People Come First At Our Consumer Rights Law Firm
It is that time of year again. Time to organize your taxes and get ready to pay your 2013 tax bill on April 15, 2014. While most consumers spend the majority of their time gathering and assessing what is owed, consumers don’t take nearly the same care to consider their financial well-being. Taking an assessment of your financial health is…
With the start of the new year just about one month behind you, making the decision to address your credit report in 2014 is as easy as requesting a copy of your own. Visit AnnualCreditReport.com for a free copy of your report and keep reading to learn how to understand what is on your report. Reading your report may seem…
Under the Fair Credit Reporting Act (“FCRA”), consumers applying for credit are required to receive notice after being denied. What is an adverse action notice? This notice is to include the reasons adverse action was taken against the consumer as well as the name of the credit reporting agency used to make this decision and a summary of the consumer’s…
Over the past several months I have shared more than a few posts on the Consumer Financial Protection Bureau’s (“CFPB”) proposed rule-making efforts for the 2014 calendar year in addition to sharing information on the trend toward consumers filing fewer Fair Debt Collection Practices Act (“FDCPA”) cases and bringing more Telephone Consumer Protection Act (“TCPA”) claims. The reason for the…
I recently posted information regarding credit scores and the importance of this number as the determining factor of your credit worthiness. How is it possible that three little numbers can determine so much about you…whether or not you are approved for a credit card, whether or not you can buy a car, a home or even rent an apartment. In…
The Better Business Bureau (“BBB”) has recently received numerous complaints from consumers stating they have received debt collection calls from collectors representing themselves as the Federal Bureau of Investigation (“FBI”). Specifically, the complaints state that debtors have been receiving calls with the caller i.d. showing “Federal Investigations Department”. Consumers most often answer the phone believing the call to be coming…
In a recent investigation into the regularly gripped about check authorization companies, the Federal Trade Commission (“FTC”) launched an investigation into the consumer practices of TeleCheck and found that its conduct was in violation of the Fair Credit Reporting Act (“FCRA”). In response to the investigation, TeleCheck agreed to settle the dispute by paying $3.5 million and to alter its…
In a recent post I discussed myths relating to your credit score and touched upon the much heated topic of whether or not employers should be able to review your credit score or even your report. Currently, existing or potential employers are allowed to access your credit file with your express written consent. However, the credit report an employer receives is…
The stress of owing a debt may weigh heavily on your conscious. You may think about how you are going to pay it off or how you are going to put it off, all of which are certainly realistic concerns. Added stress may be caused by a collector’s constant effort at communication, including endless phone calls and collection letters reminding you…
Your credit score is the triple digit number that represents your credit worthiness or in simple the terms the number that determines how likely it is that you will pay back the money you borrow. Lenders, such as banks and credit card companies use your credit score to determine whether or not to lend you money, how much money to…