I’ve heard many people complain bitterly about the American credit scoring system. There are many arguments for and against the system. Yesterday, I talked about the merits of the credit scoring system. Today I will give arguments against the system.
Proponents of the system will argue the credit scoring system is [...]
Entries Tagged as 'transunion'
FICO.com suing “Big 3″ Credit Bureaus for Trademark Infringement
August 6th, 2009 · No Comments · Credit Bureaus and Scores, Legal Stuff
In what looks to be a battle of Goliaths, Fair Issac’s FICO.com brought suit against Experian, TransUnion, Equifax and VantageScore for trademark infringement, anti-trust unfair competition, passing-off claims and false advertising.
Recently, United States District Court in Minneapolis dismissed the antitrust and false advertising claims asserted by FICO against Experian, Trans Union, Equifax and [...]
Tags: anti-trust·Equifa·Expxerian·Fair Isaac·FICO·lawsuit·press release·trademark infringement·transunion·unfair comepetition
New Service Provides Collection Agencies List of Clients in Litigation
June 25th, 2009 · 3 Comments · Debt Collection, I'm suing those guys!, Legal Stuff
As an unintended consequence, consumers who defend themselves against collection agencies who violate of the Fair Debt Collection Practices Act (FDCPA) will now find themselves on a special list. One company is now offering its clients a list of everyone who has sued a creditor or collection agency. This is meant for the clients [...]
Tags: collection agency·collections·consumers·court cases·Courts·Fair Debt Collection Practices Act·FDCPA·lawsuits·Litigation·transunion
Court Orders Credit Reporting Agencies to Correct Bankruptcy Debts
October 2nd, 2008 · No Comments · Bankruptcy, Consumer Debt, Credit Reports
A recent court order requires the three major credit-reporting bureaus — Experian Group Ltd, Equifax Inc. and TransUnion LLC — to clean up the credit files of millions of consumers who have filed for Chapter 7 bankruptcy. The problem: Old debts, which are typically forgiven by the courts in a bankruptcy filing, are still being [...]
Tags: Credit Reporting Agencies·Equifax·Experian·Included in Bankruptcy·transunion·Update Tradelines
