Quickly Fix Credit Report Errors
Don’t let credit report errors hold you back. Our attorneys help you take charge of your credit and protect your financial future.
Credit Report Errors Client Success Stories
I hired Stephenson Law Firm to get rid of the fraudulent accounts that had opened under my name, he achieved this on the first go around 100%! I had been fighting some of the same accounts for years. My credit score was now the best it has been in over 10 years.
This is the first time I have ever had to hire an attorney, Stephenson Law Firm always kept me informed of what was going on. I appreciate all they did on my behalf, and would definitely hire them again.
Identity Theft Representation
Stephenson Law Firm quickly and completely cleared up all of the fraudulent accounts on my credit reports and prevented more fraud from occurring. They even got a new inquiry removed that happened while we were working the others cleared up.
Incredible Powerhouse Attorney
Wow, I am so fortunate to have found Eric Stephenson. He is clearly the best in his field and absolutely dominated my case. It was tremendously satisfying to watch him decimate the other side.
What is prohibited by the FCRA?
The Fair Credit Reporting Act (FCRA) protects private information collected about consumers by credit reporting agencies such as credit bureaus, medical information companies, and tenant screening services. It prohibits certain acts including:
- Reporting outdated or incorrect information
- Sharing or disclosing inaccurate information
- Failing to correct errors on a credit report
- Reporting information that they know or have reason to believe is inaccurate
- Retaliating against consumers for exercising their rights under the FCRA
- Obtaining a consumer report under false pretenses
- Disclosing a consumer’s credit report without a permissible purpose
- Reporting medical information without consent
- Including information about bankruptcy that is more than 10 years old
- Failing to provide the consumer with a copy of their consumer report upon request
Special Credit Report Problem Situations
Under the Fair Credit Reporting Act, information in a consumer report cannot be provided to anyone who does not have a permissible purpose specified in the Act. Companies that provide information to consumer reporting agencies also have specific legal obligations, including the duty to investigate disputed information. Users of the information for credit, insurance, or employment purposes must also notify the consumer when they take an adverse action on the basis of the credit reports. Here are a few special credit problem situations we can fix.
Accounts Discharged in Bankruptcy
Accounts discharged in bankruptcy should not be reported as still having a balance owed. We can remove these accounts and make the credit reporting agencies pay you if they don’t delete or correct the listings in a timely manner.
Identity Theft, Credit Card Fraud, and Mistaken Identity
We can permanently remove fraudulent accounts in as little as a few days. Your credit score does not have to drop from accounts you are not responsible to pay.
Unauthorized Credit Pull
The FCRA requires parties to have a permissible purpose to pull your credit reports. We can hold those accountable who obtain your credit information illegally without that required permissible purpose.
Fair Credit Reporting Act Damages Awards
You may be entitled to compensation. For example, the FCRA provides for the following damages:
- Economic damages: Economic damages arise when a consumer suffers a financial loss as a result of inaccurate or incomplete information on their credit report. This includes credit denials, higher interest rate charges, and denials of employment or housing. Additionally, consumers are entitled to compensation for any expenses they incurred while trying to correct errors on their credit report, such as fees for credit monitoring or legal representation.
- Non-economic damages: Non-economic damages refer to damages that are not directly tied to financial losses. Non-economic damages includes emotional distress, humiliation, invasion of privacy, and damage to reputation.
- Statutory damages: The FCRA provides up to $1,000 in statutory damages for wilful violations.
- Punitive damages: Punitive damages are rarely awarded in FCRA cases, but may be in cases where a company’s violation of the FCRA is particularly egregious, intentional, or reckless. Punitive damages deter similar behavior in the future. They are meant to punish the company and send a message that such behavior will not be tolerated.
Be our next success story!
Don’t be a victim of credit report errors or false credit reporting. As a true fair credit litigation firm we fix credit report errors quickly. Contact us now for FREE to see how we can help.
More Client Reviews
“Mr. Stephenson was very helpful! He made the process easy and stress free, even got results in perfect timing! He always kept me updated on everything going on and saved me from extreme amounts of stress!
Definitely would recommend!”Aspen
Fast, efficient, and professional
“Got to work immediately and left no stone unturned.
Very cordial and willing to go the extra mile, and the results could not have turned out better.
Will definitely hire again in the future.”Anonymous
Done done and done!!!!
“I was the victim of a very difficult situation with identity theft.
Long story short we won a very handsome settlement from the creditors and collectors!”Michael
Fix Credit Report Errors to Protect Your Financial Future
Fix credit report errors to save money and simplify your life. Credit report errors can be costly, impacting your ability to secure loans or mortgages, and even preventing access to lines of credit. But the consequences can extend further, affecting your chances of obtaining employment or securing insurance.
The good news is that the Fair Credit Reporting Act (FCRA) safeguards consumers whose credit reports contain erroneous information. Thankfully, it also provides various ways to fix credit report errors. The FCRA requires consumer reporting agencies to report accurate information and correct disputed errors. By taking action and disputing inaccurate information, you can protect your credit and your financial future.