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Wells Fargo FINED $185 million for opening bogus accounts

We usually think of banks as conservative, upright corporate citizens simply doing their best to screw the public.  Far fetched?  Not today.  http://www.usatoday.com/story/money/2016/09/08/wells-fargo-fined-185m-over-unauthorized-accounts/90003212/ The Consumer Financial Protection Board has fined Wells Fargo $185 million for trying to boost up its … Continue reading

Credit Repair Professionals newest resource ACRED.info

If you are a credit repair professional, come join ACRED.info. It stands for “Attorneys and Credit Repair Experts Dialogue.” We work with credit clinics to teach them the law and best practices for helping consumers better their credit scores. Learn … Continue reading

Did Bank of America Forgive Your Loan and Screw Your Credit?

Bank Of America Letter to customer with name and date redacted. These letters encourage consumers to seek debt forgiveness, which can have negative repercussions for their credit and financial well being long term

Chances are that Bank of America has damaged your credit by reporting this debt as past due. This debt was forgiven. Bank of American should not be reporting anything outstanding since the debt was forgiven. We filed several lawsuits against … Continue reading

A single charge off is now multiple charge offs and they are killing your credit score.

credit report

The credit reporting agencies and lenders, in the last few years, have picked up a new trick designed to hurt you.  They are turning single charge offs into multiple charge offs.  They take a singular charge off and report it … Continue reading

5 things to look for when hiring Credit Repair Company

credit report

Credit repair companies have gotten a bum rap from just about everyone from Congress to states attorneys general to Yelp.  The industry has received these black eyes from some bad apples in the bunch, no doubt.  Unfortunately, these few had … Continue reading

How to keep safe from Identity Thieves

Identity thief

Identity thieves are running rampant in the United States. They used to target individuals only, but in recent years, have set their goals much higher. Just ask Target, Blue Cross and even United State Department of Office of Personnel Management. … Continue reading

Breaking News – Michigan Consumer Credit Lawyers obtain Finding against Xerox Education Services for Willful Violation of the Fair Credit Reporting Act.

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Michigan Consumer Credit Lawyers (“MCCL”) obtained a ruling against Xerox Educational Services in the case of Scharf v Xerox Education Services, (Docket no 5:14-cv-14322 USDC – Michigan) that it had willfully violated Ms. Scharf’s rights under the Fair Credit Reporting … Continue reading

How We Can Fix Your Credit For Free

We can get errors removed from your credit report for free. Using the Fair Credit Reporting Act (“FCRA”), our credit repair lawyers can fix your credit for free. We will write the appropriate letter to the credit reporting agencies to … Continue reading

Is your credit repair company doing EVERYTHING it can to help you?

You should ask them and find out.  Ever since Experian has been sending out its “suspicious request” response letters, I have been flooded with calls and contacts from credit repair organizations around the country.  I have been telling people that … Continue reading

What Credit Repair Organizations should know about when credit reporting agencies may decline to investigate their dispute letters?

Credit repair organizations (“CROs”) have a pretty bad reputation.  Well, some of them do and it’s enough to really tarnish the entire industry.  Hell, Congress had to step in and create the Credit Repair Organization Act that severely regulated these … Continue reading

Experian is getting slammed with new law suits for refusing to investigate consumer disputes with “Suspicious Request” letters.

If  you have something on your credit report that does not belong to you, the Fair Credit Reporting Act requires you to send a dispute to the credit reporting agency, such as Experian, Equifax and Trans Union (“credit reporting agencies” or … Continue reading

Yes, the Telephone Consumer Protection Act protects all of us!

OK, so every now and then a runaway verdict makes headlines.  In this case, Time Warner cable is required to pay $230,000 to a consumer for making 153 robocalls to him.  This may be one such case or, may be … Continue reading

Got Junk Faxes? Get paid by the advertiser! They are probably near you.

Junk faxes are the bane of most businesses that have fax machines.  Heck, in my home fax was deluged with faxes from advertisers that I never asked for or wanted.  Enter the Telephone Consumer Protection Act (“TCPA”). The TCPA is … Continue reading

Payday Scammer finally has what he has coming to him….an Indictment

Adrian Rubin of Jenkinstown, PA has been charged with Racketeer Influenced and Corrupt Organizations Act (RICO).  From 1998 to 2012, Rubin has been involved with multiple businesses that make usurious loans commonly known as “Payday Loans.”  He allegedly attempted to … Continue reading

Ways that your credit report can get damaged without you even knowing about it

Everyone in the U.S. who has ever applied for credit or used credit to purchase something has a credit history on file with one or all of the three main credit record agencies: Experian, Transunion, and Equifax. However, many people … Continue reading

Sister Company Arizona Credit Lawyers Launches New Website

An approximate 80 percent of the population have damaged reports. About 40 percent of the population has a lower credit score due to inaccurate information on their credit reports. This inaccurate information happens for several reasons, but the root of … Continue reading

Credit Report Issues worth Disputing

When consumers review their credit reports, they are often amazed by the inaccuracies being reported yet confused by what should be disputed. At first glance, people may become horrified to notice misspelled names, outdated addresses or strange inquiries to view … Continue reading

Sixth Circuit reverses District Court and asks it to conduct a trial on whether the phrase “Settlement Offer” when used in connection with the collection of an out of statute debt is misleading under the Fair Debt Collection Practices Act.

