fair credit

The Fair Credit Reporting Act Provides Important Consumer Protections

– Posted in: fair credit
Asset Acceptance to Make Greater Use of Credit Reports When Deciding to Sue

Congress enacted the Fair Credit Reporting Act (FCRA) to provide consumers with important consumer rights regarding the information found in their credit reports.  The FCRA also provides consumers a valuable opportunity to correct erroneous or inaccurate information in their reports. Originally passed in 1970, the Fair and Accurate Credit Transactions Act of 2003 made substantial [...]

Consumers Must File Credit Reporting Disputes with Credit Reporting Agencies, Appeals Court Reiterates

– Posted in: consumer case law
Asset Acceptance to Make Greater Use of Credit Reports When Deciding to Sue

  Essentially, a consumer has no rights under the Fair Credit Reporting Act (FCRA) unless he or she actually disputes an inaccurate credit report directly with the credit reporting agency. A consumer sued a couple of creditors alleging they misreported her mortgage payments to Experian, Equifax, TransUnion, and Innovis, the four largest credit reporting agencies [...]