Debt Collection Harassment Debt collection contact can be stressful and intimidating, especially iwhen you feel threatened. Debt collectors sometimes use abusive tactics, like threatening a lawsuit when none is intended, or threatening IRS reporting or tax consequences. Collectors may also tell you that you can go to jail for owing money. This is a tactic …
Applications for new credit go through an approval process. The prospective lender has criteria that is considered when reviewing a credit application. Factors such as the items listed below may have been examined: – Your credit and payment history – Your income – Your total debt to income ratio – Multiple applications for credit within …
Before a Vehicle Repossession If you anticipate a repossession occurring, evaluate the items left in your vehicle. Although personal property can be retrieved after repossession, items could go missing or be damaged in the process of repossession. Take steps to protect your possessions: -Remove all important car purchase and finance documents from the vehicle …
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Scenarios involving mixed credit files are all too common today. A mixed credit file, or mis-merged file, can happen when your credit information is commingled with someone else’s on your credit report. For years, the credit bureaus have been told their methods of matching consumer data is fundamentally flawed, but the often-devastating errors keep happening. …
Finding out that your credit report has been merged with someone else’s information usually occurs at the most inopportune time. Often it’s when you’re considering the purchase of a home or car, taking out a student loan, or possibly looking for a new job or apartment. However, it’s not until after credit applications are denied, …
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Consumer Reports, February 3, 2021 Why the Pandemic May Be Hurting Your Credit Score By Lisa L. Gill https://www.consumerreports.org/credit-scores-reports/why-the-pandemic-may-be-hurting-your-credit-score/ Illustration: Lincoln Agnew Attorney Andy Milz, cautions consumers that COVID-19-related payment deferrals aren’t the only problem contributing to credit reporting errors and drops in credit scores since the pandemic. He states, in this recent Consumer Reports …
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Credit reports contain a wealth of personally identifying financial information and offer a peek into a consumer’s current, and past, financial status. The privacy of these reports, and the accuracy of their information, is critical to consumers. Prospective lenders, employers, landlords and utility companies may need to request access to reports to determine whether to …
Continue reading Are you keeping your Credit Information Private? →
Being asked to co-sign a loan for a family member or close friend is a larger responsibility than most people realize. When you co-sign a loan, such as an auto loan, you and your credit are on the hook if that relative or friend decides to stop making payments on the loan. In other words, …
These are challenging times that we live in. Many people are forced to live on less income due to job loss, a death in the family, and involuntary pay cuts. Understandably, some people have fallen behind on their monthly payments, and are concerned about the negative impact on their credit reports.
Unfortunately, many people do not learn about the importance of having accurate listings on their Credit Report until it is too late. Perhaps this describes you:
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We at Flitter Milz, P.C., hope that you and your loved ones remain healthy and safe throughout this difficult time. We want you to know that our firm is open to serve your legal needs. Our staff is available by phone, email, or video conference. Please feel free to call with any questions or specific concerns.
Take care and be safe.
Cary Flitter & Andy Milz
Toll Free: 888-668-1225
Email: consumers@ConsumersLaw.com