From home mortgages to auto loans, student loans, and credit cards, credit reports are the basis for a person’s “credit score” and thus are the key ingredient in today’s credit-driven economy. An inaccurate credit report can prevent you from qualifying for credit, or from being able to obtain credit on favorable terms. The inaccuracy of credit reports has increased as the number of credit transactions and instances of identity theft have exploded in recent years.
As a result of the mortgage and foreclosure crisis, new laws have gone into effect which further strengthen consumer protections, and there are new programs which provide certain homeowners with options for modifying mortgages.
Debt Collection
Simply because you’ve been sued on a credit card account or other obligation does not mean you owe a debt or must pay it. Many debt collection lawsuits are based on inaccurate or inadequate information, or may be past the statute of limitations. In particular, collection lawsuits brought by “debt buyers” (companies which are not the original creditor) are often highly suspect because documentation regarding the account and the acquisition of the account is lacking. Quat Law Offices assists consumers in defending against collection lawsuits and obtaining the best possible results. These efforts often cause the creditor to reduce the claim or eliminate it entirely. And, if your rights have been violated in any way, you may be able to recover money from the creditor or debt collector.