Credit reports are developed, updated, and collected in order to view and understand a person’s credit history. Financial lenders pay close attention to your credit report because that is what tells them whether you’re a safe investment – and if they don’t like what they see on your report, they will refuse to give you a loan or corner you into a high interest rate.

While this is intimidating already, the weight your credit report holds becomes more uncomfortable when you learn that 1 in 5 consumers has mistaken information on their credit report. These mistakes are often costly; you could end up paying a high interest rate because you have debts on your credit report that aren’t yours. This risk especially affects people who pass their first name onto their child(ren). Their child’s debts often show up on their credit reports, dramatically affecting their credit report.

You should periodically check your credit report to see your progress and to check for any errors. Under Federal Credit Reporting Act, you are entitled to a free annual credit report. To order your free credit report, visit annualcreditreport.com. If you have errors on your credit report that misrepresent your financial history and cause you to pay higher interest rates, you may be entitled to compensation. Call our office – we will fight for you.

If you view your credit report and are unhappy with your score, you can take steps to increase it, such as closing your most recent account(s) and acquiring a secured credit card and paying it diligently.

At Ross & Ross, we are dedicated to helping our clients live better, more fulfilling lives. Call us anytime you need help. We are a full service firm, which means we handle almost everything.  If we don’t handle it, we know who does and can direct you to them. Among other things, we routinely practice personal injury, bankruptcy* and debt matters, wills, powers of attorney, and family law. 

* Federal law requires the following disclosure: We are a debt relief agency helping people file for relief through bankruptcy under the bankruptcy code.

**This is lawyer advertising.

*** The contents of this site are for informational purposes only and are not intended to be legal advice. No attorney-client relationship

exists until you meet with an attorney from our firm and we agree to accept you as a client.