Law Offices of Barry M. Greenberg A Fresh Start to a New Financial Beginning – Toll Free (866) 963-4441

June 24, 2010

Consumer FDCPA Lawsuits up againt Creditors

Filed under: Bankruptcy,Credit,Credit Reports,Creditor,Debts,FDCPA — Barry @ 7:43 am

It is estimated that 541 different collection agencies and creditors have been named in over 500 consumer statute lawsuits filed nationwide in the first half of June.   These numbers were pulled from data from U.S. District Court complaint dockets.   More consumers are fighting back as credit gets tighter and collection agencies especially buyers of junk debt get more even more aggressive.  http://bit.ly/9jobrM

February 17, 2010

Your Credit Reports are Supposed to be Kept Confidential under Fair Credit Reporting Act

Filed under: Credit Reports — Barry @ 11:09 am

Gregory Navone of Las Vegas and the two mortgage brokerage companies he owned – First Interstate Mortgage Corp. and Nevada One Corp. – were charged in the FTC’s December 2008 complaint with improperly disposing of at least 230 credit reports and other “sensitive consumer records” collected by the firms. Navone did not immediately respond to a request for comment.

Just a short note today.  [This post was originally posted several weeks ago, but the website crashed].  Your credit reports (just like your medical records) and other financial records are supposed to be kept confidential.  What this means is that anything with identifiable information should be securely disposed of and should never be thrown in the trash.

A great big no-no is leaving your social security card number where it can be used by others for various reasons… Number 1, Identity Theft.

Apparantly, Gregory Navone of Las Vegas and the two mortgage brokerage companies he owned –  First Interstate Mortgage Corp. and Nevada One Corp. didn’t understand this or did not care.  They were charged by the FTC’s  with improperly disposing of at least 230 credit reports  and other “sensitive consumer records” collected by the firm.

They have agreed to pay a measily $35,000 for this violation.  This amounts to a little over $150 for each of the 230 records.   Do you think this is enough?

To read more check out:  http://bit.ly/5lvgWx

Powered by WordPress