{"id":2568,"date":"2021-02-08T19:42:36","date_gmt":"2021-02-08T19:42:36","guid":{"rendered":"https:\/\/www.consumerslaw.com\/blog\/?p=2568"},"modified":"2021-02-08T19:45:29","modified_gmt":"2021-02-08T19:45:29","slug":"why-the-pandemic-may-be-hurting-your-credit-score","status":"publish","type":"post","link":"https:\/\/www.consumerslaw.com\/blog\/why-the-pandemic-may-be-hurting-your-credit-score\/","title":{"rendered":"Why the Pandemic May Be Hurting your Credit Score"},"content":{"rendered":"

Consumer Reports, February 3, 2021
\nWhy the Pandemic May Be Hurting Your Credit Score By Lisa L. Gill
\n<\/strong>https:\/\/www.consumerreports.org\/credit-scores-reports\/why-the-pandemic-may-be-hurting-your-credit-score\/<\/em><\/p>\n

\"Photo-illustration<\/p>\n

Illustration:\u00a0 Lincoln Agnew<\/em><\/p>\n

\"\"Attorney Andy Milz<\/strong>, 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.\u00a0 He states, in this recent Consumer Reports article, that other common credit reporting errors, such as accounts or loans that have been paid off but still appear as unpaid, individual loans reported multiple times, or debt that’s listed as in collections but has been paid off, can pose hurdles, too, if you need a loan or line of credit.<\/p>\n

Protect your credit.<\/h3>\n

Don’t let inaccurate information on your credit report keep you from getting the loan you want.\u00a0 The Fair Credit Reporting Act<\/a>, is the federal law that helps ensure the accuracy of information on credit reports.\u00a0 It is the duty of credit furnishers and the credit bureaus to report accurate information. If reported information is disputed by the consumer, the bureau and\/or creditor must investigate the claim and correct the error. Consumers must take steps to keep accurate credit reports.<\/p>\n

1. Review your Credit Report Regularly<\/strong><\/p>\n

\"\"Consumers are entitled to receive one free credit report<\/a> every twelve months from each of the Big 3 credit bureaus – Transunion, Experian and Equifax. Consumers must provide two forms of identification, such as a current driver’s license, pay stub or utility bill, to obtain\u00a0a report.<\/p>\n

2. Send written dispute to address errors with the Credit Bureaus<\/strong><\/p>\n

\"\"If you notice errors on your credit reports, you must send a written dispute<\/a> to the bureau.\u00a0 The letter should clearly identify the error and state why the listing should be updated or removed. Errors that remain on a consumer’s report could violate the consumer’s right under the Fair Credit Reporting Act.<\/p>\n

3. Seek Legal Help from a Qualified Consumer Protection Law Firm<\/strong><\/p>\n

\"AttorneysFlitter Milz is a nationally recognized consumer protection law firm that represents consumers in matters where the credit bureaus or credit furnishers have continued to report errors on credit reports.\u00a0 Contact Us<\/strong><\/a><\/span> for a no cost legal review to determine whether your consumer rights have been violated.
\nPictured: Cary Flitter (center), Andy Milz (left), Jody L\u00f3pez-Jacobs (right).<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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:\u00a0 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.\u00a0 He states, in this recent Consumer Reports … <\/p>\n

Continue reading Why the Pandemic May Be Hurting your Credit Score<\/span> →<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[73,53,50],"_links":{"self":[{"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/posts\/2568"}],"collection":[{"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/comments?post=2568"}],"version-history":[{"count":9,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/posts\/2568\/revisions"}],"predecessor-version":[{"id":2580,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/posts\/2568\/revisions\/2580"}],"wp:attachment":[{"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/media?parent=2568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/categories?post=2568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/tags?post=2568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}