Applying for Credit
After and identity theft, many identity theft victims avoid applying for new credit. These victims known that their credit reports include false information and inquiries from creditors that they never applied to for credit. These errors lead many consumers to believe that they will automatically be denied creditor, and worried that they will be embarrassed about the poor state of their credit report or credit score. But even if you have inaccuracies on your report, you should think twice before you avoid asking for new credit. Do not avoid applying for credit if you would normally apply.
Two Good Reasons
We recommend that our clients not allow errors or any potential litigation keep them arom applying for credit for two reasons.
(ii) On the applicant's request, any information the applicant may present that tends to indicate the credit history being considered by the creditor does not accurately reflect the applicant's creditworthiness. . .
12 CFR 202.6(6)(ii). Therefore, if you have inaccurate information on your credit reports, the creditor has a duty to consider your credit application based on your true credit history, and not simply rely on the credit report. If the creditor ignores your dispute, you can seek a remedy from that creditor under the Equal Credit Opportunity Act (“ECOA”). You may also be able to seek a remedy for harm from the credit reporting agency under the Fair Credit Reporting Act (“FCRA”) if you are denied credit based on inaccurate reporting by the credit reporting agency.
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What Additional Resources Are Available to Help?
- Want to see a list of the credit bureaus who keep data on you? Check out our Credit Bureau List.
- If you need help deciding which reports you need, you can read our article on Credit Reports to Order.
- Need help getting your credit report, see our article on How to Get Your Credit Report.
You may have a case under the Fair Credit Reporting Act if you notice the following things on your background report:
- Fraudulent identity theft accounts on your credit credit report.
- Someone else's Information on your credit report.
- Paid accounts still showing a balance due.
- Reporting your accounts in good standing as charged off or in collections.
- Discharged debts still reporting as owed.
- Paid tax lies showing as still owed.
- Derogatory accounts more than 7 years old still on your report.
- Previously deleted accounts that have been reinserted on your report.
- Duplicate reporting of the same account.
If you would like help with one of these problems, call (888) 400-CREDIT | (888) 400-2733 or contact us through this site.
Credit Restoration and Compensation
If you have completed the dispute process and you still can't get the credit bureaus to correct your report, the FCRA allows you to sue agencies. In most cases we are able to remove the false information, correct the report and get compensation for any credit denials, job loss, or emotional harm caused by the other side's violation of the law.
Your Fees Paid for You
We only charge a fee if we are able to recover for you, and The Fair Credit Reporting Act requires the other side to pay your attorney's fees if you win. You pay nothing up front and we take our fee from the other side.
Help with Your Dispute
If you would like help with your credit report dispute, you can call our office at (888) 400-CREDIT or simply send us an email through this site. If you prefer, you can visit our resource page for credit report request letters and sample disputes
Follow Up and Monitoring
After your case is done, we will help you to regularly check and monitor your background checks with free annual reviews of your background checks and credit reports to insure that you stay free of false conviction information.
Work with an Experienced Credit Report Attorney
If you have been the subject of an inaccurate credit report, you may have be able to seek a correction and compensation for any harm. Our firm can help. For more than 25 years, the attorneys of Lyngklip & Associates have represented victims of bogus credit reports credit reports and been a resource for Michigan consumers who need the help of an experienced lawyer.
To learn more or to schedule a free initial consultation with a credit report lawyer, contact our law firm today or call (888) 400-CREDIT | (888) 400-2733 or contact us through this site. In Michigan, you can reach our office at (248) 208-8864.