Washington DC Credit Report Lawyer

Many people do not fully comprehend how important it is to monitor your credit report for accuracy. Your credit report can have a dramatic impact on your life, particularly when you are interested in obtaining a line of credit, or applying for a mortgage, auto loan, credit card, or any other type of loan. 

Unfortunately, it is often not until you need credit the most that you discover problems with your credit report. However, when you retain an experienced Washington D.C. credit report lawyer at Berger Montague to help correct the problems with your credit report, you can take steps to hold the credit reporting agencies accountable and get your credit report back on track.

man working with his lawyer

Contact a lawyer for help correcting an incorrect credit report in Washington DC.

What Are Credit Reports?

Your credit report contains information that allows lenders to determine whether you should be approved for a loan, line of credit, as a tenant, or any other type of financial partner. Your credit score is determined based on the information contained within your credit report. 

There are three primary credit bureaus known as Equifax, TransUnion, and Experian. Each of these credit bureaus assigns its own three-digit credit score to your credit report. Each of the credit bureaus formulates its own credit report and scores. 

In general, credit scores range between 350 and 850. Generally, a credit score above 680 is considered good or excellent, while a score below 620 is considered fair, and anything below 500 is considered low. The higher your credit score, the more likely it is that lenders will be willing to partner with you financially. 

Having a good credit score may make it easier for you to obtain a low interest rate on a home mortgage, personal loan, or auto loan. You may also be able to obtain better employment and be approved for housing as a tenant if your credit score is considered good. Unfortunately, when credit bureaus make mistakes on your credit report, it can have a devastating impact on your life in many ways.

Why Your Credit Report Matters in Washington DC 

Although having a good credit score can have a positive impact on your life and make it easier for you to obtain lines of credit, loans, and financial partnerships, having a poor credit score or issues with your credit report can have an adverse impact on your life. 

Some of the most common ways individuals are impacted by poor credit and inaccuracies or discrepancies on their credit report include:

  • Being denied a mortgage loan
  • Being denied a credit card or loan of any kind
  • Being forced to accept high interest rates
  • Having higher insurance premiums
  • Being passed over for housing, phone contracts, utility bills, and other necessities
  • Being passed over for job opportunities that require a check of your credit score, especially in financial industries or other lines of work that require money management

These are just a few of the more common ways your life could be adversely affected if there are issues with your credit report or credit score. Fortunately, you can take steps to address issues with your credit report or score when you contact a Washington D.C. credit report attorney for help.

Common Issues with Washington DC Credit Reports 

You may be wondering how your credit score or your credit report could have reflected issues or discrepancies. After all, you are generally a person who pays your bills on time and in full. Unfortunately, credit reporting bureaus have been known for making mistakes in their reporting processes. 

Ensuring that your credit rating is accurate is critical if you hope to protect your financial future. Some of the more common credit report issues our firm has helped individuals like you cope with Include:

  • Improper name
  • Inaccurate phone number
  • Wrong Social Security number
  • Incorrect address
  • Inaccurate accounts opened through identity theft
  • Accounts belonging to someone who has the same name or a similar name to you
  • Inaccuracies with account status reporting
  • Accounts listed with inaccurate credit limits or balances
  • Accounts that appear multiple times with different creditors

These are just a few of the more common mistakes seen on individuals’ credit reports across Washington DC. Many people attempt to address these issues by contacting the creditors in question, or the lender is listed on their credit report. However, the best way to handle mistakes on your credit report is to work with an attorney who can help you go up against the credit reporting bureau.

What Happens When You Are Reported as Deceased on Your Credit Report?

One of the lesser-known mistakes made by credit reporting agencies is mistakenly reporting someone as deceased when they are living. Credit reporting agencies can accidentally list one or more accounts as being associated with someone who has passed away. 

The credit reporting agencies may have mixed you up with someone who the Social Security Administration (SSA)’s Death Master File lists as deceased. This could happen because you may have a Social Security Number or a name similar to someone who died. That similarity may result in you being labeled as deceased by one or more of the credit bureaus. If your credit report or Social Security number indicates that you are deceased, your entire life could be negatively affected in a number of ways, such as: 

  • Being denied a new mortgage
  • Trouble opening new bank accounts
  • Trouble accessing new lines of credit
  • Difficulty being approved for mortgages or tenancy
  • Difficulty obtaining or renewing your driver’s license

How to Handle Credit Report Discrepancies in Washington DC 

The Fair Credit Reporting Act (FCRA) requires credit bureaus to maintain accurate and correct credit report records. Unfortunately, it can be difficult to get credit reporting bureaus to correct inaccurate information. The first thing you need to do is get a copy of your credit report from each of the three credit reporting bureaus. 

Here, you can go through your credit report line by line and determine where any mistakes or inaccuracies have been made. Your attorney will assist you in handling any:

  • Bad faith credit reporting agencies
  • Mixed or merged credit files
  • Lack of effort in investigating disputes

Your credit report lawyer in Washington DC will analyze the details of your case and your credit report to determine whether filing a lawsuit against the credit reporting agency in question is appropriate. 

Violating the Fair Credit Reporting Act 

Violations of the Fair Credit Reporting Act should be taken seriously. If the credit reporting agency fails to take action to resolve the dispute, your attorney may be able to take legal action against them. 

You can explore your legal options under the FCRA with your attorney when you discuss the specific details of your case. Furthermore, you may be able to file a complaint against the credit bureau to ensure your rights are enforced.

How a Credit Report Attorney in Washington DC Could Help You 

Although law-enforcement officials across Washington DC are responsible for investigating instances of identity theft, there is no such agency handling legal action against unscrupulous credit reporting bureaus. If a credit reporting bureau has failed to take action to correct issues with your credit report, it is up to you to take action to protect your financial future and name. 

Your attorney can help you obtain copies of your credit report, notify creditors of any issues that may be affecting your true credit score, and handle the filing of any criminal complaints due to identity theft or fraud.

Get Help from a Credit Report Lawyer in Washington DC 

If you have noticed discrepancies in your credit report and you are unsure where to turn for help, reach out to our dedicated Washington DC credit report lawyers at Berger Montague for legal guidance and support. 

Our firm probably offers no-cost, risk-free consultations to individuals dealing with credit report issues across Washington DC and nearby cities. Take advantage of this opportunity when you complete our online contact form or call our office to discuss the specific issues with your credit report.