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
Most Americans own a Smartphone. We use Smartphones for everything from posting to social media to email and mobile banking. Some of our most personal and private information is accessed and sometimes stored on our Smartphones. While most Smartphones have … 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
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
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
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
Experian has recently announced that its creating a new credit scoring system to help people who live off the financial grid. These are people who cannot traditionally obtain bank loans. Experian’s new credit scoring system would consider a variety of … Continue reading
Does your generation decide your debt or credit score? The credit reporting agency Experian has completed a trend study on the four generational age groups regarding debt and credit scores. The results just may surprise you, and prompt you to … Continue reading
Experian, a major credit reporting agency experienced a small, but substantial glitch in its reporting system recently, reported MSNBC.com. When reporting the credit history of HSBC credit card holders, Experian apparently reported just the first 2 digits of the credit … Continue reading
Your Problem: You have errors on your credit report. Most errors on credit reports are not good ones. Over 80% of credit reports contain errors and most of those are serious enough to depress one’s credit score. Your Solution: Send … Continue reading
I just read Denise Richardson’s book, Give Me Back My Credit, this weekend. You probably never heard of Denise because she is not a professional author; rather she is a working person like the rest of us. She is a … Continue reading
Mortgage lenders no longer have to pull a second credit report before closing on a loan, according to Fannie Mae. The practice of using two credit reports began in June 2010 with the start of Fannie Mae’s “loan quality initiative.” … Continue reading
Due to a shrinking economy and a lack of jobs, many families are finding that bills they once handled easily are now out of control. Some of these debts land on credit reports, affecting credit scores and pushing down credit … Continue reading
Google “free credit report,” and you’re likely to turn up all kinds of web sites such as credit reporting agencies offering you a look at your credit report and/or credit score. What these agencies may not tell you, however, is … Continue reading
By now, everyone has heard the CEO of Lifelock announced his social security on radio and television as he taunts would be identity thieves. Lifelock GUARANTEED that if you signed up with them, that your identity would be impenetrable to … Continue reading
An article recently appeared in the Detroit Free Press about a couple who trade in their recreational vehicle with what they thought was a sound dealer. Indeed, Walt Michal’s RV has been around for a long time, dealing in RVs. … Continue reading
MICHIGAN CONSUMER CREDIT LAWYERS
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