CreditFactors

Arthur Miller v. Cohen & Slamowitz: attorney’s failure to conduct meaningful review violates FDCPA

Christine — Mon, 12 Jul 2010 22:15:33 +0000

This case has been litigated since 2001. Originally, notorious collection law firm Wolpoff & Abramson was one of the defendants as they had referred the account to Upton, Cohen & Slamowitz. Wolpoff then merged with Mann Bracken and they went bankrupt when Minnesota put an end to the National Arbitration Forum SCAM. Giant Debt Collector [...]

You do NOT owe income tax after settling collections if you were INSOLVENT

Christine — Thu, 08 Jul 2010 00:29:37 +0000

I’m currently working with a client who is considering settling debts and concerned with having to pay income tax as his accounts are still owned by the original creditors. So I did some research and I just reviewed the current rules. As always, I’m NOT an attorney or CPA — please read the IRS instructions yourself [...]

FICO scores STILL create fictitious late payments on Equifax reports

Christine — Fri, 04 Jun 2010 07:17:17 +0000

Over three years ago I documented that Equifax myFICO reports often contain entirely FICTITIOUS and extremely FICO score lowering RECENT late payments. A FICO scoring software “bug” misinterpreted the charge-off reporting as late payment. This can NOT be fixed by Equifax as the Equifax direct report does not contain these late payments. I notified Fair Isaac, but [...]

Experian refusal to investigate factual credit disputes and FALSE accusations of FRAUD

Christine — Tue, 04 May 2010 19:08:24 +0000

Here is the repost from the new Liars and Cheats EXPOSED blog at FTC complaint about Experian refusal to investigate factual credit disputes and the documentation and correspondence is posted there. My client actually INCLUDED a copy of his drivers license and utility bill with his factual disputes AND [...]

New blogs on credit reports, collections and credit litigation

Christine — Sat, 13 Mar 2010 08:52:45 +0000

I haven’t had time to post here because I’ve been very busy setting up new blogs at Liars and Cheats EXPOSED: BBVA Compass Bank CLOSED my Accounts to RETALIATE for my Publications Cohen & Slamowitz Unfair Collection Litigation Practices Credit Bureau Experian and DeVry Reporting False Late Payments and Refusal to Delete Credit Reporting and Debt [...]

Major upgrade to the CreditFactors Knowledgebase

Christine — Wed, 10 Feb 2010 08:41:23 +0000

KBPublisher is the software I’m using to organize CreditFactors subscriber resources and it currently contains 166 articles on credit reporting, disputes, FICO credit scoring, dealing with collectors and lawsuits — all organized by category and searchable. I have been using the free KBPublisher software since 2007 after trying software costing $500 and more and I was [...]

ONE inquiry is the 3rd negative factor for 725 Equifax FICO score

Christine — Tue, 26 Jan 2010 02:57:47 +0000

Sorry I haven’t posted here in such a long time, been SO busy. Below are the Equifax FICO score factors proving that just ONE inquiry can seriously lower the FICO scores. And it’s an OLD inquiry from 1/29/09 — about to be ignored. This was not a credit application, but for an AT& T cell phone. Don’t [...]

Update: White v. Experian class action settlement

Christine — Tue, 20 Oct 2009 08:06:03 +0000

I previously posted White v. Experian et al: CRAs must update SOME discharged accounts after bankruptcy filing with the detailed analysis of the settlement with respect to credit reporting. Recently they sent notices to the class members and here is my post with more information on the settlement: White v Experian class action: how to claim your award for [...]

Collections do NOT have to be disputed “in writing”

Christine — Mon, 12 Oct 2009 20:51:39 +0000

Another interesting excerpt from the Midland / Brent opinion: In addition to clerical mistakes, the Sixth Circuit has also allowed the bona fide error defense for mistakes of law. Jerman, 538 F.3d at 472-73. The debt collector in Jerman sent a letter that included the statement that a dispute of the debt must be made in writing. [...]

Class action: federal court holds “personal knowledge” in debt buyer Midland affidavit “patently false”

Christine — Fri, 09 Oct 2009 04:56:13 +0000

When debt buyer Midland (Encore owned) sued Brent in Ohio state court for an OLD Associates (now CitiFinancial) debt, she retained an attorney who removed the case to federal court. He filed counter claims for violations of the FDCPA as well as Ohio law and went on to file for class certification. Judge Katz recently granted [...]