If there is an error on your credit report, it can have a negative effect on your financial future. This is why it is essential to check for credit inaccuracies and have them fixed. If you see an error on your credit report, it could be due to a creditor or a credit reporting agency failing to update your information. You can begin a credit dispute with the credit reporting agency, which can either correct the mistake or investigate it further. It is a wise idea to work with a credit lawyer in Fairfax during this process, as it can be time-consuming and complicated. In some cases, you may end up having to file a lawsuit in order to get your credit report fixed. Check out this infographic from the credit lawyers at Blankingship & Christiano to learn more about getting your credit report updated. Please share with your friends and family.
The Fair Debt Collection Practices Act (FDCPA), which is a federal law, spells out certain consumer rights that protect individuals from abusive debt collectors. If you think that there is a chance you may have been the target of abusive debt collection practices, you might consider talking to a credit lawyer about suing the debt collector in Fairfax. It is important to keep meticulous records of your correspondence with the debt collector. Your credit lawyer will need this information in the event that a claim is filed.
The debt collector has threatened violence or other consequences.
It is unlawful for a debt collector to threaten violent actions against you if you do not pay the debt. Similarly, debt collectors are barred from threatening other dire consequences, such as having you arrested and pressing criminal charges. They may not threaten wage garnishment unless they have already obtained a judgment against you. In fact, debt collectors cannot even threaten to file a lawsuit; however, they can inform you that they will file a lawsuit if they truly intend to do so.
The debt collector has used abusive language.
It is illegal for debt collectors to use profane, obscene, or abusive language when corresponding with you. Abusive language includes hateful language such as racial slurs. If you do encounter abusive language, you can inform the debt collector that you will be recording the conversation.
The debt collector has made unreasonable calls.
Another sign that you have been targeted by an abusive debt collector is that the agency has made numerous calls in an attempt to harass you. There is no set limit on how many times within a certain time period a debt collector is allowed to contact someone. Make a record of each call you receive, along with the date and time. It is left to the discretion of the court to determine if the number of calls constitutes harassment. Similarly, debt collectors are barred from contacting consumers before eight in the morning and after nine in the evening, unless consumers have specifically instructed the debt collectors to call at these times.
Many factors can reflect poorly on your credit trustworthiness, including at least one that is not your fault: identity theft. Identity thieves can open new accounts in your name, accrue significant debt, and, of course, fail to pay back these debts. Since it can be difficult to fix your credit score by yourself, it is advisable to seek counsel from a credit lawyer in Fairfax if you have been the victim of identity theft. A credit lawyer at a consumer credit law firm can advise you and help you restore your credit history.
Aside from identity theft, there are four main things that can adversely affect your credit score. You can hear about them by watching this video, which features a personal finance reporter. She explains the two most significant problems for a person’s credit score and debunks a common myth regarding closing your credit card accounts.
Your credit report rights include the right to dispute erroneous information in your credit reports. Unfortunately, it is not likely that the problem will be corrected in a timely manner and quite often, erroneous information is not corrected at all. This is why so many consumers turn to a credit lawyer for guidance. At a consumer credit law firm near Fairfax, a credit lawyer can explain why the results of the furnisher investigation may not necessarily be accurate.
The furnisher is any entity who supplies information to a credit reporting agency, such as Experian. When a credit reporting agency notifies a furnisher that its information is being disputed, the furnisher is required by law to conduct a reasonable investigation. Unfortunately, furnishers can consider a reasonable investigation to be one that can take as few as 60 seconds. Furnishers then submit electronic responses to the credit reporting agencies. Even when the investigation takes longer than one minute, it is unlikely to result in a favorable outcome for the consumer, since some furnishers do not allocate sufficient resources or training initiatives for the purpose of conducting investigations.