Under the Fair Credit Reporting Act, you have the right to dispute errors on your credit report and credit reporting agencies are required to investigate the dispute. It’s important to know what to do, and what not to do, when disputing in order for you to get your credit report fixed. These are the top
With recent news reports of data breaches at major corporations and identity theft being a rising issue every year, it’s important to know the biggest signs of identity theft. Of course, this isn’t an exhaustive list of signs of identity theft. If you notice something is fishy with your sensitive information, take action immediately. 1.
Will Equifax be held accountable for the recent data breach? CNN Money asks Jim Francis of the Consumer Law Firm Francis Mailman Soumilas, P.C. for his thoughts and advice. Read the entire article here.
Jim Francis interviewed on KYW News Radio 1060 for advice on credit freezes and consumers impacted by the Equifax Data Breach. The main takeaway for consumers is to check your credit regularly and if you see something that doesn’t look like it should be there, find out what is going on. You have the right
You have likely heard about the recent massive data breach at the Equifax credit reporting agency that affects the personal information, including social security numbers, of as many as 143 million Americans. We recommend that you take the following steps: How to protect yourself from the Equifax Data Breach First, check all of your credit
Francis Mailman Soumilas, P.C. won a major lawsuit in June against TransUnion with $60 million on the line. TransUnion violated the Fair Credit Reporting Act when credit checks confused consumers with other individuals found on the United States Treasury Department’s Office of Foreign Assets Control or OFAC’s “blocked list.” The list includes terrorists, arms dealers,
The Fair and Accurate Credit Transactions Act (FACTA) is an amendment to the Fair Credit Reporting Act that allows consumers to request a free annual credit report from three credit reporting companies, Equifax, Experian and TransUnion. For an added fee, consumers can request a credit score with their report and information on how the score
You already know that you can lose a job because of errors on a background check, but errors on a credit report can also affect your employment. Background checks can often include your credit score; employers like to see what kind of financial risk their employees have. What’s good to keep in mind is that
Chip-based credit cards are the new way to make a card transaction. The chip supposedly provides a more secure way to complete the transaction and keep your financial information safe. It works by randomizing the data sent to the card reader, making that information valid for one single transaction, versus the swipe method that had
Look out: many consumers across the country receive phone calls from fake debt collectors. These phone calls could include demands on repaying a loan you never took out or an amount within a loan that wasn’t what you originally took out, among other situations. The Federal Trade Commission warns consumers like you to be wary