Blog

Most people know the the Truth in Lending Act from the disclosure requirements on the front end. It requires credit grantors to disclose certain information to borrowers so they can make informed decisions about their loans. This includes information such as finance charges, annual percentage rate (APR), and the total amount that you have to

Repossessions are a commonly used way for creditors to reclaim their property when borrowers allegedly fail to make payments — also known as defaulting on the agreement. People facing a repossession often experience stress and these situations can be frightening when the repo man shows up. In Alabama, breach of the peace actions while attempting

Are you being affected by same name credit report errors? For those who share identical — or even close — names with someone else, the possibility of having their credit report mixed up with another person’s can become a reality. With so much at stake for your financial well-being, any errors made on your report

In 2019, over 16 million U.S. consumers were victims of identity fraud and other forms of credit card theft – and the problem continues to grow. One of the most common forms of identity theft is credit card fraud—unauthorized charges made to a person’s account. It is usually impossible for someone who’s been a victim

Repossession with a clean title happens more often than expected. It usually occurs when a previous owner of the vehicle allows a secured party to place a lien on the vehicle, the vehicle is sold/auctioned in manner that clears the title, but the lender fails to update their system. Then the old lender has the

The Boston Globe has a column regarding whether financial institutions should have to give prior notice to a consumer before they can repossess a leased car. Leases are handled differently that the standard purchase/financing of a car so the idea hasn’t been thought out as much. Also, Massachusetts has more consumer-friendly state laws that most

A Court in the Western District of Texas recently released an opinion regarding the interplay between the Fair Credit Reporting Act (“FCRA”) and sovereign immunity. Usually when Texans, or other Americans, dispute inaccurate information on their credit reports and the furnisher of that information “verifies” it and leaves it on there, the person has a

The Eleventh Circuit, en banc, vacated a district court in Florida order approving a 6.3 million dollar settlement based primarily on the Supreme Court’s 2016 ruling in Spokeo, Inc. v. Robins. In Spokeo, the Court ruled that a plaintiff must plead a concrete injury in order to have standing in federal court as opposed to

The 9th Circuit Court of Appeals issued an opinion in Ramirez v. Trans Union, LLC this week. This case is important because it deals with willful conduct under the Fair Credit Reporting Act (FCRA) and the available punitive damages. The case involved Trans Union inaccurately including information that the consumer was on a terrorist watch

Is someone else\’s information on your credit report? Learn how mixed-file errors happen and how to fix them under the FCRA. Free consultation: 205-378-8121.