Negotiating with a creditor or debt collector? What do you do if creditor/collector offers to change your credit reporting from “delinquent” to “paid in full” or “settled in full”? Just FYI, both are highly derogatory credit marks and will damageREAD MORE
Credit Fraud
Happy 2014, Readers! I get frequent inquiries from victims of debit card identity theft. With the recent situation at Target Stores, which indeed involved a lot of debit cards, this topic is ripe for some candid discussion. A lot ofREAD MORE
CHECK YOUR CREDIT REPORTS FOR MIS-REPORTING OF PAID JUDGMENTS! Credit bureau TransUnion today agreed to settle a class action in Virginia for $1.4mm, where the main allegation was that TU had failed to accurately report paid judgments as paid. IfREAD MORE
ByRobert F. Brennan. Happy December one and all, and I hope all of you have a great holiday season. Currently credit reports from the major bureaus are available only in English. The reports are hard enough to interpret even forREAD MORE
Background checks are a part of life now. Whenever you are applying for a job, for an apartment, for a promotion or for insurance, you can basically bet on the fact that someone will be pulling a background check reportREAD MORE
YOU DO NOT NEED CREDIT MONITORING SERVICES!!!!! Recently, Adobe got hacked and sent an email to its subscribers, offering (at a cost) the Experian Credit Monitoring Service to those who got hacked. Of course the victim would have to payREAD MORE
Here’s an itty-bitty story that, over time, will snowball into a HUGE data-breach story. Yes, folks, as explained in the article below, Experian sold your confidential information, including your social security numbers, to third parties who are in turn sellingREAD MORE
I will be contributing to Fox Business on a story about new start-up companies that mine social network data in determining loan applications. I mean, can you believe this? If I have too many friends with low credit scores, thisREAD MORE
Groundbreaking Federal Trade Commission (FTC) ruling: FTC fines Certegy for violations of the Fair Credit Reporting Act. Folks, there are so, so many data brokers out there that traffic in and make money off of your personal information. It’s impossibleREAD MORE
Hello Readers, Here’s an excellent op-ed piece from the NY Times on why credit bureaus do not have the incentive to make their credit reports more accurate. Good reading! OP-ED CONTRIBUTORS To Catch a Creditor By JEFF SOVERN and IRAREAD MORE