As Americans, we are too often defined by corporations — including credit reporting agencies and financial institutions. Three major credit reporting agencies determine your credit score, and that number can have a huge impact whether you can get a job, a loan, a place to live and even security clearance in certain occupations. Credit card debt can lead to harassing phone calls, lawsuits and other problems.
To make matters worse, credit reports are often full of inaccurate and fraudulent information, and lenders (and the debt collectors who represent them) regularly engage in debt collection practices that are illegal. If you are facing problems with harassment, credit reporting errors or lawsuits related to your debt, it is all too easy to lose hope.
The good news is: You have more power than you realize, and you don’t have to fight these battles alone.