Denied Credit/Errors in the Consumer Report
The FCRA’s underlying purpose is to ensure that your credit information is accurate and private. Unsurprisingly, many credit reporting agencies often make various mistakes on credit reports, causing people financial hardship – including loss of financial opportunity. Some of the more common violations include:
Reporting inaccurate information
This can happen in many ways, including:
- Misstating due balances;
- Reporting payments as late when they were actually paid on time; or
- Misstating you as a debtor on a particular account when you were merely an authorized user.
Reporting old (outdated) information
Chapter 13 bankruptcy filings must cease to be reported after seven (7) years. Chapter 7 and Chapter 11 bankruptcies must cease after ten (10) years. Likewise, adverse civil judgment rendered against you must cease to be reported after 10 years.Learn More »
Mixing files
This often happens when two people have the similar names and/or background information. One person’s credit file will then be mixed with the other, causing both to be inaccurate.Learn More »