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 Fair Debt Collection Practices Act attorneys and credit report and background dispute lawyers who can ensure that your rights are protected, that debt collector harassment stops, and that credit and background report errors are corrected depending on your needs. Learn more about some of their trial victories here.
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
Earlier this year, the U.S. Court of Appeals was forced to review a question that had never before been considered by an appellate court relating to the Fair Credit Reporting Act (“FCRA”) and its rules regarding employment background checks. Under the law, employers looking to use an applicant’s credit report to aid in a hiring decision must follow the rules laid out under the Fair Credit Reporting Act.More >
As a consumer, you must be aware of how your credit and credit score can impact your financial worthiness and affect your everyday living. Without good credit you risk paying more for your credit cards, mortgage loans and insurance as well as risk getting a job. Experts say that despite the importance of your credit, only approximately two thirds of consumers have checked their credit in the past year and one fifth of consumers have never checked their credit. Considering that almost 20% of credit reports contain errors, this number is concerning. Checking your credit can save you money and will keep you on top of your finances.More >
Your credit report and credit score are two different things. While consumers often refer to them as one and the same, they really are two separate entities. While both items are related to your credit and financial worthiness, your report is a summary of your credit history and your score is a number assigned to your history based upon a mathematical equation that values certain aspects of your credit history. Many experts refer to your credit report as a report card and your credit score as your grade point average or GPA.More >
If you are in the market to make a big purchase, open a bank account, apply for an auto loan, mortgage, credit card, insurance or even get a new job, then you need to be intimately familiar with your credit report. Your credit report is basically a sales pitch that tells lenders who you are, how you pay or don’t pay and what you owe. The following is an explanation of why your credit report and credit score are so important to your financial well-being.More >
When reviewing a credit report, consumers need a basic understanding of the elements used to calculate a score. When using the Fair Isaac Corporation (“FICO”), the most widely used and well known credit scoring system, there are five different factors used to determine a score with each factor contributing a different percentage to your overall number.More >
If you have ever been denied credit, you might believe that lenders are not upfront about your reasons for denial. A lender must provide written notification when you are denied credit, and that notice must either provide the primary reasons for the denial, or advise you where you can mail in for those reasons. They must provide you a credit score and advise what the major forces are behind that score. Why are some denied credit when they have a seemingly stellar credit report…no late payments, no bankruptcies, etc? While there is no cut and dry answer to this question, there is an explanation as to what lenders may consider a “red flag” or a reason for denial or an offer of credit with unfavorable credit terms.More >
The average consumer has heard of the three major credit reporting agencies, Equifax, Experian and Trans Union. These big three credit agencies are responsible for gathering, storing and reporting your financial information for creditors, lenders, employers and other entities that are allowed to view it. But did you know that there are actually checking/banking account credit reporting agencies that are reporting on consumers as well? Just like the three major credit reporting agencies, these checking account agencies are reporting on your bank account history. More >
Recently, Washington D.C. joined the ranks among other states to pass the Fair Credit in Employment Amendment Act (“FCEAA”). The consumer minded act limits an employer’s inquiries into a job applicant’s credit report for use in making hiring decisions. The basis for this amendment was a belief that credit history cannot be linked to job performance and is not a reliable measure of an employee’s performance. More >
For so many, the New Year is about starting over. A fresh start can include getting your finances in order. To begin this process, pulling a copy of your credit report for free should be at the top of your list. Under the Fair Credit Reporting Act (“FCRA”), the federal statute enacted to protect your consumer rights, you are entitled to one free copy of your credit report a year from each of the three credit reporting agencies.More >