Plain-language articles on credit reports, disputes, consumer rules and business credit. Educational only, not legal advice.
Derogatory entries on your credit report, such as 30-day late payments, 60-day late payments, collections, and more, can seriously damage your credit score. Is there a way to get derogatory items removed from your credit report so that…
The Consumer Financial Protection Bureau has proposed a new rule related to small-business credit access. This proposed rule, required by Congress in the Dodd-Frank Act, would,…
WASHINGTON — Attorney General Bob Ferguson announced Wednesday that Renton-based collection agency, Convergent, will pay more than $1.6 million over misleading letters it sent to Washingtonians.…
Hospitals have sued fewer patients over unpaid medical debt since the media brought the practice to the public’s attention in 2019, according to a study published…
by Analytics Insight August 26, 2021 Lenders, collection agencies, law firms, and other organizations in financial services inherently operate with a certain level of risk. And…
Yesterday, the Consumer Financial Protection Bureau (CFPB) issued its long-awaited Notice of Proposed Rulemaking (NPRM) related to Dodd-Frank 1071. As we have discussed in this space, Section 1071 amends…
If you’re facing big bills from COVID-19 or other medical issues and you’re worried about your credit, keep this in mind: Your credit score can recover…
Published studies and bad press about hospitals’ medical debt lawsuits led to a substantial decline in the number of collection cases against patients. The combination of research,…
The California Commissioner of the Department of Financial Protection and Innovation (DFPI) recently posted a checklist of requirements for the state’s debt collection licensing application on…
SAN FRANCISCO — A federal judge granted final approval to a $1.1 million settlement to resolve claims that a debt collector used district attorney letterhead in…
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