Loker Law

What to Know About Inaccurate Credit Reporting in CA

Schedule Your Free Consultation
Focused professional analyzing financial reporting at her desk with a laptop and documents.

If you have noticed inaccurate credit reporting of any kind, do not hesitate to give our legal team a call today to speak with a skilled California credit report lawyer. We are here to help.

What are the most common kinds of inaccurate reporting?

You will want to keep in mind the most common types of inaccurate reporting before deciding whether you are facing this issue or not. The Consumer Financial Protection Bureau pinpointed many standard errors on credit reports, including:

  • Personal Information
  • Accounts belonging to another person with the same or similar name as you
  • Errors in your identity data, such as wrong name, phone number, or address
  • 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
  • Inaccurate date of last payment, date opened, or date of first delinquency
  • The 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?

Just like with any other legal matter, you will want to settle credit reporting issues as soon as you can. These issues only tend to grow more and more complicated as time passes and you might even miss out on the opportunity 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:

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

This means that if you found the violation on June 1, 2020, you will have until June 1, 2022, to dispute the inaccurate reporting, receive a response from the Credit Bureaus (which can take up to 30 days or more as mentioned above), and file your lawsuit. You will want to keep in mind that this is a time-intensive process so you will want to begin disputing the inaccurate credit information as soon as possible. To learn more, give our firm a call today to examine the specifics of your case with our experienced legal team.

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.

Watch Some of Our Latest Videos