Re-insertion of Disputed Information on your Credit Report

Often, a consumer will dispute something on their credit report and successfully get undesirable information removed from their report. However, sometimes that item will get re-reported to the credit bureaus and re-inserted into credit reports.  Sometimes it’s the same creditor or collector, but sometimes, it happens when a third party buys the debt and begins reporting […]
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Protect Yourself From Identity Theft

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 […]
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So Many Credit Scores – How do Consumers Manage?

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 […]
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FICO vs. FICO 8

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 […]
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Reinsertion of an Old Account on your Credit Report

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 […]
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Social Media and Its Influence on Lending Decisions

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 […]
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Looking to Purchase a Home in 2019? Time to Clear Up your Credit

Buying a new home is more than likely the biggest purchase you will make in your life. While experts say that nearly 1/3 of homeowners have no mortgage loan, the remaining 2/3 need to make sure their credit is in tip-top shape to get the best mortgage rates available to them. Mortgage companies are relying […]
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The 6 Most Common Fair Credit Reporting Act Violations

While the list of Fair Credit Reporting Act (“FCRA”) violations may seem endless, below is a list of the most common violations in no specific order. 1. Reporting inaccurate information Creditors can only report information to the credit reporting agencies (“CRAs”) that is accurate and may be liable under the FCRA for failure to do […]
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