Credit Repair In Michigan

A lot of Michigan consumers have lower credit scores because of errors on their credit reports. The truth is that creditors and credit reporting agencies often botch consumer info and make mistakes. At Credit Repair Lawyers of America, we remove errors from credit reports and help our clients achieve better credit scores.

The Fair Credit Reporting Act (FCRA) allows us to offer these services to our clients. Under this federal statute, the defendants in settled lawsuits are required to pay our costs and fees. We like this business model because it forces the responsible parties to pay for their negligence. After all, we always give creditors and credit reporting agencies an opportunity to remove credit report errors without a lawsuit. However, if they fail to cooperate and violate the FCRA, we sue them. It’s that simple.

Errors Often Found on Credit Reports

There are a number of ways in which creditors and credit reporting agencies accidentally damage consumer credit reports. Here are a few of the most common mistakes they make:

The credit bureaus fail to communicate with one another. Often on paid accounts, the lender reports to only one credit bureau. Credit reporting agencies seldom share information. Because of this, paid accounts may show “unpaid” on one credit report as opposed to another.

Credit reporting agencies continue to report expired debt. All negative credit report items have expiration dates. So after a certain amount of time passes, delinquent accounts should disappear from credit reports. However, if the credit bureaus continue to report these expired items, they linger as credit score damaging errors.

Information mismerged on credit files. If you have a common name like “John Smith,” your credit file information is likely to get confused with data belonging to another John Smith. This is especially likely if the two of you live in the same town or if the other person is your parent or child (a senior or junior) and lives in your home.

Creditors supply inaccurate or incomplete info. If creditors only supply partial identifying information to the credit reporting agencies then mix ups with accounts may occur. For example, reporting a partial name or address may result in an account showing up on a credit report belonging to a consumer with a similar name and/or address.

Damage caused by identity theft is ignored by credit reporting agencies. Identity theft victims are often left with unauthorized transactions and fraudulent accounts on their credit reports. If these items are not removed by the credit bureaus in a timely manner, they become credit report errors.

A Consumer’s Right to Error-Free Credit Reports

The Fair Credit Reporting Act (FCRA) gives you the right to accurate credit reports. This means that the credit reporting agencies must take action when consumers dispute credit report errors. Unfortunately, because of a difficulties with credit bureaus, many Michigan consumers give up too soon. However, the experienced attorneys at Credit Repair Lawyers of America make credit repair easy by handling the entire process for you. As a bonus, some of our successful actions result in damage payments for our clients.

If you’re unsure about whether or not you have flawed credit reports, we will be happy to go over them with you. This Free Credit Report Review is available to all Michigan residents, regardless of whether we find mistakes or not. If we do find errors on your credit reports, we send out the correct dispute letters to the appropriate credit reporting agencies and creditors on your behalf. If this doesn’t get the job done, we file a lawsuit against the responsible party. Once again, none of this costs you anything out of pocket.