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. 

A Guide to the Fair Credit Reporting Act

The Fair Credit Reporting Act, more commonly referred to as the FCRA, is the federal statute that was enacted to protect consumer rights in the credit reporting industry.  This law is a consumer minded statute that ensures accuracy and fairness in reporting and dissemination of your financial information.  The FCRA specifically outlines consumer rights but also sets guidelines for creditors, lenders and consumer reporting agencies. Read More...

New FICO Scoring Model to Save Us from Medical Collections

As a consumer, understanding your FICO score is a useful tool to improving your credit.  FICO is the most common credit scoring model used by creditors and lenders to make a decision on whether or not to lend you money.  Because the lending industry is constantly changing, your FICO score needs to evolve too.Read More...

Checking Account Credit Reporting Agencies

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.  Read More...

Everything You Need to Know about your Free Credit Report

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.Read More...