Are Credit Reports Errors destroying your Reputation?

Are Credit Reports Errors destroying your Reputation? from Southside Law Office

By: Southside Law Office  07/28/2014
Keywords: credit reports, Credit Reporting, Consumer Credit

Often times there are mistakes on consumer credit reports that negatively affect an individual’s ability to secure credit. In some cases a families inability to temporarily use credit to make mortgage or car payments during a financial crisis, leaves them with no choice but to file for bankruptcy. What if mistakes on the credit report could and should have been corrected, but were not? The Federal Trade Commission study found that of the 1,001 consumers who reviewed 2,968 of their credit reports, 21 percent contained errors. The survey, which is required as part of a 2003 law, found that 5 percent of the errors represented issues that would lead consumers to be denied credit. These recent legal issues against credit reporting bureaus point out the importance of consulting with a bankruptcy attorney when you’re facing debt problems. It takes a seasoned attorney to review and find discrepancies that may be contributing to your financial problems. If you’re looking for thorough debt relief attorneys to review your financial situation, please call Southside Law Office today: 414-482-8000

Keywords: Consumer Credit, Credit Reporting, credit reports, milwaukee bankruptcy