Protecting Consumer Rights - Presented By SmithMarco, P.C.
SmithMarco, P.C. is a private law firm dedicated to representing consumers and protecting their rights. Managing partners Larry Smith and David Marco have been practicing consumer protection for over 35 years combined, and have successfully defended consumers in thousands of cases. They are experienced debt collection practices act attorneys and credit report and background dispute lawyers who can ensure that your rights are protected, debt collector harassment stops, and that credit and background report errors are corrected depending on your needs.
If you feel your rights have been violated in regards to debt collection, credit report errors, background check errors, consumer fraud, or lemon laws, please do not hesitate to contact us for a free case review or give us a call at 888-822-1777.
Recent Protecting Consumer Rights Blog Posts
With holiday season just around the corner, you have probably noticed an abundance of “pre-approved” credit card offers in your mailbox. But what does this mean? Are you really approved? Can you just start using the card? Should you start using the card? Today, credit card companies use marketing strategies to send out these pre-approved credit card offers to consumers with specific demographics, based on where you live, your age and your credit standing. However, it is important to know that while these offers may seem ideal, the offer is not a guarantee. More >
Consumer debtors can thank the Second Circuit for its ruling in Avila, et al. v. Riexinger & Associates, LLC, when the least sophisticated consumer standard got a little less sophisticated earlier this year. In this Fair Debt Collection Practices Act (“FDCPA”) case the court held that a debt collector cannot presume that a consumer understands the most elementary rules of debt collection.More >
As a responsible consumer trying to build your credit, you apply for a credit card with a low finance rate and you plan to pay off the balance in full every month. After all, one of the first rules of thumb for building your credit is to have a positive credit history. The only problem is, you cannot seem to get approved for a credit card that is desirable. Let’s look into the reasons why. More >
As a responsible consumer, you pull a copy of your credit report annually to review the information and make sure it is up to date and accurate. Studies show that 1 in 5 American consumers have errors on their credit report and need to embark on the dispute process to correct the inaccurate information. Under the Fair Credit Reporting Act (“FCRA”) you have the right to dispute the inaccurate information with the credit reporting agencies, but launching an investigation the wrong way could set you back. Making a mistake is more common than one would think. Below is a list of the top five most common mistakes made during the dispute process and tips on how to avoid them.More >
While there are multiple types of consumer credit scores, there must also be multiple types of credit. Understanding that not all credit is the same is a good way to learn how to maintain a credit report that is in good standing. You must carry a variety of credit to have good credit. In other words, if you only have a few credit cards on your report, even if you make all of your payments on time, your credit score won’t be excellent.More >
Despite what you have been told, a credit card can actually help build your credit. If you are committed to making timely payments every month and keeping your balances fairly low or non-existent, a credit card can successfully build your credit over time. It can lead to better credit offers and more favorable terms with higher limits.More >
Your credit can impact just about everything in your daily life. It can impact the type of car you are able to purchase, the type of home you can buy and the type of job you are able to get. Most lenders base their decision to extend you credit and at what rate on your credit score. Further complicating matters, not all lenders look at the same score and use different credit scoring models to make a decision about your credit worthiness. As discussed in previous blogs, a credit score is what results when your credit report is run through a mathematical equation – or algorithm – and a numerical value is the result. Most consumers don’t know that there are a large number of different algorithms used depending upon the industry.More >
Looking for a job today can be stressful with all of the competition for employment... The thought of a potential employer reviewing your credit report can add to your stress level. Under the Fair Credit Reporting Act (“FCRA”), the federal statute enacted to protect consumers from unfair credit reporting, employers are permitted to review an employee’s or job applicant’s credit report with specific limitations set forth under the law. While an employer is allowed to take a look into your financial history, it is not allowed to violate the law. Over the years several myths have been created about what an employer can and cannot do.More >
If you don’t understand the difference between a credit report and a credit score, you are not alone. While both are a measure of your financial well-being, your credit report is a history report of how you have handled your debts, both past and present, and your score assigns a number to that history. Financial experts compare your credit report and credit score to a report card and grade point average. The report card shows your classes and assigns a grade to each class based on your performance, and the grade point average takes your grades and calculates a number.More >