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4 Benefits of Using an Expert Witness for Your Consumer Debt Case
Did you know that consumer debt cases are one of the most rapidly growing case type in the country? If you're a consumer debt attorney, your services are more in demand than ever before. But if you're seeing an influx of consumer debt cases, you may be encountering...
Consumer Credit: Your Essential Guide to the Fair Credit Reporting Act
Credit is one of those topics that isn't taught as widely as it should be. Many people have no idea how much information credit bureaus receive or what types of actions and accounts affect their credit scores. This is part of the reason over one-third of Americans...
Here’s Everything You Need To Know About the Fair Debt Collection Practices Act
When the debt collectors come knocking on your door or calling your work phone, there are important things to know about your rights. In essence, your rights are preserved and protected by the Fair Debt Collection Practices Act, which provides guidelines on debt...
Expert Credit Assistance in 2021
Has your credit taken a hit in 2020? If the answer is yes you are not alone. Many people just like you have seen a good credit score turn bad. Yet, you don't have to leave your credit like that in 2021. There are credit experts available that can provide you with...
A Guide to Credit Expert Witnesses and Credit Damage Assessment
If you’re putting together a case about credit scores and credit reporting, an expert damage assessment can help you more than you think. Here’s how.
How to Find and Fix Credit Score Errors
Anytime you want to get a loan for a car or home, the lender will look at your credit report and score to determine your risk level. Potential employers may look at your credit score when applying for a job as well. Your credit score and credit reports are important...
Everything You Need to Know About Finding Expert Witnesses
It is often helpful in court to have expert witnesses capable of presenting informed evidence and facts, but where and how do you find them?
Equifax Wins Case Regarding Omitting Cap One Trade Line
Background to the case – Hammer VS Equifax In 2010, the plaintiff acquired a credit from Capital One and was timely about the payments made to the card every month. The three major credit reporting agencies (CRAs); Equifax, Experian and TransUnion, all reported this...
Restarting Statute of Limitations
What is the statute of limitations? The statute of limitations is the length of time a debt collector can take legal action for a defaulted debt that has not been repaid. Legal action is generally the last course of action a debt collector wants to take, especially if...
ITT Settles Student Loans
What is ITT Educational Services Inc.? ITT Educational Services Inc. is a trade school related to Educational Services. They ended up setting their student loan problem with the Consumer Financial Protection Bureau (CFPB). ITT Educational Services Inc. filed for...
What is a FICO score?
What is a FICO score? The Fair Isaac Corporation invented the FICO score a few decades ago, which makes it easy for lenders to gauge the risk of a possible consumer. The lender can vary from an auto dealer to mortgage. With just a quick glance to the three-digit...
Two Plaintiffs Sue Midland and Fail
In 2020, two plaintiffs tried to sue Midland and then failed in the Trichell VS Midland credit management. Midland credit management is another entity of Encore, similar to Midland funding. Background to the case The first plaintiff, John Trichell, defaulted on...
CFPB sues Midland: Again
What is Encore and Midland funding? Encore Capital Group Incorporated is the 'mother-ship' of Midland funding. Encore is based out in Delaware but has business deals in San Diego, California Midland funding LLC. Most businesses register in Delaware for tax breaks. The...
Questions & Answers
What makes a debt collector take legal action? It is actually a scoring process, just as the Fair Isaac Corporation (FICO) score for credit reports to assume the likelihood of a consumer being late. Back in the 80s and early 90s, FICO scoring was used to score the...
Least Sophisticated Consumer Standard Rules Again
Background of the case The Reitz VS Credit Systems of Fox Valley Incorporated case was out of the Eastern District of Wisconsin. Robert Reitz, Douglas Pundsack and Julie Roellchen who are the plaintiffs, sued Credit Systems in February 2020, because of a collection...
Proposed FDCPA Changes
What does the FDCPA do? FDCPA, Fair Debt Collection Practices Art was initially enacted in 1978. The basic function of FDCPA is to protect consumers from unprofessional, unethical and illegal behavior from debt collectors. It applies to third party debt collectors,...
Auto Loan vs Retail Installment Contract: What You Need To Know About Your Car Loan
Boost Your Credit Score With Netflix Payments? Major Experian Boost Update
The Joe Credit Show Ep. 10 | Steps to Take When An Account Isn’t Reporting
Auto Loans vs. Retail Instalment Contracts
What is a Retail Instalment Contract (RIC)? RIC is a version of indirect lending. For example, a consumer goes to a dealership to buy a car. The car is selected, and it is time to finance it. The finance managers would run the credit application and scrub it against...