California residents have two credit reporting laws at their disposal – the Fair Credit Reporting Act and the California’s Consumer Credit Reporting Agency Act. That is, under December 29, 2008. On that date, the California First District Court of Appeal, Division One, in Liceaga v. Debt Recovery Solutions, LLC (A120277) held that the federal Fair [...]
Fair Credit Reporting Act
In a previous article, I discussed your rights to get a copy of your investigative consumer credit report. Just as the Fair Credit Reporting Act (FCRA) gives you the right to obtain a free annual report from Equifax, Experian and TransUnion, the FCRA also gives you the right to a free report from a “nationwide specialty consumer reporting [...]
In a previous article, I discussed the little known, but potentially damaging, Investigative Credit Report. One of the most common of the investigative credit reports is for insurance purposes. Insurance companies frequently use the services of organizations known as inspection bureaus to determine whether they will issue a policy of insurance, the rate charged for [...]
Did you finish a chapter 7 bankruptcy and believe that you had made a fresh start. Confidently walk into a car lot about six months after your bankruptcy to apply for a car loan and be stunned when the finance manager turned you down due to open accounts remaining on your credit report after your [...]
Most people are familiar with a typical consumer report which lists such things as a consumer’s name, address, employment history and credit history. A lesser known, but perhaps more important report is the investigative consumer report. Investigative consumer reports are reports normally obtained by prospective employers or insurance companies and often contain subjective, opinion information [...]
A “Consumer Report” is a report that bears upon a consumer’s creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living. A consumer report can be transmitted by oral, written or other means of communication. Information contained in a consumer’s file with a credit reporting agency is not a consumer report [...]
