The Fair Credit Reporting Act (FCRA) requires that the three national credit reporting agencies (Equifax, Experian, and TransUnion) supply you with a free credit report every year. With this important information so readily available, there’s no reason not to check your credit report.
It’s a good idea to regularly check your credit report. Keeping tabs on your credit helps prevent unwelcome surprises like these:
- Identity theft: We live in an age when it’s easier than ever for criminals to obtain your personally identifying information and pretend to be you. When your information is stolen, it can devastate your credit report and credit score for years to come. Early detection is the best defense to mitigate the damages caused by identity theft.
- Incorrect reporting: Your credit history directly affects your ability to get a loan, and your credit report is meant to summarize your credit history, including negative information like late payments, defaults, and bankruptcies. But sometimes information gets reported incorrectly, and it’s in your best interest to discover such inaccuracies before they have a chance to ruin your credit and your chances for a loan.
- Consumer fraud: If you’ve ever been incorrectly charged for something you either did not buy or that you returned and failed to receive credit for, your credit report may indicate that you are in default on an account, even though you think that you’re in the clear. Unscrupulous companies may try to use your good credit to prop up their own mistakes.
Your credit report affects virtually every aspect of your life. If you are suffering because of bad credit, you may be able to take action to reverse the bad report. Howard Silver has been handling legal issues associated with credit reporting for more than 25 years, and he can make sure your rights are protected.
Please contact the Law Office of Howard D. Silver today to arrange your no-obligation case evaluation. Mr. Silver serves clients in Los Angeles, Riverside, Ventura, and San Bernardino Counties, and throughout California.