Know Your Rights

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Welcome to the Protecting Consumer Rights Blog...

You have rights when a debt collector is pursuing you. SmithMarco, P.C., has over 30 years of combined experience practicing law protecting the rights of consumers around the country.

Contact us for a free case review to determine if your Fair Debt Collection Practices Act rights were violated. 

The 5 Most Common Credit Report Dispute Mistakes

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.Read More...

There is Not Just One Credit Score

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.Read More...

Know the Truths about Credit Reporting

Reading and understanding your credit report can be a little confusing.  Credit reports are filled with all kinds of information and there are multiple versions.  Knowing how to read and understand your report is essential to your well-being…getting loan approval, credit cards, utilities and finding employment.  An easy way to understand your report is to know the truths about credit reporting.Read More...

Responsibilities of Creditors under the Fair Credit Reporting Act

Federal Courts have declared that furnishers of information must conduct a reasonable investigation into a consumer dispute, just as is required of the credit reporting agencies.  In Hinkle v. Midland Credit Management, Inc. the plaintiff sued the collection agency for failing to conduct a reasonable investigation into her dispute regarding its accounts on her credit report.Read More...