Continue reading Accurate Credit Reports — Your Key to Financial Health →
You may think an identity theft hacker may not notice you. That’s not true. The ways identity thieves pick their targets are more about accessibility. They don’t care about your financial situation. Cybercriminals look for weak spots in personal financial security and privacy they can exploit for profit. Too often, the way we find we’ve been financially hacked is when credit report errors are revealed. It’s never at a good time, either. Most often it occurs when we’re about to seek credit for a home mortgage, car or personal loan.
Continue reading Identity Theft During Economic Crises: Look for Credit Report Errors →
Credit report errors happen more often than most of us would like to think. The Consumer Financial Protection Bureau has listed credit report errors as one of the top complaints filed. Believe it or not, one out of every 20 of us have errors on one of our three major credit reports.
Continue reading How can a Credit Report Lawyer help me? →
Taking out a loan can help you build your credit. But remember, to get that benefit, loans must be paid back in full and on time, and according to the terms of the loan agreement. When these terms are not met, the lender can take steps to repossess collateral and collect any money that is owed. As a result, the defaulted loan can be listed negatively on credit reports and lower your credit scores.
Let’s take a closer look at how this all works.
Continue reading How Will Borrowing Money Affect My Credit? →
It’s not enough stress to have your car repossessed, but the consequences — collection contact and negative credit reporting — can be too much to bear.
Car repossessions carry negative weight to a credit report for 7 ½ years from the date it was first reported as late by the lender. Credit scores may drop and your ability to get new credit, and credit with favorable terms, may diminish.
In this blog, we’d like to take a closer look at how long a repossession remains on your credit report and what you can do to correct credit reporting errors.
Continue reading How Long Does it take for a Repossession to come off your Credit Report? →
October 26, 2020 marks the 50th anniversary of one of the most important pieces of consumer protection legislation in the country’s history: The Fair Credit Reporting Act.
The Fair Credit Reporting Act, or FCRA, is a federal law governing how consumer credit information can be used and distributed. It gives consumers the right to see what’s on their credit reports and dispute errors and inaccurate information.
Continue reading What is the Fair Credit Reporting Act? →
Just as a yearly check-up with your doctor is good for your physical health, taking an annual look at your credit report is good for your financial well-being.
Continue reading How to Get a Copy of Your Credit Report →
Your car is hooked up to the tow truck. You’d been struggling for months to make payments, and now the thing you feared most has come true: repossession.
And you think to yourself: What do I do now? Where is my car? Is there some sort of car repossession look-up service that can track it down?
When payments on your account go unpaid, the creditor may stop you from making additional charges and list your account as a charge-off. But even if the creditor stops trying to collect on your account, you still could be responsible for the debt.
Millennials may be aware of the harmful effects of bad credit. The difficulty is in determining ways to change habits and establish financial discipline that will improve their financial outlook and their credit scores. The following steps may show useful ways to carve a path to a brighter financial future.
Continue reading 7 Ways Millennials can boost their Credit Scores →
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