40 Million Mistakes – Experian, Transunion, Equifax….

40 Million MistakesAre you been overcharged for credit card debts, auto loans, mortgage loans,  or insurance policies?

A report by the Federal Trade Commission, completed in December, found that 21% of of American consumers discovered a “confirmed material error” in at least one of the credit reports issued by the Big Three credit reporting bureaus — Experian, Equifax and TransUnion. The agencies track the credit histories of over 200 million Americans. If the FTC’s findings are accurate, that means some 40 million Americans have a mistake on one of their credit reports, and 10 million are potentially overpaying as a result.

A recent investigation on 60 Minutes by Steve Kroft confirms the 40 Million Mistakes.

Order Your Free Report. The first step in learning about your credit report is to order copies from the three main credit bureaus and read these reports carefully. This will allow you to see if the bad information you think is listed in the report is really there. You may want to order your free credit report by phone or mail, and not on-line. If your order by phone or mail, you will receive a paper credit report that has more information and is easier to read than the electronic version. Also, if you order your credit report on-line, there may be risk that you might waive your right to take the credit bureaus to court.

Free Annual Credit Reports. You can get your free credit reports from the centralized request service by:

  • Going to www.annualcreditreport.com;
  • Calling 1-877-322-8228; or
  • Completing the Annual Credit Request Form and mailing it to: Annual Credit Report Request Service at P.O. Box 105281, Atlanta, GA 30348-5281

You can download the form at www.ftc.gov/credit. You can download all three reports at no cost when you go to the centralized service or just one at a time if you prefer.

Fair Credit Reporting Act (FCRA). The Fair Credit Reporting Act (FCRA) was established to promote the accuracy and privacy of the information collected and distributed by credit reporting agencies. The Fair Credit Reporting Act provides consumers with a number of rights and gives consumers an avenue for relief once errors are detected in credit information. Some of your rights under the FCRA include:

  • Right to view your credit report
  • Right to know if your information was used against you (in denial for a loan, for example)
  • Right to dispute inaccurate or incomplete information
  • Right to have inaccurate information corrected
  • Right to pursue damages against violators of the FCRA

Get Credit Reporting Errors Fixed. Don’t let mistakes on your credit report cause further financial problems. I will assert your rights under the Fair Credit Reporting Act. I am a consumer rights attorney and participating member of the National Association of Consumer Advocates (NACA), a nationwide membership organization of consumer protection attorneys who represent and have represented thousands of consumers victimized by fraudulent, abusive, and predatory business practices.

Stephen M. Dunne has devoted his professional career to fighting for the rights of consumers.  Mr. Dunne is a consumer lawyer admitted in the State and Federal courts of Pennsylvania, and in numerous courts including the Third Circuit Court of Appeals and the Federal Circuit Court of Appeal for Veterans Claims. He has successfully briefed and argued cases in the federal appellate courts resulting in favorable decisions for his clients.

His practice is limited to the representation of consumers in financial transactions under the various state and federal consumer protection laws. He graduated from Pennsylvania State University, with a B.S. in Crime, Law and Justice in 2000, and earned his Juris Doctor Degree from New England Law in 2005.

Mr. Dunne concentrates his practice on the Fair Debt Collection Practices Act (FDCPA), the Fair Credit Reporting Act (FCRA), the Pennsylvania Fair Credit Extension Uniformity Act, Truth in Lending (TILA), Lemon Law, breach of warranty, and consumer fraud cases, as well as, representing consumers in debt defense cases, bankruptcy and foreclosures.

Mr. Dunne is an active member of the National Association of Consumer Advocates (NACA), and the National Association of Consumer Bankruptcy Attorneys (NACBA) and the Philadelphia Bar Association (PBA).

Mr. Dunne is highly regarded throughout the legal community for his continuing efforts in helping consumers solve their financial issues. He frequently appears in local and national media discussing consumer rights issues. Mr. Dunne has appeared on Fox News, written articles for the Philadelphia Inquirer, Philadelphia Daily News and the Nation.

Mr. Dunne has been consistently voted and named one of Pennsylvania’s Super Lawyers byLaw and Politics published by Philadelphia Magazine and Pennsylvania Super Lawyer for the years 2012-2013.

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