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Herb Weisbaum says: “Complain to the feds.” We say: “OK, that too, but first…”

Michael Rapp Jan. 7, 2014

Herb Weisbaum, an NBC News contributor and known as the “The ConsumerMan“, penned an article about credit reporting errors.

He accurately states that a mistake in your credit report can hurt your ability to get a credit card, qualify for a loan, rent an apartment or even be hired for a job. He tells consumers that if errors aren’t quickly corrected (as is too often the case), they should contact the Consumer Financial Protection Bureau (CFPB). We think you should do that too, but first you should call a consumer protection lawyer.

The CFPB received more than 10,000 complaints about credit bureaus from October 2012 to 2013. That is a lot! Unfortunately, only 30% of the complaints show as being resolved. Flooding the CFPB with complaints does show them the gravity of the issues and how many people are having problems and helps everyone in the long run, but that doesn’t help you get your problems solved quickly. Calling a consumer attorney, that files a lawsuit on your behalf, might. (taking your case at no charge to you by the way.)

read Herb’s article here