Recent Blog Posts
How Credit Scoring Models Work
Breaking down the credit scoring models algorithm Most consumers think they have some idea how scoring models work and believe that they have a certain fixed score at any point in time. The truth is that there are dozens of different scoring models and the big three (Experian, Trans Union and Equifax) all use… Read More »
The dirty little secret Equifax, Experian, and TransUnion don’t want you to know about inaccurate credit reports.
Consumer Disputes are Outsourced. Equifax, Experian, and TransUnion all have similar business practices for reinvestigating consumer credit report disputes. The dirty little secret that they do not want consumers to know is that they no longer handle these disputes themselves. Not only do they not actually handle or investigate the disputes, they do not… Read More »
What is the role of a credit report attorney?
Credit repair agencies VS. Legal counsel Credit report attorneys do not engage in “credit repair.” We specifically caution against a consumer engaging a credit repair company that makes false promises of their ability to remove items of credit for an upfront fee. Consumers would be much better served and save money by initiating their… Read More »
You must dispute inaccurate credit information with Experian, Equifax, and TransUnion individually.
Experian, Equifax and TransUnion do not share data The three major national credit reporting agencies (Equifax, Experian, and TransUnion) operate as competitors and independent companies that do not share information. While furnishers of credit information (like banks and lenders) have no obligation to report any credit information to the big three, if they do… Read More »
Inaccurate Wells Fargo Credit Report
Wells Fargo paid more than $3.7 billion to settle claims that it harmed more than 16 million consumers. https://www.wsj.com/articles/wells-fargo-reaches-3-7-billion-deal-with-regulators-over-consumer-banking-11671546132. These violations impacted consumers with auto loans, mortgages, and deposit accounts. According to the Consumer Financial Protection Board, Wells Fargo illegally assessed fees and interest charges on car loans and home mortgages. As a result,… Read More »
Experian Equifax and TransUnion Must Help Service Members With Identity Theft
From 2014 to 2020 military complaints about identity theft have risen 500%. The Consumer Financial Protection Bureau recently issued a report regarding the rising incidence of identity theft affecting service members and their families. The report states that Equifax, Experian, and TransUnion “must be responsive to identity theft and credit concerns of service members… Read More »
Fix inaccurate Equifax, TransUnion, and Experian credit reports
Many consumers are frustrated when they try to correct inaccurate items on their credit reports because it is complicated and time consuming. The best process to fix inaccurate credit reports is to mail credit dispute letters to Equifax, Experian, and TransUnion (not on-line) to dispute and fix inaccurate credit information. When making a credit… Read More »
WHAT TO DO IF YOU ARE HOUNDED BY A DEBT COLLECTOR LIKE MIDLAND FOR A FRADULENT DEBT?
Midland will report your debt to credit Unions Immediately So, you have been contacted by a creditor or debt collector like Midland Credit Management for a debt that is not yours and it seems impossible to keep ignoring it. As frustrating and difficult it may seem to deal with an account that you never… Read More »
Experian Reports Identity Theft Is On The Rise
According to Experian, identity theft is on the rise on a national scale. With rising identity theft claims, consumers bear the burden of proof Unfortunately for consumers, while Experian acknowledges the increase in identity theft, our experience is that Experian allows inaccurate identity theft accounts to remain on a consumer’s credit report. If Experian… Read More »
Exhausted by Identity Theft? Learn How To Report It
Proving identity theft claims is an uphill battle No doubt being the victim of identity theft is a terrifying and exhausting experience, but what most consumers don’t understand is that the deck is stacked against them. You could be the victim of a hack or a loved one has used your social security number… Read More »
