HADOUS|CO. PLLC
  • Home
  • Attorneys
    • Nemer N. Hadous
    • Robert Allen Hadous
  • Civil Rights Law
    • Employment Law
    • Police Misconduct
    • Prisoners' Rights
    • Civil Rights Blog
  • Consumer Protection
    • Fair Debt Collection Practices Act
    • Telephone Consumer Protection Act
    • Fair Credit Reporting Act
    • Consumer Debt Blog
  • Contact
CONSUMER LAW - TCPA BLOG

Why it's important to review your credit report

11/7/2016

0 Comments

 
Why it’s important to know what's in your credit report:

Accurate credit is vital in this day and age.  Your credit report contains information about you that lenders and financial institutions rely upon when deciding whether to lend money or extend credit.  Your credit score is based on your credit report, and directly affects your ability to secure new credit or a loan.  Your credit score also affects the interest rate a bank or financial institution will attach to its financial products.  Typically, the higher your credit score is, the better your interest rate will be.

Getting your credit score without reviewing your credit report is similar to receiving a test score without the actual results of that test.  How can you know if there is an error on your credit report that affected your credit score?  Mistakes can happen more often than you think.  These mistakes can be costly, as they  may result in higher interest rates or the complete denial of credit period.

The Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting agencies, (Equifax, Experian, and TransUnion) to provide consumers with a free copy of their credit reports at your request, once every 12 months.  Consumers may visit the website, www.annualcreditreport.com and access these credit reports at no cost.

We recommend that you obtain annual credit reports and review your credit reports for error or irregularities such as:
  • Accounts that do not belong to you
  • Accounts with incorrect balance or payment history  
  • Negative accounts that are more than 7 years old
  • Closed accounts or accounts discharged in bankruptcy reporting as open or with a balance

If you need help reviewing or understanding your credit report, you should speak to a knowledgeable credit attorney to help you determine whether your credit report contains complete, fair, and accurate information about you.  If there are errors or inconsistencies, you have the right to dispute these errors with the bureaus at no cost to you.
0 Comments



Leave a Reply.

    hadous|co.

    Archives

    December 2018
    May 2017
    April 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016

    Categories

    All
    Bankruptcy
    Bankruptcy Discharge
    Chapter 13 Bankruptcy
    Chapter 7 Bankruptcy
    Collection Calls
    Collection Laws
    Consumer Lawyer
    Consumer Protection
    Credit
    Credit Card Debt
    Credit Dispute
    Credit Report
    Credit Report Dispute
    Credit Report Double Entries
    Credit Report Double Jeopardy
    Credit Report Errors
    Credit Score
    Debt Collection
    Debt Relief
    Debt Settlement
    Disputing Your Credit Report
    Double Jeopardy
    Double Jeopardy Credit
    FCRA
    FCRA Attorney
    FCRA Lawyer
    FDCPA
    Judgment
    Michigan Credit Lawyers
    Michigan Lawyers
    Tcpa
    Tcpa Attorney
    Tcpa Lawyer

    RSS Feed

Home
Attorneys
​Civil Rights
Consumer Protection

HADOUS|CO. PLLC 
Michigan Civil Rights Lawyers

1 Parklane Blvd., Suite 729 East, Dearborn, Michigan 48126
​Phone: (313) 415-5559| ​Fax: (888) 450-0687
www.hadousco.com| All Rights Reserved.


HADOUS|CO. PLLC maintains this website exclusively for general informational purposes. The content of our website is not legal or other professional advice. Viewing this site, using information from it, or communicating with HADOUS|CO. PLLC through this site by Internet or email does not create an attorney-client relationship between you and HADOUS|CO. PLLC. Any decision regarding legal services is important and should not be based solely upon the use of a website or any advertisement.  Additional disclaimer and terms of use.


  • Home
  • Attorneys
    • Nemer N. Hadous
    • Robert Allen Hadous
  • Civil Rights Law
    • Employment Law
    • Police Misconduct
    • Prisoners' Rights
    • Civil Rights Blog
  • Consumer Protection
    • Fair Debt Collection Practices Act
    • Telephone Consumer Protection Act
    • Fair Credit Reporting Act
    • Consumer Debt Blog
  • Contact