FCRA LITIGATION

Protecting Your Credit with The Law Offices of Andrew S. Cho

Serving Los Angeles, Orange, Riverside, And San Bernardino Counties

When it comes to safeguarding your credit, having accurate information is crucial. Inaccurate details about your past and current debts, credit status, and other significant aspects can lead to severe consequences. These may include a decrease in your credit score, difficulties in obtaining further credit, and various financial issues.

At The Law Offices of Andrew S. Cho, our team of fair debt collection attorneys are dedicated to fighting for individuals like you in Los Angeles, Orange, Riverside, And San Bernardino Counties. With a comprehensive understanding of the Fair Credit Reporting Act (FCRA) and other relevant laws, our attorneys adopt a strategic and assertive approach to protect you against FCRA violations.

What does the Fair Credit Reporting Act entail?

The FCRA establishes a set of guidelines and standards for credit reporting agencies, creditors, and businesses involved in handling consumer credit information. It outlines rules concerning the collection, accuracy, and utilization of consumer credit data. Key provisions of the FCRA include:

1. Accuracy in Reporting: The FCRA mandates that credit reporting agencies and data furnishers maintain precise and up-to-date information regarding consumers' credit history. Inaccurate or outdated information can significantly impact individuals' creditworthiness.

2. Privacy and Consent: The FCRA requires obtaining individuals' consent before sharing their credit information with third parties for specific purposes, such as employment background checks. It also safeguards consumer privacy by restricting access to their credit reports.

3. Dispute Resolution: The FCRA provides a mechanism for consumers to dispute any inaccurate or incomplete information on their credit reports. Credit reporting agencies are obligated to investigate and rectify any errors within a reasonable timeframe.

What Are Common Violations Of The FCRA?

The FCRA, or Fair Credit Reporting Act, is a crucial piece of legislation that aims to safeguard the rights of debtors and ensure the accurate reporting of financial information. It encompasses various provisions that address different aspects of credit reporting and debtors' rights. It is imperative for individuals to comprehend these provisions in order to safeguard their credit and overall financial well-being.

One prevalent violation of the FCRA involves inaccuracies in credit reporting. Identity theft and mixed files are common situations the result in inaccuracies.  Credit reporting agencies and data furnishers may unintentionally or intentionally report incorrect information, such as late payments, accounts in collections, or erroneous account closures. These inaccuracies can have a significant impact on individuals' credit scores and financial well-being. They may lead to credit denials, higher interest rates, and even difficulties in securing employment or housing.

If you have encountered a violation of your rights, it is advisable to consult with an attorney from our firm. Our lawyers are assertive litigators who will vigorously advocate for your rights. Many individuals facing credit problems caused by inaccurate reporting often feel powerless and unaware of their rights or available options. However, we possess the experience and resources necessary to assist you.

CONTACT US FOR A FREE CONSULT.

Even if you are uncertain about whether a violation of the FCRA has occurred, we encourage you to reach out to us. We provide free initial case evaluations, during which our lawyers will assess your situation to determine if you have grounds for a claim. You can reach us at (714) 881-0009 to schedule your free consultation.