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Fair Credit Reporting Act – Credit Reporting Errors

If you believe your credit report may be wrong, the attorneys at Fields Law can help you check your credit report and ensure there are no errors being reported. If there are any errors, we will contact the reporting agency to get the errors corrected.

In some cases, the bank, credit card company, or the credit reporting agencies themselves may have violated the Fair Credit Reporting Act by:

  • Failing to notify the credit reporting agency of a debt dispute
  • Failing to conduct an investigation within 30 days
  • Failing to conduct a “reasonable” investigation
  • Failing to provide you with the necessary information to complete the dispute process
  • Failing to report the results of the investigation to you
  • Submitting information to a credit reporting agency that is known to be incorrect

In these cases, you have the right to sue the debt collector and, if you win the case, you could receive $1000 or actual damages (whichever is greater), and they must pay your attorney fees and out-of-pocket costs.

If credit reporting errors are preventing you from buying a car or a house, call our debt settlement attorneys. We can help you correct your credit reporting errors.

Have you found incorrect information on your credit report?

Checking credit reports and obtaining our credit history has become easier than ever with websites such as Credit Karma and Annual Credit Report. Through these websites, consumers can regularly access their credit reports and see their credit worthiness based on five specific factors:

  1. Payment history;
  2. Credit usage;
  3. Length of credit history;
  4. Credit mix and types; and
  5. Amount of recent credit.

What if the information that is reporting is incorrect or inaccurate?

The Federal Trade Commission (FTC) has previously put out a 2012 Study that reported that one in four consumers had identified an error on their credit reports that could have negatively affected their credit. Since then, the FTC has released a 2015 follow up study, which has shown that even though the amount of errors being identified and disputed has gone down, and the process of reporting accurate information has gotten better, there is still a large number of consumers who have reported incorrect information on their credit report.

Incorrect information can severely hurt consumers when they are applying for credit because it can lead to increased interest rates and denials. Unfortunately, these errors typically become known to consumers when applying for credit and can cause a financial strain.

Luckily, consumers have protections and rights pursuant to 15 U.S.C. § 1681, or the Fair Credit Reporting Act (FCRA). Simply put, the FCRA mandates that a consumer has the right to a clear and accurate credit report and the right to dispute and request an investigation into any incorrect information that is reporting on their credit report. If a credit reporting agency continues to report incorrect information after your request for an investigation, or fails to respond, you may have a claim under the Fair Credit Reporting Act and may be entitled to monetary damages.

If you have been denied credit due to incorrect information on your credit report, or you see incorrect information that is hurting your credit, contact an attorney at Fields Law Firm for a free consultation to see how we can assist you in correcting your credit report.

Fields Law Firm corrects incorrect information on a consumer’s credit report after filing bankruptcy

Credit reporting inaccuracies impact a large percentage of consumers, and the most vulnerable consumers to these inaccuracies are the ones who have filed for Chapter 7 & 13 bankruptcy. One of the most serious issues after a bankruptcy is a creditors failure to properly update the discharge status and balance of a debt before and after a bankruptcy discharge. By failing to update the status of discharged debt, consumers are left with serious derogatory marks on their credit.

The Consumer Law attorneys at Fields Law Firm have settled multiple claims for their clients who have reported inaccurate information on their credit reports after filing chapter 7 & 13 bankruptcy. In one specific case, our client had identified an error on his credit report from his chapter 7 bankruptcy that he had filed in 2008. Our client was denied a large loan he needed to expand his business due to his mortgage reporting as “being included in a chapter 7 bankruptcy.”

This reporting was inaccurate because our client had reaffirmed his home and continued to make his monthly payments. After disputing and requesting an investigation into his credit report, our client was able to get his tradeline corrected with two of the three credit reporting agencies, but the third credit reporting agency failed to update the status as requested. The credit reporting agencies failure to update the status allowed the attorneys at Fields Law Firm to bring suit for our client and we were successful in awarding him a large settlement due to the inaccurate reporting of his mortgage account.

If you have filed for chapter 7 or 13 bankruptcy, and have identified incorrect information on your credit report, you may have a claim under the Fair Credit Reporting Act and may be entitled to monetary damages. Contact an attorney at Fields Law Firm for a free consultation to see how we can assist you in correcting your credit report.

