Credit Blog

Punitive damages under the Fair Credit Reporting Act are, in our view, appropriate in all mixed file cases. Why?  Because mixed files are viewed by Equifax, Experian, and TransUnion as a cost of doing business.

Procedures followed by credit bureaus like Equifax, Experian, and TransUnion are often less than what is reasonable to assure maximum possible accuracy.  A common result of flawed procedures by the credit bureaus is what is known as a mixed file.

Stay away from credit repair shops and other companies that charge a monthly fee.  Your right under federal law -- the Fair Credit Reporting Act -- is to have an accurate credit report.  To enforce that right, consult with a qualified and experienced consumer litigation attorney, whether our firm or another reputable lawyer.  Most are members of the National Association of Consumer Advocates. 

The Seven Year Obsolescence Rule - With the exception of five specific types of information, no negative item (most commonly late payments) can remain on a credit report for more than seven years from the date the account first became negative (i.e., the date of first delinquency)....

Will disputing an inaccurate credit report harm my credit score? No!  And you should consult with an experienced consumer attorney about how to best dispute all inaccurate information on your credit report.

Yes, there are millions of Americans whose credit files are mixed and merged. It is a massive problem, one in which your credit file may be one of those millions of mixed files or a merged files.  We, at Sherman & Ticchio, can help! Blame for mixed files lies squarely with consumer reporting age...

Imagine how staggering a problem truly is baked into the credit reporting system based on (1) the sheer volume of the complaints received and addressed in 2020 by the CFPB and (2) the fact that just a fraction of the public actually checks their Equifax, Experian, and TransUnion credit reports with any degree of regularity.  There is a lesson you can learn here, and it is this -- Regularly reviewing your credit reports with Equifax, Experian, and TransUnion (something with which we can assist you at no cost) is an essential element of maintaining your financial fitness.

"Credit lawyer" is a short-hand term for an attorney, like the lawyers at Sherman & Ticchio, who guide consumers through the process of disputing inaccurate items on their credit reports or background check reports and, if necessary, file federal lawsuits on behalf of consumers under the Fair Cre...