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What to Know About Inaccurate Account Information Disputes in California

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To learn more about inaccurate account information reporting, do not wait to reach out to our skilled inaccurate account information disputes lawyer at Loker Law, APC. Our legal team is on your side no matter what. Give us a call today to get started. We are on your side.

What are the most common kinds of inaccurate reporting?

You will want to recognize the most common types of inaccurate reporting before deciding whether you are facing this issue or not. The Consumer Financial Protection Bureau specified several common errors on credit reports, including the following:

  • Personal Information
    • Mistakes in your identity data, such as wrong name, phone number, or address
    • Accounts belonging to another person with the same or similar name as you
    • Incorrect accounts resulting from identity theft
  • Reporting of Account Status
    • Closed accounts registered as open
    • You are reported as the owner of the account when you are just an authorized user
    • Accounts that are incorrectly reported as late or delinquent
    • Incorrect date of last payment, date opened, or date of first delinquency
    • Same debt listed more than once
  • Balance Errors
    • Accounts with an incorrect current balance
    • Accounts with an incorrect credit limit
  • Data Management Errors
    • Reinsertion of false information after it was fixed
    • Accounts that arise multiple times with different creditors documented

How long do I have to fix inaccurate credit reporting?

Similar to any legal issue, you will want to resolve credit reporting problems as soon as possible. These issues only tend to get grow more and more complicated as time passes and you might even lose out on the chance to contest the inaccurate credit reporting if you wait too long. This period to file a lawsuit is known as the “Statute of Limitations.” The federal Fair Credit Reporting Act requires a consumer to bring an action within the earlier of:

  • 2 years after the date of discovery of the violation; or
  • 5 years after the violation occurs

This suggests on its most basic level that if you found the violation on June 1, 2020, you will have until June 1, 2022, to debate the inaccurate reporting, obtain a response from the Credit Bureaus (which can take up to 30 days or more as noted above), and file your lawsuit. Keep in mind that this is a time-intensive process so you will want to begin disputing the inaccurate credit information right away.

Contact a California Consumer Lawyer

If you are facing any sort of consumer-related issue, such as one involving identity theft, a credit report dispute, or you need a debt collection defense attorney to fight for you, our firm is ready to help. Contact Loker Law, APC today to schedule your initial consultation with our experienced legal team.

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