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.
Consumers who sue large corporations are always at a disadvantage. Among the many advantages the corporate defendant has is information.
Imagine in typical case. A large mortgage servicer demands money from a consumer. The consumer doesn’t owe the money. Months pass, and no matter how many times the consumer explains, the calls and the letters keep coming.
Judgments have serious consequences. In Maryland they last for 12 years, and are renewable. With a judgment, a creditor can garnish your wages, freeze your bank accounts, get a lien over your home or even seize your car. Sometimes people are surprised to find that there is a judgment against them. So, what can you do?