Fair Credit Reporting Act
The Fair Credit Reporting Act is a federal law that regulates the use of consumers' credit information. The Fair Debt Collection Practices Act outlines consumer credit rights in America. Creditors are not allowed to falsely report any information on your credit report and if they do, you have a right to bring a lawsuit against them with the help of a skilled bankruptcy attorney. Consumer reporting agencies such as Equifax, Trans Union and Experian sell your credit information to creditors, employers and other businesses. The information contained in this report can determine whether or not you are able to take out a loan, open a credit card and even where you are going to live.
How the Fair Credit Reporting Act Protects You
The Fair Credit Reporting Act is meant to protect consumers by demanding that consumer reporting agencies furnish accurate information to those who are inquiring. These agencies have been known to make it extremely difficult to correct errors on your credit report which is unfortunate because these reports can play a large role when trying to obtain a job, home, car or insurance. Due to the fact that credit reports can have such a big effect on your life, it is important to correct any errors on your credit report.
An attorney from Schottler & Associates can guide you through the credit correction process from writing the dispute letter to correcting the error. It may even be necessary to pursue litigation in a court of law in order to correct the problem. This can usually be done on a contingency basis where you pay no legal fees unless we are successful in the case.
We understand that having errors on your credit can be frustrating and upsetting. Call us today to find out what you can do to get your credit back on track. Schottler & Associates has helped countless clients correct their credit reports and reclaim their futures.
Contact an Attorney from Schottler & Associates today to find out what you can do about credit report errors.