We Make The Fair Credit Reporting Act Work For You
An Experienced Attorney Protecting Your Interests
The Fair Credit Reporting Act was passed to protect consumers’ financial and credit history and reputation in a standardized manner. The act regulates how credit information is collected, stored and distributed, allowing access by the consumer to his or her own information, as well as to potential employers and financial institutions.
Credit Reporting, Mistakes And Identity Theft
There are three major credit reporting agencies (CRAs) that handle most credit reporting in the United States: Experian, Equifax and TransUnion. These companies are large and impersonal, not dealing with the consumer directly, but rather with subsidiaries that provide them with the credit information. They simply distribute it.
Because of this, there can be a wide range of inaccuracies on a person’s credit report. It is important to carefully review your credit report and history on a routine basis to ensure that all information is accurate. For instance, after a move, your credit report might show a mistake or infraction by another person who you don’t know, but who had your address at one point.
Identity theft is also a big source of credit score inaccuracies. This is a growing problem in our country, and your identity is vulnerable anytime you even use your credit card. If that information is stolen and used to open another account, you could have significant credit damage and never know it.
You Can Challenge The Information On Your Credit Report
Consumers have the right to contest anything on their report that they do not feel is accurate or well-represented. If you find inaccuracies on your credit report, you need immediate assistance in correcting those errors and clearing your name.
At Bensley Law Offices, we help consumers who are fighting to have their credit reports corrected. The CRAs and their subsidiaries will do little if anything to actually investigate your claim. We will do the research and find the evidence needed to clear your name and correct your credit score.
We also represent individuals who have been turned down for jobs after the employer pulled their credit report without notifying them. This is illegal, and we can help to hold that company accountable.