Protecting Your Credit Rights
When it comes to your credit, information is of the utmost importance. Inaccurate information about past and current debts, current credit and other important aspects of your credit can have disastrous consequences. You could see a lower credit score, along with the inability to obtain further credit and other financial issues.
At Kazerouni Law Group, APC, our fair debt collection attorneys fight for people just like you in Costa Mesa and throughout California. Our attorneys have a thorough understanding of the Fair Credit Reporting Act (FCRA) and other legislation enacted to protect debtors. We take a strategic, aggressive approach and our lawyers will fight to protect you against violations of the FCRA.
What is the Fair Credit Reporting Act?
The FCRA establishes guidelines and standards for credit reporting agencies, creditors, and businesses that handle consumer credit information. It sets forth rules regarding the collection, accuracy, and use of consumer credit information. Key provisions of the FCRA include:
- Accuracy in Reporting: The FCRA mandates that credit reporting agencies and data furnishers must maintain accurate and up-to-date information about consumers' credit history. Inaccurate or outdated information can have serious consequences for individuals' creditworthiness.
- Privacy and Consent: The FCRA requires that individuals' consent is obtained before their credit information is shared with third parties for certain purposes, such as employment background checks. It also protects consumer privacy by limiting who can access their credit reports.
- Dispute Resolution: The FCRA provides a mechanism for consumers to dispute inaccurate or incomplete information on their credit reports. Credit reporting agencies are required to investigate and correct any errors within a reasonable time frame.
What Are Common Violations Of The FCRA?
The Fair Credit Reporting Act (FCRA) is a vital piece of legislation designed to protect the rights of debtors and ensure accurate reporting of financial information. It contains several provisions that address various aspects of credit reporting and debtors' rights. Understanding these provisions is crucial for individuals seeking to protect their credit and financial well-being.
One of the most common violations of the FCRA involves inaccuracies in credit reporting. Credit reporting agencies and data furnishers may inadvertently or intentionally report incorrect information, such as late payments, accounts in collections, or erroneous account closures. These inaccuracies can significantly impact individuals' credit scores and financial well-being. It may result in the denial of credit, higher interest rates, or even difficulty securing employment or housing.
If you have experienced a violation of your rights, talk with an attorney from our firm. Our lawyers are aggressive litigators who will fight for your rights. Many people with credit problems caused by inaccurate reporting feel like they don't have rights or options. We have the experience and resources to help you.
Contact Kazerouni Law Group ∙ Free Case Evaluations
Even if you're not sure whether there's been a violation of the FCRA, talk with us. We offer free initial case evaluations. Our lawyers will examine your case to determine whether you could bring a claim. Call us at 800-778-2065 or fair debt collection attorneys to schedule your free case evaluation.