The Fair Debt Collection Practices Act (“FDCPA”) protects the “least sophisticated consumer” (“LSC”).  The LSC is a hypothetical person with a minimal amount of intelligence.  The FDCPA protects this person. Recently, the Sixth Circuit Court of Appeals had an opportunity … Continue reading

Department of Education has fired several Debt Collectors including Pioneer Credit for sleazy collection practices.

We are the largest filer of FDCPA and FCRA lawsuits in Michigan

The Department of Education has turned a blind eye to the collection harassment and debtor abuse that  debt collectors that it has hired collect student loan debt.  Well, no more.  On Friday, February 27, 2015, it announced that its firing … Continue reading

Identity Theft is still on the rise…unfortunately. Be prepared when it happens to you.

We are the largest filer of FDCPA and FCRA lawsuits in Michigan

According to the Federal Trade Commission, its number one complaint from consumers in 2014, was identity theft.  This crime has been on a meteoric rise since the 1990s.  You can blame computers and the internet for its stellar rise in … Continue reading

Interstate Laws for Debt Collection

The scenario of a debt collector from a Michigan creditor knocking on the door of a Virginia debtor is so surreal that it could occur only in an imaginary situation. In reality, interstate debt collection activities are by remote communications … Continue reading

Where Does Michigan Stack Up Against the Rest of The Country in Identity Theft?

With the accumulating information available on eah person, identity theft has become an increasing threat. Thousands of people a year are affected by this crime. Their personal information is used in a myriad of ways without their consent. Here is … Continue reading

7 of the Largest Identity Theft Crimes

There are many ways to commit identity theft. Unfortunately, identity theft happens every day all over the world. Some of the most popular ways to commit identity theft are filing false tax refunds, medical identity, through credit cards, and even … Continue reading

The FTC had a busy 2014 nailing abusive debt collectors.

We are the largest filer of FDCPA and FCRA lawsuits in Michigan

Since the inception of the Consumer Financial Protection Bureau (“CFPB”), I had expected the Federal Trade Commission to put its proverbial feet up on its desk and collect is federal funds.  After all, the FTC unloaded a lot of the … Continue reading

Common Identity Theft Myths

Identity theft is a real problem that millions of Americans face on a yearly basis. Not only does identity theft lead to severe intrusion into your personal life, but it can have repercussions on your finances too. According to Daily … Continue reading

The FTC’s List of Banned Debt Collectors

Debt Collector on Phone

I thought this was really interesting.  TheFederal Trade Commission keeps a list of Banned Debt collectors.  You can click on links and see the pleadings in each such banned debt collectors case. Today, I learned that one banned debt collector, … Continue reading

Tax Identity Theft – What to do if you are a victim

We are the largest filer of FDCPA and FCRA lawsuits in Michigan

Our office helps people whose identities have been stolen by thieves.  Our credit repair services are limited to fixing credit on credit reports.  We don’t work on tax identity theft. Take heart.  The Internal Revenue Service has a great website … Continue reading

How to Sue a Debt Collector

We are the largest filer of FDCPA and FCRA lawsuits in Michigan

Debt collectors often use unsavory tactics to try to strong-arm debtors into making payments. When there is no money available to make payments, debtors who are being harassed by collectors may be continuously called at home, work or even at … Continue reading

FTC sues Payday Loan Company for selling consumer’s personal information.

We are the largest filer of FDCPA and FCRA lawsuits in Michigan

We don’t hide our utter contempt for Payday Loan Companies.  At Michigan Consumer Credit Lawyers, we think they are scum.  They charge interest rates that no one, who didn’t absolutely need the cash would pay, often in the triple digits.  … Continue reading

What are the Types of Identity Theft Forms I Need to Fill Out?

Similar to adults, thousands of children across the United States are no strangers to identity theft. Thieves often steal social security numbers from children to help them apply for government benefits, obtain a loan or new credit cards, and can … Continue reading

Statute of Limitations on Debt in Michigan

In Michigan, there is a statute of limitations on debt. For some reason, many debt collectors either conveniently forget this fact, or they knowingly pursue old debt illegally. In either case, you have rights. The Official Statute of Limitations on … Continue reading

Credit Repair After Foreclosure in Michigan

If you have gone through a foreclosure in Michigan, chances are that you are incredibly distraught about how it will affect your credit. You are not alone; After sub-prime and adjustable rates for mortgages spiked, many Americans were not able … Continue reading

Child Identity Theft : How Serious Is It?

child-identity-theft

Identity theft is a huge problem for adults – but did you know that it is actually around 50 times more likely for a child to have their identity stolen? This, according to Kenneth Abbey of the Federal Trade Commission, … Continue reading

Don’t Fall for Scam Debt Collectors Frightening Tactics

liar

Scam debt collectors are everywhere and their tactics are downright frightening for most people. Some are threatened with arrest, exposure to employers, or humiliating calls to friends, relatives and neighbors. Every day we receive calls from scared, angry consumers in … Continue reading

Not Checking Your Credit Reports? It Will Cost You!

