Fixing Credit Reporting Errors

Your credit report is a judgment of how financially responsible you are, and by extension, how safe it would be to lend you money. But a bad credit report can cost you more than just access to a loan. Credit reports can affect your ability to be approved for a home/apartment, to get a job or to obtain job-related security clearance.

With so much riding on your credit score, making sure your credit report is correct is extremely important. Unfortunately, credit reports can be riddled with errors and fraud, and fixing those errors is often much more difficult than it should be.

Thankfully, consumers have rights under the Fair Credit Reporting Act. The attorneys at Hays Cauley, P.C., can help you leverage those rights.

The Fair Credit Reporting Act

The three major credit rating agencies — TransUnion, Equifax and Experian — process hundreds of millions of transactions each day. As such, they have little interest in helping the average person fix inaccurate information.

But the FCRA was designed to give each of us legal tools to review our credit reports, dispute errors and force corrections through litigation.

Under the Fair Credit Reporting Act, you can:

  • Receive one free credit report per year from each credit bureau
  • Dispute inaccurate or fraudulent information in your credit file with the credit reporting agencies
  • Dispute inaccurate or fraudulent information with the source that originally provided the information
  • Demand that inaccurate or outdated information be corrected or deleted — usually within 30 days
  • Sue debt collectors, creditors and credit reporting agencies that have reported false/inaccurate information and failed to properly investigate your dispute

Why Are There Errors On Your Credit Report?

There are numerous reasons for credit reporting errors such as:

  • You have been a victim of identity theft
  • You have been a victim of credit card fraud
  • Outdated information (too old to report) has been left in your file
  • Your Social Security number or your name is similar to someone else with bad credit
  • Your credit file has been mixed with someone's credit file
  • Incorrect public records information has been reported in your name
  • Creditors and debt collectors have not properly reported your account information

Whatever You Do, Don't Hire A Credit Repair Agency!

Why shouldn't you work with a credit repair agency? Here's why:

  • Most of these operations are scams
  • These companies charge fees for services you could perform yourself for free
  • The services they perform are not likely to help improve your credit score or fix your credit report
  • They send in fraudulent disputes on accounts that are correct making it more difficult to fix accounts that are incorrect
  • They are not attorneys and cannot file a lawsuit against the credit reporting agency on your behalf

Give Us A Call Instead — We Can Help

The lawyers at Hays Cauley, P.C., are dedicated to fighting for consumers. We can help you dispute errors on your credit report and we can sue any and all parties that have violated your rights under the FCRA.

Located in Florence, South Carolina, our firm offers free initial consultations, and most of our services are offered on a contingency basis. To learn more, fill out our online contact form or call us at 843-773-2782.