Once again, my favorite consumer attorney, Leonard Bennett, is taking the credit bureaus to task. He contributed to a January 2009 report to the FTC which documents the way credit bureaus investigate consumers disputes (the report was written by Chi Chi Wu). It concludes credit bureaus are breaking the law [...]
Entries Tagged as 'FTC'
Credit Bureaus Employ Illegal Methods to Investigate Disputes
July 23rd, 2009 · 6 Comments · Credit Bureaus and Scores, Credit Repair, Credit Reports
Tags: automated investigations·Congress·credit report disputes·Credit Reports·eOscar·Equifax·FCRA·FTC·Good Credit·information furnisher·investigations·Leonard Bennett
How Can I Consolidate my Debt without Paying Fees?
July 21st, 2009 · No Comments · Consumer Debt, Credit Cards, Debt Settlement
Hmmm….another one of these “How do I diet without dieting?” questions. All sarcasm aside, this request for information is fairly common, so I thought give my thoughts on the matter.
Q. How Can I Consolidate my Debt without Paying Fees?
A. I assume when you say “consolidate”, you mean that you want to [...]
Tags: CCCS·Consumer Credit Cousneling Service·credit·Credit Cards·debt consolidation·Debt Settlement·do-it-yourself·equity·FTC·professional debt consolidation service·Seond mortgage
Do Collection Agency “Cease and Desist” Letters Prevent Response to Credit Disputes?
July 10th, 2009 · 2 Comments · Consumer Debt, Debt Collection, Legal Stuff
The FDCPA was written with an eye towards protecting consumers from collection agency harassment. Under the FDCPA, a collection agency must cease communication with a consumer upon written request from that consumer.
Under the Fair Credit Reporting Act, consumers are allowed to directly dispute negative listings with information furnishers. An example of [...]
Tags: cease and desist·collection agency·Consumer Debt·consumers·credit disputes·credit report·FCRA·FDCPA·FTC·information furnishers·investigation request·written request
