Orlando Credit Report Error Lawyer

Unfortunately, credit report errors are common, but that does not mean they are harmless. You have rights when it comes to an accurate credit report. If you spot errors, you have recourse to get them corrected, and both creditors and reporting bureaus are legally required to do so. If you are trying to manage the very real consequences of an inaccurate credit report, you need the support of an Orlando credit report lawyer with Sharmin & Sharmin P.A.

Why Hire an Orlando Credit Report Error Lawyer with Sharmin & Sharmin P.A.?

Credit report errors can significantly affect your life and feel overwhelming to identify and correct. You may be entitled to compensation through a lawsuit if you have suffered losses due to the errors and agency or business failures to correct them. Some of the ways our team at Sharmin & Sharmin can help include:

• Managing contact with reporting agencies and creditors to get the issues resolved 
• Identifying and collecting evidence to support your case for resolution or compensation
• Flexible payment options, including contingency models 

Sharmin & Sharmin P.A. offers over 20 years of experience handling Orlando identity theft and credit report lawsuits to residents of Orlando and surrounding areas. Our firm has dedicated experience in these fields that many other firms lack, making us uniquely qualified to help you with these cases. 

How Do Credit Report Errors Happen?

Credit errors can happen for any number of reasons. Some may be relatively innocent or honest mistakes, while others can be glaring signs of identity theft or fraud. Regardless of your initial assessment of the errors, it is critical to address them quickly, as they can be some of the first indicators that something is wrong. Some of the common errors you may see include:

• Misspelled names 
• Incorrect or outdated contact information 
• Incorrect balances
• Accounts you are unaware of

Sometimes, you may have a Social Security number similar to another, leading to someone else’s information landing on your report. Someone working for a creditor may have erroneously entered your information into their system. However, unrecognized accounts, cards, or balances that seem higher than you would expect can be red flags for larger issues.  

Credit Report Errors Can Have a Significant Impact

Your credit report is involved in most of your significant financial activity. While your credit report is not the same as your credit score, the report can give you a better understanding of, and often informs, the score. This means that errors in the report can mean errors in calculating your score and may affect:

• Applying for a personal loan 
• Credit card limits and your revolving utilization 
• Deposits required for loans, leases, or utilities
• Interest rates 
• Jobs
• Housing approvals for a mortgage or lease 

Your credit report is used to indicate your financial reliability in many of these circumstances. Erroneous information gives people an inaccurate understanding of the risks of lending to you, costing you money and opportunities. 

Mitigating the Damage of Credit Report Errors

Whether you discover the issue from proactively reviewing your credit report or after investigation because you were denied for a job, loan, or other line of credit, you have options. The Fair Credit Reporting Act requires reporting bureaus and creditors to work with you to ensure the information on your credit report is accurate.