Credit Reporting Errors

Don’t let them hold you back. Contact the credit report lawyers at The Holland Law Firm.

The Federal Trade Commission estimates that 5% of credit reports contain significant errors. Another FTC study found that 26% of consumers who check their scores discover potentially material errors, such as inaccuracies in account balances, collections, credit inquiries, or late payments.

Impact of Credit Reporting Errors

Errors on credit reports can lead to higher interest rates, wrongful lawsuits, employment issues, housing difficulties, and security clearance problems. Even if you’ve managed your finances well, credit reporting errors can still occur. If you have unexplained negative entries on your credit report or notice new accounts or that someone pulled your credit without your authorization, this could be a sign of a serious problem such as identity theft or a mixed file.

We Can Help

While there is an understandable feeling of helplessness after trying without success to correct a credit report that has obvious errors, do not lose hope. Under the Fair Credit Reporting Act and similar consumer protection statutes, you have the right to get the errors fixed and obtain compensation including reimbursement of reasonable attorney’s fees.

Obtain Your Official Credit Report

Most people agree that you should review your official credit reports annually. Although there are hundreds of companies that meet the definition of a credit reporting agency, the big three are Equifax, Experian, and TransUnion. Credit monitoring apps are great but might not be sufficient in the event of a genuine dispute. For that, you need your official credit reports, which are only available from the credit bureaus. The best way to access them is from the only government authorized site, which is www.annualcreditreport.com.

Contact Us

If your credit reports are inaccurate, don’t give up. Contact us to set up a consultation.