For many people, their credit score is an important part of their life, and for others, they don’t realize how much a poor credit score can affect their daily lives. Sadly, any significant change in one’s credit score can have devastating consequences. Mistakes on a credit report could lead to denial of a loan, increased…
It’s Emanwel Turnbull, attorney at the Holland Law Firm, P.C. – I’m writing this special blog post to tell you about my encounter with a little-known consumer reporting agency: Telecheck. If you’ve heard of Telecheck, you know it’s a service that scans and deposits checks for businesses. Some businesses that accept personal checks will scan…
Filing for bankruptcy is meant to provide a fresh start for people in a bad financial fix. It does so by wiping out debts and banning creditors from collecting them. But how does bankruptcy on a credit report affect your life? Bankruptcy on Credit Reports Bankruptcy on credit reports can show up in basically two…
One-third of Americans have discovered mistakes on their credit reports, according to a new Consumer Reports investigation. This figure is startling and alarming, especially considering how much a credit score can affect one’s quality of life. Credit report errors can have an immediate and devastating impact on people’s lives. Credit scores are used to determine…
2020 was a tough year for governments and consumers alike. In a year full of difficulties in all walks of life, it’s no surprise that consumer complaints regarding credit reporting errors doubled the amount recorded in 2019! In 2020, consumers filed over 280,000 complaints about inaccuracies and errors on their credit reports with the Consumer…
Today, it’s of the utmost importance to have a respectable report/record of your life’s transactions to further yourself for tomorrow. What do we mean by this? Almost all business dealings, financial transactions, and applications anyone participates in rely heavily on a record of past dealings. You cannot apply to colleges without an academic transcript. You…
Credit reports contain your credit history, status of various credit accounts, information about loans, debt, and more. Credit reports also contain a credit score that represents your “credit risk” (aka how likely you are to make payments back to a lender on time). The “big three” credit reporting agencies are Experian, Equifax and Transunion. In…
1. It’s Less About the Debt and More About You 2. Know and Show Your Debt Click HERE to Learn More About Debt Collection Lawsuits 3. Address Your Debts Debts, regardless of their source, are less of a problem if you admit to them and address them. If you do owe money, be prepared to show that you have…
Many people make the mistake of not providing enough information or enough documentation. Here is a list of the top five mistakes we see. Read more
In 2017, the three largest Credit Reporting Agencies – Experian, Equifax and Transunion implemented some changes to what “public records” they report, according to a Consumer Data Industry Association (CDIA) press release. “Public Records” means information obtained from courts and other public entities. This includes bankruptcies, tax liens and judgments. Read more
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