Mother Pays Off Navient Loan Years Before and Hit With $92K Collection Bill Anyway

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 … Read more

Parroting, Credit Report Disputes, and Other Credit Report BS

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. … Read more

Experian Pays Fine for Lying to Consumers About Credit Scores

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 … Read more

The Credit Repair Death of Pay For Delete to Remove Old Bad Credit

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 … Read more

Whispers On Big Changes Coming for Credit Reports That You Need to Know

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 … Read more

Shouldn’t I Be Able to Get All My Credit Scores? – Eugene

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 … Read more

Experian Continues to Report Judgment Included in Bankruptcy

Question: Dear Steve, I filed Bankruptcy Chapter 13 in 2011 and completed in 2014. Since that time, I have tried to clean up my credit reports. With most of the issues I have had success. There is however one Reporting agency (Experian) That did nothing with my dispute about a Judgment that was included in … Read more

Your Biggest Credit Report Complaint May Be Getting Fixed

Recently the three major credit reporting agencies — Equifax, Experian and TransUnion — agreed to a settlement with the New York Attorney General’s office to overhaul the national credit reporting process to better serve Americans. The agreement includes changes to the credit report dispute process, how some negative information can appear on credit reports and … Read more

If You Rent It Could Help Build Good Credit

Experian today announced a new product to help renters convert their on-time rental payments into good credit. Up until now Experian had only really been adding rental history through its RentBureau product that is used by big apartment complexes. Now they’ve launched a new product for use by all landlords, big or small. ClearNow allows … Read more

Identity Theft: How to Protect Yourself and What to Do If You Are a Victim

Think your money and peace of mind are safe from thieves? Think again. Identity theft is one of the fastest growing types of robbery today. As many as 300,000 people are defrauded each year by crooks using stolen identities. Guess who ends up paying for the millions of dollars that stores and lending institutions lose … Read more