Why Florida Consumers Don’t Have to Wait for the Credit Bureaus to Fix Flawed Credit Reporting Policies

Luckily, Florida consumers with errors on their credit reports don’t have to wait for the credit bureaus to fix flawed credit reporting polices.

Bill Nelson, a U.S. senator representing Florida, recently released a report concerning consumer credit reports. Based on the information contained in this report, it appears that credit reporting practices are getting worse instead of better. This is in spite of intense scrutiny from the Consumer Financial Protection Bureau (CFPB) and numerous consumer advocacy groups. In the course of his investigation, this Florida senator found that U.S. consumers disputed more than 224 million mistakes on their credit reports between 2014 and 2016. But, sadly, only a little more than half of these reported errors were fixed by the credit bureaus. Also, this number only represents reported credit report errors.

As of right now, Senator Nelson estimates that there are “tens of millions of errors” lurking on consumer credit reports in Florida and throughout the country.

A Florida Senator’s Proposed Solution to the Problem of Flawed Credit Reporting Policies Within the Credit Bureaus

In his published report, the Florida senator identified two major problems with the three major credit bureaus (TransUnion, Equifax, and Experian). First, he feels that the reporting agencies should take a more aggressive stance against creditors that provide inaccurate data. Next, Senator Nelson believes that the credit bureaus should simply the credit report error disputing process. He stated:

“There’s nothing more frustrating than discovering an error on your credit report, especially when it could result in being denied a loan, paying higher interest rates or even getting turned down for a job or an apartment. Unfortunately for consumers, once they’ve found a mistake they have nowhere else to turn but the big three credit reporting agencies. That’s why it’s imperative these companies do a better job of making it easier and faster for consumers to fix their credit report errors.”

All of us here at Credit Repair Lawyers of American in Florida know that there is truth in this statement. Credit report errors can lead to credit score damage and other frustrating problems for Florida consumers. However, we also know that consumers with credit report issues don’t have to rely entirely on the credit bureaus for help.

Yes, the credit report error disputing process is complicated and confusing when consumers attempt it on their own. That’s why we do what we do, and why Florida consumers with credit issues can breathe a sigh of relief. We’re already doing a great job at “making it easier and faster for consumers to fix their credit report errors.”

How Credit Repair Lawyers of America Steps Up When the Credit Bureaus Fail

Because so many credit reports contain mistakes and errors, Florida consumers should check them at least once every 12 months. This is how frequently the Fair and Accurate Credit Transactions Act (FACTA) entitles you to request free credit reports from the three major credit bureaus. Just go to www.annualcreditreport.com.

Next, look over your credit reports and make a note of anything that looks inaccurate. Then, contact the credit pros at Credit Repair Lawyers of America in Florida. From here, we’ll do all the work for you. We’ll write dispute letters on your behalf and send them to the appropriate credit reporting agencies. If this works, great. You get clean credit reports for free.

However, if the credit bureaus don’t cooperate with our requests, we take legal action against them under the Fair Credit Reporting Act (FCRA). An experienced credit attorney steps up on your behalf, and does whatever it takes to get credit score damaging errors removed from your credit reports, and it still costs you nothing out of pocket.

Even if you’re not sure whether or not your credit reports contain errors, call us for a Free Credit Report Review. Once you have the most recent copies of your credit reports, one of our credit pros will walk you through them, step by step. This way, we catch all of the inaccuracies – and get them fixed – as quickly as possible.

How to Get Free, Legal Credit Repair in Florida

Don’t let errors on your credit reports bring your credit score down. At Credit Repair Lawyers of America, we’ve been cleaning up credit reports for consumers since 2008 for free. How do we do it? All of our fees come from the defendants in settled cases. This is why our clients pay nothing for the work we do.

Let’s start the conversation about what we can do for your credit. Set up your free consultation today by calling Attorney Gary Nitzkin at (813) 940-7255 or sending him a message through our contact page.

For more information about Free Credit Repair, please visit https://www.creditrepairlawyersam.com/florida/credit-repair/.