Recovering Your Losses For Damage To Your Credit
Recovering Losses Due to Damage To Your Credit and When to Get Legal Help for Credit Report Mistakes The first step to dealing with damage caused by inaccurate credit reporting is to pull your credit reports for all three major credit reporting bureaus (Equifax, TransUnion and Experian) It is important to do this with regard […]
CFPB, FTC And Consumer Advocate Groups File Amicus Briefs In Support Of Schlanger Law Group’s Appeal In FCRA Class Action
Schlanger Law Group recently appealed an order dismissing a class action regarding auto leases that were erroneously reported as including balloon payments. The CFPB and FTC as well as numerous prominent consumer advocacy organizations filed briefs in support of our client. The FCRA requires that credit reporting agencies such as Trans Union, are obligated to […]
Do You Need a Consumer Fraud Lawyer? Know When to Call
The Federal Trade Commission (FTC) releases a summary of consumer fraud data each year. In 2022, there was more bad news to report. Based on the number of consumer fraud cases reported in 2021, more Americans may need a consumer fraud lawyer this year than ever before. The FTC receives a variety of reports from […]
Gov’t FCRA Compliance Report: Credit Bureaus “Routinely Failed”
The Consumer Financial Protection Bureau (CFPB) is a government agency that helps ensure banks, financial companies, and creditors treat consumers fairly. As part of this mission, the CFPB enforces the Fair Credit Reporting Act (FCRA) and gathers data about consumers’ credit reporting experiences and credit agency FCRA compliance. A January 2022 CFPB report revealed that […]
Credit Report Dispute Denied? Turn to a Credit Report Attorney For Help
If you have ever applied for a credit card, automobile loan, or other forms of credit, you have a credit report. If you find incorrect information in your report, you can dispute that information. Then, once your dispute is investigated, your credit report should be corrected. However, if your credit report dispute is denied, you may need […]
A Consumer Protection Law Outline: 5 Federal Consumer Protection Statutes You Should Know
According to the Federal Trade Commission (FTC), in 2019, United States consumers reported losing $1.8 billion due to consumer fraud. That number almost doubled in the next year with a reported loss of $3.3 billion in 2020. Most of the fraud involved imposter scams ($1.2 billion) with online shopping creating the next biggest fraud category ($246 million). With so many people falling prey to consumer fraud, and to help educate and empower consumers, […]
What are Actual Damages?
(And Other Possible Consumer Fraud Remedies) Congress has enacted various laws to protect US consumers from personal financial harm. These laws require banks, creditors, and credit reporting agencies to take specific steps when consumer fraud occurs. If creditors don’t follow the law, consumers may be entitled to certain remedies or financial damages including “actual damages.” But what […]
When Do Errors in Your Credit Report Become FCRA Violations?
If you have a credit card, a mortgage, an auto loan, or some other line of credit you have a credit report. The Fair Credit Reporting Act (FCRA) protects consumers from creditors and credit reporting agencies that misreport or misuse credit information or fail to follow certain procedures. Unfortunately, unresolved errors and FCRA violations can cause many consumer problems. The Consumer […]
Family Fraud: When Your Identity Thief is a Relative
When most people hear the words, “identity theft” they conjure up images of someone in a distant location, randomly searching the internet for credit card and bank accounts to hack, or perhaps someone stealing their mail. While these scenarios are not uncommon, another category of identity theft—fraud by family members, including ex-spouses and ex-partners—is growing each […]
The Benefits of Working with a Credit Report Lawyer
Many American students graduating from high school this year don’t realize the importance of a credit score. They don’t understand how their credit rating will have a serious effect on every financial decision they make. From renting an apartment to buying car insurance, your credit score can be responsible for expensive rates and even rejection. […]
