What is the difference between creditors and debtors? If you’ve ever had to take out a loan or a similar form of credit, you’ve likely heard the words “creditor” and “debtor” used to explain the account. But sometimes these terms and their meanings can be confusing. Being informed of what creditors and debtors are and
After the 2017 Equifax data breach, American consumers everywhere wondered how they could protect their personal information from identity theft. Some placed credit freezes with Equifax, TransUnion and Experian; however, this often came with a fee that many consumers didn’t want to pay. In a national survey, NerdWallet found that 71% of Americans had growing
When someone applies for a new credit card or loan for a new home or car, the lender will review the applicant’s credit history to determine their approval or denial of the loan. But what happens if this is the applicant’s first loan? What if the consumer doesn’t have much credit history yet? What Is
Identity theft and credit card fraud have devastating outcomes if you’re the victim. However, many consumers don’t know the difference between the two crimes. This guide defines what identity theft and credit card fraud are and how you can protect yourself from damages. What is Identity Theft? Identity theft occurs when someone uses your identifying
Identity theft has made headlines in the recent years after news reports about consumers’ private information being vulnerable after data breaches at large companies. It can result in false debt, credit report errors, being denied credit or loan amounts, and so much more. When you first think of the phrase “identity theft,” you may picture
We are pleased to announce that 3 Francis Mailman Soumilas, P.C. attorneys were named 2018 SuperLawyers and 2 Rising Stars! Our very own Jim Francis was again named Top 100 SuperLawyer for 2018! You can see more here.
Under the Fair Credit Reporting Act (FCRA), you are entitled to a free copy of your credit report every 12 months. However, it can be daunting and confusing to examine your report if you don’t know how to read through the information listed. Although the exact format will vary between the three main agencies– TransUnion,
By Shayna Posses, Law360– A Pennsylvania federal judge held Friday that a would-be employee’s arbitration agreement with a staffing firm can’t be used to force him to arbitrate claims that a Johnson & Johnson subsidiary unfairly revoked his job offer because of a background check, saying his allegations against J&J stem from the Fair Credit
A summarized guide to consumer laws and what to do if your rights are violated. If any of your rights listed below have been violated, it’s time to contact an attorney and start fighting for your life back. Fair Credit Reporting Act The Fair Credit Reporting Act (FCRA) protects the accuracy and privacy of your
With graduation comes adult life. You’re starting out in your career, getting a place of your own and… paying off those student loans. The good thing about student loans is that most of them have a grace period of six months after graduation; this gives you time to settle into your post-graduate life and start