Experian Asks US Supreme Court to Hear Towing Collection Case

In 2003, Mrs. Pintos sued a debt collector that had used her credit report to collect a tow company’s bill for towing her car from a San Francisco street. Her claim is that the debt collector violated the Fair Credit Reporting Act because it lacked a permissible purpose to look at her credit report. The FCRA forbids persons who are not creditors from looking at consumers’ credit reports. Mrs. Pintos also sued Experian, the credit bureau that furnished the report to the collection agency. Our law firm represents Mrs. Pintos in the case. Both sides appealed the trial court’s rulings....

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Reform Bill Addresses Problem of Inaccurate Credit Reports

An official of the US Treasury Department has issued a statement pointing to the sections dealing with the problem of inaccurate credit reports and consumers’ inability to easily get the inaccuracies removed. The official notes that credit reports are sometimes riddled with errors. And those errors can have a real effect on your financial future. Something as simple as having the same name as another individual who failed to pay their bills on time can prevent you from receiving a loan or the lower interest rate for which you’re eligible. The official states that consumers have filed almost 150,000 complaints...

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Disputing Inaccuracies in Credit Reports by Contacting the Creditor

The Fair Credit Reporting Act currently requires consumers to send dispute letters to the credit reporting agencies even though the inaccuracy originated with a bank or other creditor. This twist in the law is confusing to many consumers as it is counter-intuitive. A consumer should be able to ask the creditor to fix the inaccurate information it sent to the credit reporting agencies in the first place. The good news is that, starting July 1, 2010, consumers will have the right to send a dispute letter directly to the creditor. This change is due to a new Federal Trade Commission...

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New Rules for “Free” Credit Reports

In 2003, the federal Government required the three national credit agencies to establish a website where consumers could download their credit reports free, once a year. Unfortunately, the Government foolishly allowed the agencies to include advertising on the site, www.annualcreditreport.com. The agencies’ advertising confused consumers into believing they had to pay for a credit score or credit monitoring services to get their free report. The three agencies also set up their own “free” sites where consumers could download their credit reports. For example, Experian’s site, www.freecrdeditreport.com, was heavily advertised on TV and purposely designed so consumers thought they were going...

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Reporting Most Criminal Records over 7 Years Old is Illegal

The Fair Credit Reporting Act provides that credit reporting agencies may not report records of arrest or any other adverse criminal action that are more than seven (7) years old, except for convictions of crimes. A growing problem is that many Internet based companies are selling criminal records over 7 years old. These companies claim to not be subject to the terms of the FCRA, but the courts have ruled that criminal records sold to potential creditors, landlords, insurance companies and employers are “consumer reports” as defined by the FCRA. When someone applies for a job, it is very easy...

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