Are Errors on Your Credit Report Holding You Back?
Is your credit report riddled with inaccuracies? Are you being unfairly penalized with higher interest rates or denied loans because of inaccurate information?
At Cannon Legal PLLC, we understand how frustrating and financially damaging inaccurate credit reporting can be. We are dedicated to helping consumers in Texas resolve these issues and reclaim their financial standing.
You have rights under the federal Fair Credit Reporting Act (FCRA) and Texas law to ensure your credit information is fair and accurate. We are here to enforce those rights.
Understanding Arbitration in Credit Reporting Disputes
Many creditors, banks, and credit card companies include mandatory arbitration clauses in their consumer agreements. This is a crucial area of consumer law in Texas.
Don’t Let Inaccurate Credit Reporting Control Your Life.
Whether your case requires aggressive litigation in court or strategic representation in arbitration, our firm is ready to fight for your rights.
Know Your Rights Under the FCRA.
The Fair Credit Reporting Act (FCRA) is a federal law that gives you the right to an accurate credit report. If credit bureaus or creditors violate your rights by reporting false information or failing to conduct a proper investigation into your disputes, you may be entitled to compensation. Our firm is dedicated to enforcing these consumer protections.
Thorough File Review
We conduct a line-by-line review of your credit reports to identify every potential inaccuracy and violation.
Strategic Disputes
Our team drafts and sends legally sound dispute letters to credit bureaus and furnishers on your behalf.
Legal Action
If disputes are ignored or handled improperly, we are prepared to file lawsuits to enforce your rights under the FCRA.
Credit Monitoring
We offer guidance on how to monitor your credit effectively to prevent future inaccuracies and protect your financial health.
What is Arbitration?
Arbitration is a form of Alternative Dispute Resolution (ADR). It is a private process where disputes are resolved outside of traditional courtroom litigation.
- Instead of appearing before a judge and jury, the dispute is presented to an impartial third party, called an arbitrator or a panel of arbitrators, who hears the evidence and makes a legally binding decision.
- The goal is often to provide a more cost-effective and time-efficient alternative to a lawsuit.
Why Arbitration Matters in Your Credit Case
If your contract contains an arbitration clause, you may be required to take your dispute to arbitration instead of filing a lawsuit in court.
- We Are Experienced in Arbitration: Cannon Legal PLLC has experience in navigating arbitration proceedings. We are skilled in developing a winning strategy, whether in the courtroom or before an arbitrator.
- Compelling Arbitration: We are experienced in handling cases where the goal is to confirm, vacate, or compel arbitration as necessary, depending on the specifics of your case.
- Strategic Advantage: We understand the rules and procedures of the major arbitration tribunals (like the American Arbitration Association – AAA and JAMS) and can leverage this knowledge to your advantage to seek the correction of inaccurate information and damages for the harm caused.
How Cannon Legal PLLC Can Help You
We offer comprehensive legal assistance to correct credit reporting errors and seek remedies for the harm you have suffered.
- Understand Your Rights: We will explain your rights under both federal and Texas credit reporting laws, including what information is prohibited on a credit report.
- Dispute Inaccurate Information: We guide you through the process of formally disputing errors with credit bureaus (Experian, Equifax, TransUnion) and the companies providing the information (furnishers).
- Seek Legal Remedies: If credit bureaus or furnishers fail to correct inaccurate information or violate your rights, we can explore legal options, including pursuing:
- Injunctive Relief: A court order that can stop the ongoing harm from inaccurate reporting and require a party to cease reporting false information.
- Declaratory Judgment: An official court statement that declares specific information as inaccurate and can order its removal.
- Damages: Seeking compensation for the financial harm you’ve suffered under the Texas Deceptive Trade Practices Act (DTPA) and other applicable laws.
- Address Debt Collection Issues: We emphasize the requirement under Texas law for debt collectors to inform credit bureaus that a debt is disputed in writing.
- Identity Theft Correction: If you are a victim of identity theft, we can help you take the necessary steps to correct your credit report and other affected public records.
Texas Credit Reporting FAQ’s
We can help you understand your rights, guide you through the dispute process, potentially seek legal remedies like injunctions and damages for violations of credit reporting laws, and advise you on the best course of action to correct inaccuracies and protect your financial future.
A declaratory judgment is a court’s official statement about the status and rights of the parties. In credit reporting, it could declare that a particular item on your credit report is inaccurate and potentially order its removal.
Injunctive relief is a court order that can require a party to stop doing something, such as continuing to report inaccurate information on your credit report.
Yes, you may have grounds to sue if a credit bureau or furnisher negligently or willfully violates the FCRA or Texas credit reporting laws and causes you harm.
If you disagree with the results of the investigation, you have the right to file a statement of dispute to be included in your credit report. You may also have legal options, and consulting with an attorney like Cannon Legal PLLC can help you understand your next steps.
Yes, a debt collector can report a debt, but under Texas law, if you dispute the debt in writing with the collector, the collector must inform the credit bureaus that the debt is disputed
If the investigation confirms the information is inaccurate, the credit bureau must correct or delete the information from your credit report.
Under the FCRA, credit bureaus generally have 30 days to investigate a dispute. Furnishers also have a duty to investigate when they receive a dispute from a credit bureau.
You should immediately dispute the error in writing with both the credit bureau that issued the report and the company that provided the information (the furnisher). Keep copies of your dispute letter and any supporting documentation.
The FCRA is a federal law that protects consumers by regulating the collection, dissemination, and use of consumer credit information. It gives you the right to access your credit report, dispute inaccuracies, and limit who can access your report.
