10 Facts to Remember About Your Credit Report

Your credit report, which contains a running list of any credit accounts you hold, is a key component in your qualifications to receive a loan, a mortgage, a new credit card, even getting a job and renting an apartment.  Understanding how your credit report works is as easy as remembering these 10 simple facts so […]
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LinkedIn Sued for Violations of the FCRA (2)

Most LinkedIn users use their profiles as a networking tool when looking to change employment or make new business connections.  Despite its growing success, a group of members of this website have filed suit under the Fair Credit Reporting Act (“FCRA”) alleging that a tool called the “Reference Search” ruined their chances of getting hired […]
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Debt Collection and the Elderly

In a recent newsletter, the CPFB warned Americans about the growing problem faced by the elderly, debt and abusive debt collectors.  Over the past two years, the CFPB has noticed a steady incline of complaints filed by older consumers regarding debt collection.  After reviewing these complaints placed with the CFPB, the most common problem suffered […]
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Collection Agency Deficiencies Found in the CFPB’s Fall Report

This fall, when the Consumer Financial Protection Bureau (“CFPB”) issued its latest report, it was quick to point out that violations are still occurring under the Fair Debt Collection Practices Act (“FDCPA”) and the Unfair Deceptive or Abusive Acts or Practices (“UDAAP”) relating to collection activities.  Regarding debt collection, the CFPB discovered four areas of […]
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Collecting Interest After Charge-Off

When a creditor charges off an account, discontinues sending monthly statements, and stops adding interest on the account, a debt collector that later takes on the account cannot put its own interest onto the account for all the time the debt was charged off.  In Stratton v. Portfolio Recovery Associates, the 6th Circuit ruled that […]
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