People Come First At Our Consumer Rights Law Firm
When it comes to debt collection, most consumers are aware that once the constant phone calls and letters start coming, it is not the original creditor attempting to collect on your debt. When you fail to make payment on your debt for an extended period of time, companies usually send the debt to a collection agency to collect for them…
While its acceptance of complaints is fairly new, The Consumer Financial Protection Bureau (“CFPB”), stated this month that debt collection complaints rank Number 2 on its list. Despite only accepting complaints beginning in the summer of 2014, debt collection has soared to the top of the list, falling just below mortgage servicing complaints. The CFPB, the agency responsible for consumer…
Most consumers are aware that they have a credit report specific to them that tracks their credit history. This report is prepared by a credit bureau and used by lenders and employers when determining a consumer’s creditworthiness. These reports include essential information including personal data, current and previous addresses, social security number, employment history, financial data, credit card accounts, loans,…
In a recently filed class action case, Sgouros v. Trans Union LLC, plaintiff Gary Sgouros, claims he was misled by Trans Union’s website when he purchased a credit score and a consumer credit report. Under recent amendments to the Fair Credit Reporting Act (“FCRA”), every consumer is entitled to one free copy of their credit report per year and according…
As we move through the second month of 2015, the Better Business Bureau (“BBB”), the nonprofit organization focused on establishing trust within the marketplace, has stated in a recent report that it is still focusing its efforts on fielding complaints from consumers regarding the debt collection industry. While it shouldn’t come as a surprise, the BBB states in its report…