on Financial Services. This excerpt from the full … Continue reading

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Homeowner Forecloses on Bank of America!


Written by Kelly Heffernan-Tabor Collier County, Florida — Have you heard the one about a homeowner foreclosing on a bank? Well, it has happened in Florida and involves a North Carolina based bank. Instead of Bank of America foreclosing on some … Continue reading

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Kafka Couldn’t Have Built a Better System


The credit reporting industry has vast reach and power. The information it gathers and sells is used to determine eligibility for credit cards, mortgages and even some jobs. Federal regulators haven’t had the authority or the means to protect consumers … Continue reading

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Debt Collection Companies Up The Ante


It seems that more and more collection companies are taking their battle to court.  Up to now it was a matter of contacting you and using whatever means necessary to persuade, cajole even demand you pay the debt collector! The … Continue reading

Posted in Consumer Advocate, credit bureaus, credit law, Debt collection, debt collector, Economy, FCRA | Tagged , , , , , , , , , , , , , , , | 2 Comments

The Next Housing Shock!


Are You A Victim?       Mortgage Fraud Grows! If you missed this 60 Minutes piece, it’s a real beauty of investigative work!  Believe me it is worth seeing and letting your friends and associates know about this.  This is a “growing” … Continue reading

Posted in Banks, Consumer Advocate, Economy, Finance, Foreclosure, fraud, investors, mortgages | Tagged , , , , , , , , , , | 1 Comment