Demystifying Credit Reporting Investigations
At Parker & Ellis Law Group, we understand the importance of proper credit reporting as it affects both personal and business finances. Credit Reporting Investigations are a unique service focusing on ensuring credit reports contain accurate, timely, and legally compliant information. Whether you are a creditor attempting to enforce an existing judgment or are concerned about the potential effects of litigation on your personal or business credit, our skilled legal team assists you carefully through the process, always protecting your rights.
Credit Reporting Investigation FAQs
Credit reporting investigation is the process of examining and verifying information that appears in a credit report, usually by working with the big three credit bureaus – TransUnion, Experian, and Equifax. An adverse judgment, an unpaid debt, or a lien can show up somewhere on a debtor’s credit profile and can have a significant effect on the debtor’s ability to qualify for credit. Employing proper methodologies, our firm helps clients not only report legitimate debts to the credit bureaus, but also respond to inaccurate information or stale data and ensure that the credit record is accurate and complies with federal law, including the Fair Credit Reporting Act (FCRA).
Credit Reporting Investigations & Your Credit Score
Credit scores are measurements of credit risk that are expressed as a number derived from information contained in a consumer’s credit report. A civil judgment, a collection account, or a lien can be especially damaging to a debtor’s credit score when reported to a credit reporting agency. A debtor’s ability to secure a loan, rent a home or apartment, and receive a favorable interest rate on a loan can all be affected by this type of information. In addition, debtors whose scores are inaccurate, or contain out-of-date information, may be able to improve their credit scores simply by correcting entries that should not have been made.
We at Parker & Ellis Law Group understand the implications of having these types of entries made to your credit report and take action to correct them no matter what that takes. Sometimes, it involves reporting an unpaid civil judgment to activate the obligation for it to be paid. Other times, it requires contesting inaccurate entries to enable you to maintain your credit rating.
Our Credit Reporting Investigation Offerings
Parker & Ellis Law Group provides a full range of credit reporting investigation solutions for both debtors and creditors:
- Acting to verify and enforce civil judgments through reporting
- Investigating and challenging inaccurate, outdated, or fraudulent credit entries
- Coordinating and communicating with all three major credit bureaus to advance the case
- Legal consultation to promote compliant and best practices under the FCRA
- Representation and assistance with debt resolution, or removal of adverse entries – where warranted
Our attorneys work to ensure that every step is taken in accordance with governing law and maximizes the likelihood of a favorable outcome.
Credit Reporting Investigations & Creditors
For creditors, entry of a debt or judgment to the credit bureaus is often an effective enforcement tool. A negative impact on the debtor’s credit report is often the impetus for repayment. Our staff handles every step in the process from verifying the judgment to reporting the accurate information to the credit bureaus. In most cases, just the entry of a negative report will cause a debtor to pay the account or negotiate for repayment, which leads to a faster recovery of debt and less involvement in further litigation.
Consumer Rights in Credit Reporting Investigations
Credit reporting mistakes can arise from mistaken identity, clerical blunders, or old information. These errors can negatively affect a consumer’s credit score and result in denial of a loan, increased interest rates, or reputational harm. Parker & Ellis Law Group represents consumers to challenge and remove these mistakes. Our law firm examines your credit report, finds problematic entries, and liaises with bureaus and lenders to attempt to challenge and potentially remove these errors. Our efforts can help you restore your creditworthiness and peace of mind.
Credit Reporting & Judgments
Aggressive judgment enforcement is fundamental to our practice. Utilizing credit reporting as part of the enforcement procedure maximizes the pressure on a judgment debtor to pay past due judgments. In addition to various enforcement remedies such as wage garnishment, bank levies, and liens on property, credit reporting serves as an additional sanction for nonpayment. Our holistic approach provides our clientele with every available tool needed to maximize their chances of collecting what is owed, while at the same time facilitating compliance with all applicable legal requirements.
Parker & Ellis Law Group remains open during business hours (California) and is fully capable of handling your collection needs. Give us a call.
Credit Reporting Investigation Steps
We take a transparent and efficient approach that is client centric: 1) Initial Consultation – whether client is looking to enforce a judgment or challenge an adverse entry 2) Documentation Review – all necessary legal and financial documentation is collected. 3) Bureau Communication – Detailed reports or disputes are prepared and submitted to TransUnion, Experian and Equifax 4) Ongoing Follow Up – Investigation status is followed and expeditiously advanced 5) Resolution and Reporting – upon completion of investigation, contested findings will be summarized and additional legal action/negotiation will occur where appropriate.
What Sets Parker & Ellis Law Group Apart?
A leader in civil litigation, judgment enforcement, and credit reporting, Parker & Ellis Law Group combines over ten years of experience with a client-centric focus and aggressive representation. Our attorneys complement their knowledge of the law with practical advice and employ whatever legal means necessary to pursue available remedies. Our clients can access our online case management service for single sign-on case status updates and convenient payments, demonstrating our dedication to providing services efficiently and transparently. From individual consumers to corporate entities, we help our clients navigate the often confusing credit reporting investigation process.
Manage Your Credit Reporting Today
Whether you’re a creditor trying to have a judgment paid or a consumer wanting something removed from your credit, Parker & Ellis Law Group can help. With a wealth of services, aggressive collection tactics, and solid understanding of credit laws, Parker & Ellis Law Group is the attorney you need in your corner. To check your status, make a payment or to schedule your consultation at Parker & Ellis Law Group, visit the website at https://parkerellislaw.com/, call (858) 385-9257 or email [email protected].