Larry Smith
May 14, 2019
The use of credit reporting from the three main credit bureaus, Trans Union, Equifax and Experian by financial institutions has been in play for decades. As we have written on our blog, there are many other types of consumer reporting agencies that provide information that is governed by the Fair Credit Reporting Act. There […]
Larry Smith
May 8, 2019
Over the past several years, consumers have seen a rapid increase in identity theft. It can be argued that it is the fastest growing crime in America with almost 7% of adults experiencing some form of identity theft this year. Identity theft happens when someone uses another person’s information, such as their name, social security […]
Larry Smith
April 22, 2019
Your credit score is an important factor that can affect your ability to buy a home, get a loan, open a credit card, receive a good interest rate and even get a job or insurance. When considering your credit score, you should be aware that there is more than one score and there is more […]
Larry Smith
April 8, 2019
What is a FICO Score? Just when you feel it is hard enough to understand your credit score, FICO, the most widely used and most well known credit scoring model has introduced a new credit scoring system, referred to as FICO 8. FICO, or Fair Isaac Corporation, is the company that analyzes your credit information […]
Larry Smith
March 27, 2019
What Happens When a Background Report for a Job Application Picks Up A Conviction Greater Than 7 Years Old? Here’s the scenario: You go in for a job interview and the application asks if you have been convicted of a crime in the past 7 years. Maybe you have a record, but it dates back […]
Larry Smith
March 14, 2019
After disputing inaccurate information on your credit report, can the same account or trade line be reinserted without notice? Under the Fair Credit Reporting Act (“FCRA”), the federal statute that was enacted to promote accuracy, fairness, and privacy of consumer information contained in the files of the credit reporting agencies, there are very specific procedures […]
Larry Smith
March 13, 2019
I am completely satisfied with the work that your firm provided. The resolution is better than best case from our initial conversation. I am copying Andrew Wilson on this, because he did an outstanding job keeping me informed and talking me through options during the negotiations. I truly appreciate his efforts in this. I will […]
Larry Smith
February 28, 2019
Social media is the interactive means of communication where you can share with your information, ideas, and self-expression with the world. It is a way to stay connected with people both near and far. But what you may not realize is that social media accounts may also be used to make lending decisions based on […]
Larry Smith
February 28, 2019
Employers conducting background checks of employees or prospective employees need to be aware of the the Fair Credit Reporting Act (“FCRA”) and its protection of their consumer reports. In 2013, when the FCRA was amended, employers were given additional responsibility to obtain permission and to perform follow-up prior to requesting a consumer report. An employer […]
Larry Smith
February 28, 2019
Your credit history and credit report determine what you are financially eligible to receive in credit and loans. Knowing what is reported on your report and an awareness of the law will ensure you have the financial opportunities you are entitled to and worked so hard to get. The Fair Credit Reporting Act (“FCRA”) is […]
