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 [...]
FCRA
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 [...]
On the BankruptcyLawNetwork blog, I recently wrote a post involving mortgage companies trying to force a debtor in bankruptcy to reaffirm a mortgage. They do this by refusing to up-date the information sent to the credit reporting agencies concerning the loan. Thus, a loan that is up to date, because the debtor is making his [...]