SETTLEMENTS AND RECOVERIES IN ALL CASES DEPEND ON SPECIFIC FACTUAL AND LEGAL CIRCUMSTANCES WHICH ARE UNIQUE TO EACH CLIENT’S CASE. PAST CASE RESULTS ARE NOT A GUARANTEE OR PREDICTION OF SIMILAR RESULTS IN FUTURE CASES WHICH THE FIELDS LAW FIRM AND ITS LAWYERS MAY UNDERTAKE.

READ OUR CLIENT REVIEWS

John Kelley
John Kelley
21:38 16 Oct 18
I was having issues with an insurance company and I hired fields law firm. The people there are amazing and always quick to answer questions even a couple times on the weekend. I worked with Blake amazing person and very informative on my case. I would highly recommend this firm to any of my friends.read more
Michael Frazier
Michael Frazier
23:58 10 Oct 18
I had the pleasure to work with Michael and Annie on my LTD case. When my claim was denied by the insurance carrier, Michael didn't hesitate to take them on with an appeal. He worked diligently on the appeal and ultimately won this for me. Mind you, this wasn't a huge case but he treated me like it was and as if I was the only case he was representing. He kept me abreast of vital information, it was clear that he knew his stuff and wasn't afraid to take on the big insurance company. Michael was much more than I ever expected given that our relationship was entirely remote, handled by telephone and email only. Not only is he a strong lawyer, he treated me with compassion and respect. I am beyond pleased with him and the Fields Law team. Michael cares about his clients and he gets the job done for them because he knows how impactful an injury can be to both a person's well-being and their financial security. I highly recommend Michael and Fields Law whether you are local to their Minnesota offices or out of state like myself.read more
Melanie Eason
Melanie Eason
20:12 29 Aug 18
Fields Law Firm is great. Patrick Kramer, my lawyer, is fantastic. He and his legal assistant Samantha K. have handled my case for several years. They have kept me informed every step of the way. They are both easy to contact. I have both of their phone numbers and email addresses and they respond promptly to any messages I leave. Without their help I would not have been able to get the disability company to fulfill their promises. It is a relief to leave all the dealings with the disability insurance company in their hands.read more
Jeannie Kerr
Jeannie Kerr
23:37 15 Sep 18
My experience with Merrick Williams of Fields Law Firm has been truly above and beyond satisfactory. His knowledge and professionalism have guided me through a very difficult time. He and his assistant Angela were readily available to answer any questions and address my concerns. I highly recommend him as an attorney and will use his services again if necessary in the future.read more
ebon jordan
ebon jordan
19:51 27 Sep 18
Field Law Firm was great my lawyer Zach Schmoll was more than I could ask for. He always kept me in the loop and explain everything perfectly, got back to me whenever I called less than 24 hrs and was a extremely nice guy. This guy is young and knows what he is doing so please don’t let the age fool you. I had a wonderful experience with Field Law and will refer anyone with legal matters to them.read more
Edward Johnson
Edward Johnson
23:11 31 Oct 18
I highly recommend Fields law Firm if you need some no nonsense attorneys to represent you. I was treated courteously and efficiently each and every time by Mike and his associates. They settled my Long Term Disability case in a timely fashion. and was pleased with the results. Thanks again Mike and Fields Law Firm. You are the best!read more
Jeffrey
Jeffrey
19:19 09 Nov 18
Fields Law Firm is simply the very best when it comes to representing you & fighting for your rights! They are a "10 Star" Law Firm hands down! Michael Kemmmitt & Sarah Christensen were simply outstanding to work with. They took over my long term disability case after I was being denied my benefits & gave me the moral support & law experience that I needed to win my case. They were supportive throughout my case & they will fight tooth & nail to assure your rights are not being denied. It is so rare to find a law firm that treats you like YOU are the most important person to them. I HIGHLY recommend Fields Law Firm. They are truly advocates for justice.read more
Ben Chadwick
Ben Chadwick
23:20 12 Nov 18
Michael and Samantha were always giving me updates in a very timely manner. They were very good at getting back with me if I had questions, and they didn't have the answer at the time of our discussion. They were very thorough in their handling of my case, and we received a positvie ruling due to their efficiency and expertise. Thank you very much Michael and Samantha, I appreciate all that you did to help me with my case. I would definitely refer people to you, as well as use you in the future. Benjamin Chadwick.read more
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