Have you been denied a credit application due to a false credit report and do not understand why? Have you looked up your credit score and found out it was much lower then you anticipated it would be? If this is the case, you may be the victim of one or multiple credit reporting agencies spreading false and inaccurate information about your credit history.
Credit reporting agencies are used by every major industry to determine if a person is going to be approved to take out a mortgage, rent a place to live, take out a credit card, buy a car, and even get a job. When a credit reporting agency creates a false credit report, it spreads that information like wildfire affecting every facet of the consumer’s life. Making matters worse, when one credit reporting agency spreads false and inaccurate information, it is usually picked up by the others, multiplying the amount of damage a false credit report does to your life.
Through the Fair Credit Reporting Act, you have the right to bring an action against every one of the credit reporting agencies that have spread this faulty information.
The Fair Credit Reporting Act requires credit reporting agencies to follow reasonable procedures to assure maximum possible accuracy of the information concerning the individual. Under the Act, you have a good deal of rights you can exercise:
We all understand the importance of good credit. Whether it is a mortgage for a new home, a loan in an emergency, or even a new job, we pay our bills on time so that when we need it, our credit applications are approved. This is why the Fair Credit Reporting Act ensures that consumers who have suffered the negative consequences of an unfair and inaccurate credit report have the right to seek justice and be compensated in court.Back To All of our Blog Stories A