More Michiganders are concerned about improving their credit scores than ever, and that’s a very good thing. Having a bad credit score can prevent you from getting a good interest rate on a loan. It can also cause you to … Continue reading
Not all credit repair “law firms” are the same. It would be nice to think that any company that calls itself a “law firm” would be 100% trustworthy, but this is unfortunately NOT the case. There are well-known credit repair … Continue reading
How should Michigan Consumers Deal with Debt Collectors who try to Stop them from Getting Mortgages?
Michiganders who disagree with any part of an unpaid account that has gone to debt collections can and should file a dispute with the credit bureaus. Once reported, collection accounts can severely damage credit scores. So, if they are not … Continue reading
There are reasons why payday loans are heavily regulated or banned entirely in most states. In Michigan, payday lending is heavily regulated, but the industry still causes a lot of problems in the Mitten State. Cash-strapped consumers living paycheck to … Continue reading
What Michigan Consumers should know about TransUnion’s Willful Violations of the Fair Credit Reporting Act
The courts take violations of the Fair Credit Reporting Act (FCRA) very seriously, especially when they are willful violations. Recently, a federal jury in California awarded $60 million in damages for willful FCRA violations allegedly committed by TransUnion. Related posts: … Continue reading
Smart identity thieves in Michigan know that most smart phones harbor a treasure trove of consumer data. If you’re like most Michiganders, you use your smart phone for communication, entertainment, and possibly transactions. It’s highly likely that you regularly check … Continue reading
Why Michigan Consumers may Want to Know about a Fraudulent Debt Relief Company under Investigation in Florida
Unfortunately, Michigan consumers are no strangers to fraud. Yearly statistics indicate that identity thieves and other types of scammers operate in the Great Lakes State. However, Michigan isn’t alone. Florida, for example, has certainly seen more than its share of … Continue reading
Michigan consumers who want to rebuild a bad credit score can use credit cards to help them reach their goals. They have to be careful though. For many Michiganders, credit cards are what got them in trouble with their credit … Continue reading
Payday loans have been bad news for a lot of Michigan consumers. Payday lenders prey on people who have bad credit or no credit and need money fast. Also, the interest rates attached to these loans are typically outrageous. In … Continue reading
Unfortunately, some debt collectors have been known to abuse their status and take a walk on the sleazy side, and it appears that Equity Experts is just this kind of debt collection agency. A number of consumer complaints have been … Continue reading
Michiganders really love their cars, and, apparently, so does the rest of the country. According to recent data, almost half of the adult population in the U.S. currently has auto loan debt. The fact that consumers have been buying cars … Continue reading
WAS BANK OF AMERICA FORCED TO FORGIVE YOUR HOME EQUITY LOAN? THEY GOT THEIR REVENGE BY DAMAGING YOUR CREDIT!
In 2012, Bank of America reached a $16.65 billion settlement with the United States Department of Justice over its mortgage practices. If you had a home equity line of credit with Bank of America, you may have received a letter … Continue reading
Yahoo was recently hacked and millions of identities were stolen. Was yours? If you are a Yahoo user and are unsure of whether you are a victim of identity theft, here are some tips for you to minimize any potential … Continue reading
In a classic David v Goliath case, Mr. and Mrs. Spanovich sued BMO Harris Bank over a debt that was not their obligation. Despite having sent dispute letters to Experian, Equifax and Trans Union informing them that they no longer … Continue reading
Identity theft is still one of the fastest growing problems in America. It’s not showing any signs of slowing down. As an identity theft attorney, I can tell you that most identity theft that we see happens with one family … Continue reading
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
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
Breaking News – Michigan Consumer Credit Lawyers obtain Finding against Xerox Education Services for Willful Violation of the Fair Credit Reporting Act.
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
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
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
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
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