The truck driving industry has been reporting a lack of available drivers for many years. However, the truck driver shortage exacerbated supply chain disruptions during the pandemic more than ever, which has resulted in congested ports and empty shelves for retailers. According to the American Trucking Association’s (ATA) annual survey, the average wages for truck drivers
Francis Mailman Soumilas, P.C., recently filed a lawsuit on behalf of a South Carolina man against TransUnion, Experian, Equifax, and Rushmore Loan Management Services in the U.S. District Court for the Eastern District of Pennsylvania, alleging that all four companies violated the U.S. Fair Credit Reporting Act (“FCRA”). According to the complaint in the lawsuit,
Identity theft is an all-too-common occurrence given the amount of personal information that can be easily culled online. Thieves steal someone’s identity in order to obtain credit cards, secure loans, open bank accounts, fund housing, and more, wreaking havoc on the victim’s finances and credit rating. Unfortunately, adults are not the only victims of identity
Just as negative information in your credit report can keep you from qualifying for a loan, negative and incorrect information in your background check can keep you from being hired, including from a rideshare service. Over the last decade, the rideshare industry has exploded with popularity. Companies such as Uber or Lyft hire rideshare drivers
Earlier this year, Equifax, one of the three largest credit reporting agencies, announced a coding error led to incorrectly reported credit scores from March 17 through April 6, 2022. The error occurred during a service change to one of the agency’s servers. The error resulted in a significant miscalculation in credit scores for more than
Consumers with medical debt in collections are about to receive some relief. VantageScore Solutions, LLC, one of the two credit-score providers in the United States, announced the company will no longer factor all medical debts in collections when determining consumers’ credit scores. At present, 43 million credit reports contain medical debt totaling more than $88
Equifax, one of the three largest credit reporting agencies, recently confirmed that a coding error has led to incorrectly-reported credit scores for millions of consumers. According to the company, credit scores reported from March 17 through April 6 of 2022 were incorrectly calculated due to a coding error that occurred during a service change to
Francis Mailman Soumilas, P.C., recently filed a lawsuit on behalf of a Texas man against Equifax and Transworld Systems in the U.S. District Court for the Eastern District of Pennsylvania, alleging that Transworld Systems violated the U.S. Fair Debt Collection Practices Act (“FDCPA”), and that both companies violated the U.S. Fair Credit Reporting Act (“FCRA”).
The Consumer Financial Protection Bureau (CFPB) is ordering car manufacturer Hyundai Motor Group, to pay customers $19 million for repeatedly furnishing inaccurate information to credit reporting agencies from 2016 to 2020, a violation of the Fair Credit Reporting Act (FCRA). According to the decision, Hyundai knew it was reporting inaccurate information, but failed to correct
Credit reports are crucial and utilized regularly to determine an individual’s creditworthiness to secure financing, loans, employment, housing, credit, and insurance. Negative marks on your credit report lower your overall creditworthiness and score and can follow you for years, affecting a potential lender, landlord, or employer from accepting your applications. Late payment, even one, alter