Case Information Allegations at a Glance Jacquelyne Nicole Jones alleges that Fifth Third Bank falsely reported her as delinquent on two loan payments in July and August 2022, despite her timely payments. These incorrect records were shared with Trans Union and Experian, two major credit reporting agencies, which published them in her consumer credit reports. …
Today, we’re going to be talking about credit repair, how to improve your credit score, scams to avoid, and what you should and should not do to help make your credit score as shiny as it should be. You can find Damon Day on his site. If you have a question you’d like to ask …
Experian has just announced a new credit bureau that is aimed at the buy now, pay later crowd. The bureau will be cleverly known as The Buy Now Pay Later Bureauâ„¢. Experian has spotted an opportunity to roll out this new service with a large number of people using Buy Now, Pay Later (BNPL) services. …
The Consumer Financial Protection Bureau (CFPB) has just released this list of consumer reporting companies that can be held accountable. The list identifies dozens of specialty reporting companies that collect and sell access to people’s data, including individuals’ finances, employment, check writing histories, or rental history records, often without their knowledge. Using the list, people …
This suit filed against Sallie Mae Student Loan Corporation, Ascension, Navient, Equifax Information Services, Pioneer Credit Services, Trans Union, and Experian Services Corporation would be unbelievable if all the facts asserted are proven true. I’ll keep an eye on this suit but for now, here is what we do know. In Texas, in December 2020 …
An interesting lawsuit was filed by a consumer in Alabama against Select Portfolio Servicing, Jared Galleria of Jewelers, Prestige Financial Services, Experian, Equifax, and Trans Union. What is interesting about the suit is the description of the broken and defective credit report dispute process of inaccurate information. Many of us have experienced such issues firsthand. …
The Consumer Financial Protection Bureau (CFPB) today took action against Experian and its subsidiaries for deceiving consumers about the use of credit scores it sold to consumers. Experian claimed the credit scores it marketed and provided to consumers were used by lenders to make credit decisions. In fact, lenders did not use Experian’s scores to …
It’s coming. Big changes are in the works for consumers with old bad debts owned by debt buyers. Sources inside the debt buyer and debt collection industry are secretly making positive changes about reporting old accounts. These changes will help consumers with old delinquent accounts find a light at the end of the credit reporting …
Credit reporting in the United States has been a mess. It seems now for decades we have one revelation after another about how inaccurate your credit reports is. These errors can significantly impact credit scores without knowledge. And they do. According to the Federal Trade Commission, “five percent of consumers had errors on one of …
Question: Dear Steve, My situation, my credit scores are in the low 600’s and am trying to get all my credit cards under the 30% threshold and at the same time reduce my total debt. My problem though is with the credit scores. It seems now we have to be concerned with two sets of …