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Tag Archives: fair credit reporting act

New bill targets paid-off medical debt

Kelly Dilworth

Lingering medical bills may not haunt your credit reports for long if a bipartisan group of lawmakers get their way. For the seventh year in a row, lawmakers in both the House of Representatives and the Senate are pushing legislation…
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I’m not William. Wrong number robocalls hard to fight

Kelly Dilworth

For more than a year now, I’ve been living with constant calls from debt collectors, but the calls are for a man named William. No matter how many times I tell the callers they’ve got the wrong number, they keep calling back. And now I’m getting robocalls, with no chance of talking to a live person to explain that I’m not William.
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Why does negative info stay on your credit report 7 years? No one knows

Fred Williams

Why do unpaid loans take seven years to expire from your credit report? Good question. Industry experts don’t know how the period came to be embedded in the Fair Credit Reporting Act. Even one of the authors of the 1970 law isn’t sure.
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Is Google a credit reporting agency?

Kelly Dilworth

Creditors may not be able to see on your traditional credit report what you did more than 10 years ago. But there’s nothing stopping them from looking you up online and searching the public records information that Google makes so easily available.
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Your financial-details-for-sale: Monitor at your own risk

Kelly Dilworth

The CFPB is recommending that consumers ask for their file disclosures from each of the specialty consumer reporting companies that are collecting their financial minutiae — ranging from utility payments to insurance claims — at least once per year.

The problem is it takes so much time and effort to pull every report that could possibly be misreporting your financial information that only the most dedicated consumers — with plenty of free time — are likely to follow through.

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