The lawyer that handles credit reports is used by businesses and lenders to assess a consumer’s financial history. These reports can contain information about loans, credit cards, debts, public records, and collections. The report also includes a FICO or VantageScore score, which helps determine creditworthiness. It’s important to know what’s in your credit report, so you can prepare for potential issues with borrowing money or renting an apartment.
Credit reporting agencies may make mistakes, and it’s your right to dispute inaccurate information. The Fair Credit Reporting Act requires CRAs to investigate a consumer’s complaint within 30 days and remove or correct the disputed information. If a CRA ignores your dispute, you can take legal action against them for violating the law.
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A credit report lawyer can help you fight for your rights. They can review your credit file and identify incorrect or outdated information, as well as work to improve your score. They will communicate with the CRAs on your behalf, and they can even provide representation in court to get results.
A good credit report attorney will take the time to understand your case and keep you informed throughout the process, so you can feel involved in your case. They can also help you understand your legal rights, including claiming damages from credit repair companies for misleading or deceptive practices. In the event of a violation of New York State’s version of the Fair Credit Reporting Act, the credit reporting agency or the user of the information can be held liable for actual damages and punitive damages as determined by the court.