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We all know how important credit reports/scores are to our daily lives. They determine whether we can buy our dream home, lease a car, or even get a job. But a new study done by the Consumer Financial Protection Bureau … Continue reading

Payday Lender Gets Slapped with $760K Fine by MN Attorney General

Payday Loan Window

  Every day we receive calls in our office by frantic people that have been caught in payday loan land. It all starts with a short term loan that you anticipate paying back on payday. But what most people don’t … Continue reading

Scam Debt Collection Calls Rising

liar

With all of the holiday spending becoming a distant memory, it can be hard for consumers to keep accurate records about finances. Sleazy fake debt collectors are taking advantage of this vulnerability and using it to their advantage. The Consumer … Continue reading

Debt Collectors are Crushing Consumers

person getting crushed

The financial crisis that began 5 years ago hurt a lot of Americans, as millions lost their jobs and homes. As consumers fell behind on their credit cards and other debts, the debt collection industry boomed. In fact, the past … Continue reading

6 Years of Harassing Debt Collector Calls – To the Wrong Guy

frustration

One of the major complaints filed against debt collectors is that they are contacting the wrong person. This is especially true for people who have common names. But for Doug Dansie, this case of mistaken identity has turned into 6 … Continue reading

Van Nuys Debt Collector to Pay $1.1 Million Fine to Settle Charges of Bullying Consumers

Debt Collector on Phone

The Federal Trade Commission continues its crackdown on abusive debt collectors with its latest million dollar victory over a Van Nuys debt collection operation, alleging they bullied consumers and deceived them about fees. The deal stems from a 2011 case … Continue reading

Your New Facebook Friend in the bikini? She may be an Undercover Debt Collector

bikini girl with gun

The newest tactic of sleazy debt collectors involves trickery, deception and pictures of hot bikini babes. Welcome to the world of undercover debt collection, where debt collectors pose as hot young girls in bikinis to get you to friend them. … Continue reading

Debt Collectors – The Worst of the Worst

Debt Collector on Phone

Recently a CNN story highlighted debt collector horror stories. The latest allegations of abuse of consumers include threats to dig up dead relatives, take their children into protective custody and even to kill the family pet. These gross abuses are … Continue reading

60 Minutes Shocking Report – 1 in 5 Credit Reports are wrong

couple

Credit reports: we know we need them to buy a home, secure a car loan or get approved for a credit card. We worry about our credit score and how to raise it. But a new government study conducted by … Continue reading

Kmart Fined $3 Million for Violating Consumer Rights under the Fair Credit Reporting Act

kmart

  The Fair Credit Reporting Act (“FCRA”) is a federal law designed to protect consumers from unfair practices regarding their credit report. A class of more than 60,000 job applicants recently sued Kmart claiming that Kmart did not inform them … Continue reading

The High Cost of Credit Report Errors

couple

You may have seen the recent 60 Minutes newscast about the frequency of credit report errors and how hard it is for consumers to dispute mistakes. Most people understand that your credit report will determine how much interest you pay … Continue reading

Top 5 Reasons to Avoid Payday Loans

Payday Loan Window

Many Americans today are suffering from the financial recession. After years of unreliable job markets, economic instability and dwindling savings accounts, some families are turning to unconventional options to make ends meet. Introducing payday loans. At first glance, they can … Continue reading

Debt Settlement Company Fined $3.3 Million for Deceiving Consumers

punishment

You’ve heard the saying, “If it sounds too good to be true, it usually is.” This was a catchphrase used by the Better Business Bureau to alert the public to shady business practices. And it definitely applies to the most … Continue reading

How to Handle Debt Collection Threats

Debt Collector on Phone

  You’ve seen the stories on ABC News about the fake debt collection scams harassing millions of Americans. These scammers threaten criminal charges, fraud, arrest and prosecution. The word for this behavior – extortion. The scammers have an enormous amount … Continue reading

Consumer Wins Against Stale Debt Collection Lawsuit

The Fair Debt Collection Practices Act (FDCPA) is a federal law designed to protect consumers in the field of debt collection. One of its provisions deals with lawsuits and the age of debt. The FDCPA prohibits a debt collector from … Continue reading

NY Attorney General Defeats Sleazy Debt Collectors, Shuts Down Company

Earlier this year, New York Attorney General Eric Schneiderman claimed a massive victory for consumers by prosecuting two shifty debt collectors in the State of NY. The companies used business names that made it sound as if they were law … Continue reading

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