If you have any of the violations listed below on your credit reports, we may be able to help you get them removed.
If we are unsuccessful, we’ll have a paper trail & you will be in great position to sue the credit bureaus. We have a law firm that specializes in this & will take your case with absolutely no cost or obligation to you. You will receive $ 1,000 per violation for any items successfully litigated.
We can also help with a variety of other types of errors. We can review your credit reports at no cost or obligation to you.
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The Most Common Errors To Sue Banks and Credit Reporting Agencies For Failing To Correct an Item After a Dispute:
1. The Consumer paid the account balance in Full but the credit report still shows the consumer owes the creditor: The account was paid in full and should be reporting a zero balance.
2. The consumer paid less than the full account balance in a negotiated settlement but the credit report still shows the consumer owes the creditor: The account was settled and paid at a reduced amount. The creditor has not applied the settlement payment and is still reporting the full balance. The account should be reporting a zero balance.
3. The creditor issued a 1099C to the consumer but it still showing the money as due from the consumer: A 1099C was issued for the full balance on the account. The creditor is still reporting the
full balance, but the balance should be reporting as $ 0. (Chase is one creditor that issues a significant number of 1099C to consumers).
4. The account was sold to a debt buyer or different creditor but is showing as still owed to the original creditor: The original creditor is still reporting the balance owed. The account should be listed as transferred to another lender and the original creditor should report a zero balance.
5. The consumer is listed as owing the same money to the same creditor twice: The account is reporting twice on a credit report.
6. Unknown account on credit report: Consumer has no knowledge of the account.
7. Debt buyer bought the debt from another creditor and re-aged the last paid date on the credit report: Many debt buyers state the last paid date as the date they purchased the account, which is not accurate. The last date paid often happened long before the account was transferred. Refer back to the original creditor last paid date to find this error.
8. Short sale listed as a foreclosure instead of a short sale: Short sale is listed as a foreclosure. Should be reporting as “settled and/or sale for less than the full balance.”
9. Date of foreclosure incorrectly shows as much later than allowed: Foreclosure dates should be listed as Foreclosure within 30 days of the actual foreclosure date. If later, it is an error.
10. Consumer went bankrupt and debt included in bankruptcy is still showing due: All debts included in the filing of bankruptcy should show a zero balance post-bankruptcy.
11. Debt belonging to a consumer’s relative shows as debt in consumer’s report: Sr, Jr, III. Surnames mixed up. Credit card belonging to John Doe Sr. is incorrectly reporting on John Doe Jr.’s credit report.
12. Account is too old to be reporting as delinquent: Generally, a delinquency occurring more than 7 years prior to the date of the report must be removed.
13. Consumer is authorized user of another person’s credit card and report shows total balance for all users, not just the authorized user’s balance: Many credit card companies show the total balance on a credit card account for all users, not just the authorized user even though the credit card agreement makes clear that the authorized user is only liable for charges they make, not the total balance.
Items that are not typically violations of FCRA and not eligible for litigation:
FDCPA violations — harassing phone calls. Incorrect Personal Information (name, address, etc.). Any reporting involving public records where the report simply reflects what is listed on public records even though public records may be incorrect. Any reporting involving Government: Federal, State, City municipality or agency. Any reporting involving the IRS and Taxes. Any creditor reporting a balance where the debt was not paid off. An account that is actually valid but the consumer just does not want to pay it. Any Child Support Issues Any Issues of Identity Theft without a police report Credit Report Inquiries