The Benefits of Hiring a Credit Report Error Attorney

If there are errors in your credit report, or you are unfairly reported as a bad credit risk, you may have difficulty raising credit for important purchases, a mortgage, or even be considered a bad risk when applying to rent. When you do succeed in raising credit or are considered for insurance policies, you may get worse terms than you deserve. 

Worst of all, if you have fallen victim to identity theft and fraudulent transactions, your credit score can plummet, even though it is not your fault. If you are struggling to rectify credit report errors, a credit report error lawyer in Florida may be able to help you. Contact Sharmin & Sharmin P.A. today for a free case evaluation at 561-655-3925. Here’s why it is worthwhile.  

Benefits of Rectifying Florida Credit Report Errors

There are numerous benefits to rectifying credit report errors. It is a matter of making your financial life easier by ensuring you have the reputation for financial responsibility you deserve. Benefits include:

• A better credit score.
• Better chances of getting loans approved. 
• Lower interest rates or premiums.
• More favorable credit card offers. 
• A better chance of getting the rental home you prefer.
• Combating the consequences of identity theft.
• An accurate reflection of your financial habits.

All of these things will matter to you at one time or another. Even employers sometimes check job applicants’ financial history as an indicator of their overall approach to responsibility. In short, having an accurate credit report should matter to you. 

What Do Credit Report Error Attorneys Do in Florida?

If you have spotted errors on your credit reports or think there may be something wrong with them, a credit report lawyer can:

• Review credit reports with you and evaluate inaccuracies.
• Help you collect supporting evidence to prove errors. 
• Draft effective dispute letters to raise disputes under the Fair Credit Reporting Act (FCRA). 
• Handle correspondence and follow-ups.
• Negotiate for the removal or correction of erroneous records.
• Mitigate the consequences of fraud and identity theft on your financial reputation.
• File FCRA lawsuits to compel corrective action and potentially sue for damages. 
• Give you ongoing credit monitoring advice. 

With services like these helping you to stay in control of what’s on your credit reports, this type of help can be invaluable. You may be surprised by just how many people are affected. Here are some facts and figures to consider. 

Florida Credit Reports Are Wrong Far More Often Than Most People Realize

Underlining the need for a credit error report lawyer, the facts and figures regarding incorrect credit reports are staggering.

• A 2024 Consumer Reports study found that 25% of participants recruited to assess the “error epidemic” could not even access their credit reports. 
• Complaints to the Consumer Financial Protection Bureau are likely the tip of the iceberg. These totaled 430,000 complaints in 2023 alone. 
• Consumer Reports notes 2.5  times more complaints regarding credit report errors between 2021 and 2024. 
• The Federal Trade Commission (FTC) estimates that 5% of consumers have serious errors reflecting on their credit reports. 

The nature of errors includes incorrect personal information, account status reporting, account status reporting (duplicate entries, late payments, etc.), balances, and serious data management issues. These mistakes affect people’s lives, sometimes without them even realizing it. 

It’s a complex area to navigate, and getting things set to rights is far more difficult than it should be. That’s why so many people are recognizing the benefits of hiring a credit report error lawyer. Give our office a call at 561-655-3925 to find out the next steps for your case today.