If anything at all on the collection is inaccurate, make a note and demand that the information be updated, or otherwise the collection should be removed. Sometimes when creditors go back to look at collections, they can’t validate them, and then they’re required to remove them entirely. This fact also
Operators of Bogus Credit Repair Scheme Settle FTC Charges
Scammers Will Be Banned From Credit Repair Services Industry, Subject to a $2.4 Million Judgment The operators of a bogus credit repair scheme that allegedly tricked Spanish-speaking consumers into paying thousands of dollars each to supposedly improve their credit will be banned from offering credit repair services and subject to
West Virginia Homeowners Associations Found to be Debt Collectors
In West Virginia, homeowners associations (HOAs) now need to worry about how they go about collecting delinquent fees. If HOA debt collection efforts do not comply with the West Virginia Consumer Credit and Protection Act (the WVCCPA), an HOA could face a civil suit and steep penalties. The Supreme
12 States Where Employers Can’t Check Your Credit
The vast majority of employers don’t check prospective employees’ credit. Still, it’s something many consumers worry about. It’s a good idea to review your free annual credit reports before applying for jobs to make sure they’re free of inaccurate information (here’s how to dispute errors) and that you can explain
At FTC’s Request, Court Shuts Down Credit Repair Scam That Impersonates FTC
Scammers Make Impossible Promises, Target Spanish-Speaking Consumers At the request of the Federal Trade Commission, a federal court has halted the operations of a company that calls itself “FTC Credit Solutions.” The company allegedly used false affiliation with the Commission to market bogus credit repair services to Spanish-speaking consumers. In
FDCPA Lawsuits Outnumber FCRA Lawsuits 4 to 1 in 2014
The final 2014 FCRA (Fair Credit Reporting Act) and FDCPA (Fair Debt Collections Practices Act) complaint stats are in. FCRA complaints remained steady compared to 2013 with 2,327 in 2014. FDCPA complaints dropped slightly from 2013 with 9,720.
FTC Names Two New Defendants in Phony Debt Relief and Credit Repair Scheme
Two new defendants have been named in a Federal Trade Commission case against a phony debt relief and credit repair scheme that allegedly deceived consumers about non-existent federal programs to pay off their bills and fix poor credit. The case was originally brought in August 2014 against the unnamed operators
Court Order Bars Credit Repair Company from Misleading Credit Bureaus, Charging Consumers Up-Front Fees for Its Services
RMCN Will Pay $400,000 for Violations Alleged by FTC A Texas-based company owned and operated by a husband and wife team has agreed to settle Federal Trade Commission charges that it violated federal law by lying to consumer reporting agencies, often referred to as “credit bureaus,” and charging consumers up-front
Huge Fair Credit Reporting Act (FCRA) Verdict Against Equifax Shows Potential Costs of Failing to Protect and Correct Consumer’s Credit History
Last week an Oregon jury awarded an individual plaintiff over $18 million in compensatory and punitive damages in what some sources have reported to be the first jury verdict in a case brought under the Fair Credit Reporting Act (“FCRA”), 15 U.S.C. § 1681a(c). The plaintiff, Julie Miller, discovered problems