The Fair Credit Reporting Act (FCRA) governs how credit bureaus function and limits what they can do. Credit bureaus collect financial data that they provide to lenders who are seeking information about an individual’s credit worthiness. This information is used in a variety of ways, including employment decisions, insurance underwriting, professional licensing and child support determinations. This information is also used to decide whether or not to grant credit to someone seeking a mortgage or other loan, as well as the approval of a short sale.
Because of the importance of the information reported by consumer credit reporting agencies, individuals must take steps to review and repair their credit information. The law requires that a free credit report be provided to the consumer once each year upon request. It is important to have any inaccuracies corrected.
At The Schwartz Law Firm, in Las Vegas, Nevada, our attorneys help clients who suffered credit harm from a short sale, including correcting inaccurate credit information. We help them take the preliminary steps required to repair their credit before they are eligible to litigate the matter. These include:
In theory, these actions are all that is necessary to correct inaccurate credit information. In reality, bad information can remain in credit bureau and creditor databases for many years. The consumer must file a lawsuit if creditors and credit agencies are unresponsive or unwilling to voluntarily repair credit. Our lawyers take action on behalf of clients whose credit rating has been hurt by incorrect information. Because of our involvement in short sales, foreclosures and bankruptcies, we understand the challenges involved in consumer credit repair.
At The Schwartz Law Firm, we will assess your unique financial situation, ask the right questions and explain the legal and financial alternatives available in clear and understandable language. Contact us to learn more about consumer credit repair.
We have Spanish-speaking staff to assist those who communicate best in Spanish.
"Since the first day we met you, you have taken the pressure from us and guided us through this whole foreign process. Sam and Brian are wonderful and I think that trickles down into the rest of the office staff. I cannot say enough about your law firm and the people in it!!! You were right about everything. Brian was so on it yesterday. I was saying a little prayer the whole time but he is wonderful as well and reassured us everything was going to be ok. He just guided us along, so we knew what to expect."
- Shawn R.
"Schwartz Law firm did an incredible job of handling the sale of our home. They handled our biggest fear of managing the negotiation with the big bank, and simplified what could have been a frightening process for our family. Without their help, I do not believe we would have been able to negotiate the sale of our house in this economic environment. No one should try a workout directly with a bank without their help."
- Bob D.
"I just wanted to say THANK YOU for all of your hard work, organization and vast knowledge in helping us with our bankruptcy. I know we are not completely done yet but I did not want you to go on leave without letting you know what a wonderful help you have been. You are so calm and patient and make us feel like we are the only client you are working on. Your whole office is incredible."
- Shawna R.