Philadelphia Credit Report Error Lawyer

Procedure for Reporting Credit Errors

It is highly recommended that consumers check their credit report on a periodic basis for any credit report errors that may be present. Under § 611 of the FCRA, when the consumer becomes aware of an error on their credit report, the consumer should notify the agency directly, or indirectly through the reseller of such dispute. From there, the credit reporting agency shall, free of charge, conduct an investigation in order to determine if the disputed information is in fact inaccurate.

If the credit reporting agency finds that the information is inaccurate, then the agency is to record the current status as disputed, or delete the item from the file before the end of the 30-day period beginning on the date the agency received the notice of the dispute from the consumer or the reseller. Under certain circumstances the agency may have an extension period of 15 additional days if during that 30-day period, the agency receives information from the consumer that is relevant to the investigation.

Civil Liability: Negligent Noncompliance

Under Section 618 of the FCRA, an action brought against a credit agency in order to enforce liability may be brought in any appropriate United States district court. An action under this title must be brought by the plaintiff within 2 years of the date of discovery of the violation, or within 5 years after the date the violation occurs.

Can a Lawyer Fix Your Credit Report?

If your credit report has errors, an attorney may be able to help you! An attorney will work with you to handle the administrative items in fixing your credit report as well as working with the credit bureau.

Debt Collection Defense Attorney

In the United States, good credit is everything. Having an excellent credit score opens many doors and it makes living life a whole lot easier. Good credit allows consumers to have access to prime credit cards from Citibank, American Express and Bank of America; it allows consumers to get 0% interest auto loans and the lowest rates on mortgages. Since maintaining an accurate credit report is so important, it's absolutely critical that consumers continuously check for any credit report inaccuracies.

Reporting credit inaccuracies is vital to maintaining the integrity of your credit report; however, if the credit reporting agency fails to remove the errors from your credit report after acknowledging its existence within the legally allotted time, then you have legal recourse as a consumer. Credit report problems are not a rare event, unfortunately such errors plague millions of credit reports today.

Without the diligent efforts of the consumer and sometimes their attorney, such errors will remain on the credit report and will continue to weaken the consumer's creditworthiness, essentially costing them a fortune in higher interest rates. In worst case scenarios, such errors can cause lenders to deny the consumer premium interest rates, or they can be denied credit altogether.

As the founding attorney at the Law Office of Michael P. Forbes, PC, I can help clients file credit report error lawsuits against credit reporting agencies for their noncompliance with the FCRA. When reporting credit problems as a consumer has fallen on deaf ears and led you to an impasse, I can step in and get the ball rolling once and for all.