Credit Damage

FDCPA Lawsuits Outnumber FCRA Lawsuits 4 to 1 in 2014

Posted by on Feb 24, 2015 in Credit Damage, Credit Damages, Credit Expert, Credit Expert Witness, FCRA Expert, FCRA Expert Witness, Uncategorized | 0 comments

Thanks to Webrcon, the final 2014 FCRA (Fair Credit Reporting Act) and FDCPA (Fair Debt Collections Practices Act) complaint stats are in.  FCRA complaints remained steady compared to 2013 with 2,327 in 2014. FDCPA complaints dropped slightly from 2013 with 9,720. With just over 12,000 yearly FCRA and FDCPA complaints, the demand for qualified and competent expert witness’s remains high. True specialists in FCRA and FDCPA litigations are limited. I welcome your call to discuss your...

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How to Retain a Credit Expert or Credit Damage Expert

Posted by on Nov 11, 2014 in Credit Damage, Credit Damages, Credit Expert, Credit Expert Witness, FCRA Expert, FCRA Expert Witness | 0 comments

    When researching options for hiring an expert for your (FCRA or FDCPA case, credit damage, breach of contract, credit slander, credit fraud, negligence, unfair trade practices etc.) the first criteria you should consider is EXPERIENCE. Not case experience, industry experience. There are many different credit experts with varying degrees of experience. Hiring an expert that has never worked in the credit industry may get you through discovery but if the case goes further an unqualified expert can jeopardize your case. One reason so many self-proclaimed credit experts are...

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FCRA Claim? An FCRA Expert Witness can Help

Posted by on Sep 9, 2014 in Credit Damage, Credit Damages, Credit Expert, Credit Expert Witness, FCRA Expert, FCRA Expert Witness | 0 comments

FCRA Claim? An FCRA Expert Witness can Help

FCRA Expert Witness The Fair Credit Reporting Act (FCRA) is a federal law that details how consumer credit information can be collected, given out, and used. It not only protects consumers by specifying their rights, it also lists the responsibilities of companies who collect the credit information, distribute the credit reports, and use the information. While many perceive the law as regulations for the Credit Reporting Agencies, many FCRA claims are filed against the users or data furnishers. Section 615 below. The FCRA imposes obligations on data furnishers to provide correct and accurate...

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Credit Damages – Have They Occured?

Posted by on Aug 27, 2014 in Credit Damage, Credit Damages, Credit Expert, Credit Expert Witness | 0 comments

Credit Damages – Have They Occured?

Credit Damage One of the most common questions I field in my credit expert witness work is whether or not credit damages have occurred. It’s a fairly simple question, but the answer is never quite as easy. First off, does a lower credit score as a result of credit reporting equate to credit damages? If the consumer loses access to a credit card because of credit reporting, have they been economically damaged? What if the account didn’t have a balance and the consumer Plaintiff had access to another credit card? One of the great unknowns in the world of credit expert witnesses is the credit...

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An Introduction to a Credit Damages Expert Witness

Posted by on Jul 2, 2014 in Credit Damage, Credit Damages, Credit Expert, Credit Expert Witness | 0 comments

An Introduction to a Credit Damages Expert Witness

Credit Damage Expert Dean Binder Greetings, my name is Dean Binder and I’m a credit industry insider. I’ve been a part of the consumer credit world since 1991 and have spent time at both Equifax and FICO (formerly known as Fair Isaac). FICO is best known as the company that created the FICO credit scoring system. I write periodically for media outlets on the topic of consumer credit. Most recently I was one of the credit bloggers invited to write for the New York Times’ website. My topics were almost always credit reporting, credit scoring, credit damages and the various credit related laws...

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