Credit Report Problems

Credit Report Problems

The Fair Credit Reporting Act in West Virginia

West Virginia does not have a statute that directly relates to credit reporting or provides any extra protections to consumers with credit report problems.  However, West Virginia does have a statute that would protect co-signers of loans from having their credit harmed without knowing that the primary obligor failed to pay.  The law provides that no person shall be held liable as co-signer, or be charged with personal liability for payment in a consumer credit sale, consumer lease or consumer loan unless that person, in addition to and before signing any instrument evidencing the transaction, signs and receives a separate notice which clearly explains his liability in the event of default by the consumer and also receives a copy of any disclosure.  This could protect a consumer whose credit was damaged without knowing that a person they co-signed for failed to make payments.

Contact SmithMarco, P.C., Today

If you have an error or inaccurate information on your credit report, there are actions that you can take. Contact SmithMarco, P.C., today for a completely free case review.