Fair Credit Reporting Act (FCRA) Attorneys

Your credit score is one of the most critical elements in achieving financial independence. It directly impacts your ability to secure a mortgage, finance a car, or apply for new credit cards. Maintaining a healthy credit score is vital to avoid roadblocks that could hinder your financial progress. It’s equally important to remember that your credit report plays a role in background checks for employment, as many industries now integrate credit reporting into their hiring processes. Keeping an eye on your credit health ensures that you can move forward in life with fewer obstacles.

Unfortunately, anyone can become the victim of credit reporting errors that may restrict access to credit or even affect employment opportunities. These errors can stem from various sources that are outside your control, including:

Frequently Asked Questions About Errors in Credit Reports

Q: What are some of the most common examples of errors related to consumers’ credit reports?

A: There are many types of issues you may encounter related to your credit report. For example, your report may show accounts or creditors that do not belong to you; late payments; unpaid balances; default, charge-offs or settlement information that is inaccurate or incomplete; fraudulent behavior caused by identity theft;; and other issues that could materially impact your ability to obtain and use credit. A skilled credit report attorney can help you fight these types of violations and clean up your credit report.

Q: Are there credit reporting laws that protect consumers in these situations?

A: Yes, there are laws in place to protect consumers from the potentially negative consequences of errors on their credit profiles. Credit reports fall under the Fair Credit Reporting Act (FCRA,) which was designed to promote accuracy, fairness, and privacy of data that is collected and used by the credit bureaus and financial agencies. This law impacts the credit reporting agencies and financial institutions or other entities that provide information to the reporting agencies. If you were harmed by a credit reporting error, you may be entitled to compensation under the FCRA.

Q: What should I do if there is an error on my credit report?

A: First, it is important to review your credit reports periodically to ensure the information they contain is accurate and complete. You can request one free credit report from each of the three major credit bureaus — Equifax, Experian and TransUnion — once each week. If you find errors on your report, contact Stein Saks PLLC

Why Work With an Attorney to Fix Credit Report Inaccuracies?

Working with a Fair Credit Reporting Act lawyer to fix errors in your credit report can help you through a stressful situation. Your credit report attorney can help you restore your credit profile and fight against your creditors and/or the credit bureaus on your behalf to remove inaccurate information and correct errors. an experienced attorney can be an invaluable resource, holding the credit reporting agency or financial institution accountable for its actions.

The FCRA attorneys and staff at Stein Saks, PLLC understand how credit report laws work. We have helped many consumers fix errors on their credit reports. We help clients defend and correct their credit reputations. If you believe your credit report contains errors, contact Stein Saks, PLLC to schedule a free consultation with an attorney.