Credit Report Errors are Serious. A Consumer Credit Lawyer Can Help.
Your credit report impacts your life in ways large and small. That’s why a consumer credit lawyer will sue on your behalf when credit bureaus or information furnishers run afoul of the law.
Negative information in your credit report can mean the difference between being hired or passed over, renting an apartment or scrambling to find housing, and obtaining an insurance policy or being denied. Obviously, it can also determine whether or not you can obtain credit, whether in the form of a credit card, personal loan, or mortgage.
What you may not realize is that, even if you are able to obtain credit, your credit report largely determines the interest rate you’ll pay. That may not seem like a big deal for something like a credit card, but for something like a mortgage, credit report errors can cost you tens of thousands of dollars over the lifetime of your loan. Research estimates that between 70% and 80% of credit reports contain errors, and 25% to 30% of credit report errors are serious enough to influence a person’s ability to get credit or get decent interest rates. That’s why a consumer credit lawyer is committed to getting justice when credit report errors are impacting your life.
When a debt collection agency, creditor, or other information furnisher messes with your credit report, it can undermine your financial future. It’s important to fight back. With the help of a consumer credit lawyer, you can file a federal lawsuit for violations of the Fair Credit Reporting Act (FCRA). You can receive actual damages, or between $100 and $1,000 – whichever is more. In addition, you can receive punitive damages and attorney fees for egregious credit report errors.
If you believe your credit has been damaged due to violations of the FCRA, or if you have persistent credit report errors, the legal team at Debt & Credit Lawyer will provide you with a free case evaluation, and will represent you with zero out-of-pocket cost if your rights have been violated.
In addition to the FCRA, you have rights under the Equal Credit Opportunity Act. This law mandates that creditors tell you why you were denied for credit – but only if you ask. Once you know the reason, you’re entitled to give the creditor additional information – and the creditor is required to consider it.