CREDIT REPORTING

credit reports massachusetts

Many Tax Liens and Court Judgments to be Removed from Credit Reports

The three major credit bureaus, Equifax, Experian, and TransUnion, will remove many tax liens and civil judgments from consumers’ credit reports beginning July 1, 2017. These records are often a major source of credit denials when consumers apply for essential credit like mortgages and auto...

Consumer Protection Rights

Consumer Protections at Risk of Being Rolled Back; How to Help

The new administration announced plans to roll back consumer protections via an Executive Order. Although the order is vague, it essentially gives the U.S. Department of the Treasury instructions to restructure and limit the Dodd-Frank Act, the law passed to increase consumer protections after the...

credit report errors

Reporter Describes Arduous Journey Fixing Credit Report Errors

Credit reporting agencies’ “files are full of obvious credit report errors that the companies are in no rush to correct.” So says journalist Bobby Allyn, who was stymied by credit report errors maintained by credit reporting agency Trans Union. When trying to get an apartment, mistakes in his credit report...

credit scores and credit report millennial

Improving Millennials’ Bad Credit Scores

Millennials have the worst credit scores of any existing generation. Even though they are the largest living generation – even surpassing Baby Boomers – they still have problems obtaining and using credit. Some of this is for good reason. For example, Millennials tend to pay more...

Credit Report a Nightmare? John Oliver Thinks So, Too

In a recent episode of HBO’s “Last Week Tonight,” John Oliver took the credit reporting agencies to task and discussed what a nightmare a credit report can be. These companies, Equifax, Experian, and TransUnion, keep reports on most Americans who have ever had a financial account....

Four Reasons to Get Rid of that Vacant Property

Properties can be abandoned for a variety of reasons. Getting an abandoned property out of your name, though, can be especially difficult if the mortgage balance is higher than the property value. This type of an abandoned underwater property is more than just a nuisance,...

How to Fix Your Credit Report if Your Identity is Stolen

Identity theft is a serious issue. When they pretend to be you, identity thieves cause the accounts they open to show up on your credit report. This affects your ability to buy a car, get a mortgage, rent an apartment, or get a credit card....

Identity Theft: What to do if You’re a Victim

People often find out too late if they are victims of identity theft. It will usually come to light after a loan has been denied or after credit cards get canceled. What can you do if you find out your identity has been stolen, and...

What Has to Happen for a Violation of the Fair Credit Reporting Act?

A recent case from federal district court in Massachusetts makes it clear what has to happen in order to violate the credit reporting law, the Fair Credit Reporting Act (FCRA). This decision sets forth five things that the consumer must prove: The credit report had inaccurate information, The...

Consumer Financial Complaints Now Online Through CFPB

The Consumer Financial Protection Bureau has made consumer complaints publicly available to search. The database cover the major issues in the consumer financial marketplace, including debt collection, inaccurate credit reports, and foreclosure. The complaints show the seriousness of the violations that average people deal with every day....

You Got Your Credit Reports. Now What Do You Do?

Credit bureaus make it hard enough to get your credit reports. You have to either navigate through confusing online menus, answer identity questions from your distant past, or wait weeks to receive the official one in the mail, if it ever arrives. But when you...