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Lawson @ Law, PLLC is a "debt relief agency" pursuant to Federal Law 524 of Title 11 of the US Code.
Don’t make these mistakes when disputing errors on your credit report
/in Credit Reporting Issues collector on your credit report, credit, credit bureau, credit report, credit reporting agency, debt, debt collector, debt collector on your credit, dispute, disputing errors on your credit, errors on your credit report, false negative credit information, information on your credit, information on your credit report, negative credit information, negative information on your credit, properly investigate your dispute, report, statute of limitations, uniformly respond with #8216 /by Hays LawsonDon’t make these mistakes when disputing errors on your credit report. These tips come from a great article on CreditCards.com Dispute only with the furnisher Skip over the terms of an agreement with the credit bureau Lose evidence Don’t include enough information in your dispute Listen to a debt collector Why you should not dispute […]
Medical Debt vs. Credit Card Debt: Which is Worse?
/in Uncategorized article, card, card debt, card debt combined, combined, control, credit, credit card, credit card debt, credit card debt combined, debt combined, fact, found, interest, medical, medical debt, nerdwallet, notes, pay /by Hays LawsonOur friends at Nerd Wallet have a nice article weighing the negativities of cred card debt to medical debt against each other. The article notes that credit card debt is more predictable and negotiable, at least as to rates. These observations relate to the fact that you are in control of incurring credit card and […]
A Good Overview of Problems and Developments in Credit Reporting
/in Uncategorized #8220, agencies, article, consumer, credit, credit reporting, furnishers, good read, information, it’, notes, problem, profit, read, reporting, reporting agencies, tension /by Hays LawsonThe American Banker recently published a good and informative article with an overview of problems and recent developments in the credit reporting industry. There’s nothing new in the article, but it’s a good read for talking points. I particularly liked the description of the FCRA “dispute process as a virtual merry-go-round of frustration.” The article […]
Who is Southwest Credit Systems, LP?
/in Uncategorized account from southwest, account from southwest for collection, collection, consumer credit, credit, credit report, credit reporting, debt collection, delete, delete negative, delete negative information, failure to delete, funding llc, information, negative, negative information, original creditor, same debt, southwest, southwest for collection /by Hays LawsonSouthwest Credit Systems, LP (“Southwest”) is a debt collection company located in Carrollton, Texas. A quick search of the web reveals multiple complaints about Southwest and its collection methods. It appears, at least in Kentucky, that Southwest collects a lot of telecommunications debt from companies such as AT&T and Windstream Communications, Inc. One of Southwest’s favorite […]
Three Common Mistakes than can Hurt your Credit Score
/in Uncategorized affect, amount, applications, applying, article, auto, bills on time, credit cards, credit reports, credit score, hard inquiries, inquiries, late payments, lenders, limit, money, on-time payment, payment, payments, reports /by Hays LawsonU.S Money just published a good article on Four Mistakes that can Hurt your Credit Score. I’m going to focus on just the first three, because the fourth was simply to routinely check your consumer credit reports. But if you’re not regular monitoring your credit report, chances are that you’ve already caught any of the […]
Standing to Foreclose in KY Requires the Plaintiff to Prove Possession of the Note at the Time Suit is Filed
/in Uncategorized acuff v, failed to produce, failed to produce the original, fargo, fargo bank n.a, foreclosure action, note, note at the time, note at the time suit, original note, produce the original, produce the original note, standing to bring, standing to bring suit, time suit, wells, wells fargo, wells fargo bank, wells fargo bank n.a, wells fargo failed /by Hays LawsonIn a rare win for Kentucky consumers, the Kentucky Supreme Court denied discretionary review in the case of Acuff v. Wells Fargo Bank, N.A., which could prove to be a very important foreclosure case. The facts of Acuff are fairly simple. The bank, Wells Fargo, filed a foreclosure complaint against the Acuffs. Wells Fargo attached a copy of the note […]
Credit Reporting Agency Changes means an End to Parking Debts on Credit Reports
/in Uncategorized collector, collectors, consumer, consumer credit, credit report, credit reporting, credit reports, debt collector, debt collectors, debts, information, negative, negative information, park, parking, parking debts, report, reporting, reports, time /by Hays LawsonThe new credit reporting overhaul and changes means the end of parking debts on credit reports. The recent settlement agreement between the New York Attorney General’s office and the three major consumer credit reporting agencies—Equifax, Experian, and Trans Union—will result in many benefits for consumers. One benefit that’s not getting much discussion is that collections that […]
Student Loan Bill of Rights
/in Uncategorized /by Hays LawsonOn March 10, 2015, President Obama introduced the Student Aid Bill of Rights; another executive action to deal with student loan debt. Read the official Memorandum. The Student Loan of Bill Rights makes some important changes to student loans and the collection student. Joshua R. I. Coehn is a prominent consumer lawyer in the area […]
Remove Judgments from your Credit Report
/in Uncategorized /by Hays LawsonLawson at Law, PLLC can help you remove judgments on discharged debts from your credit report. A bankruptcy discharge “voids any judgment at any time obtained, to the extent that such judgment is a determination of the personal liability of the debtor with respect to any debt discharged under” the bankruptcy code. 11 U.S.C. § […]
Kentucky Statute of Limitations for Credit Card Debt
/in Debt Collector Abuse, Uncategorized action, bank usa, bank usa n.a, borrowing statute, card account, card debt, cause of action, credit card, credit card account, credit card debt, headquartered in delaware, kentucky's borrowing statute, laws of this state, limitations, north carolina, state or country, statute, statute of limitations, usa n.a, years under krs /by Hays LawsonThe statute of limitations for credit card debt is an open question in Kentucky. This is because there is no statute squarely on point and no Kentucky appellate court has yet addressed or decided the issue. Creditors generally take the position that the statute of limitations is five years under […]
Harrell v. Unifund CCR Partners
/in Uncategorized debt, harrell, harrell v, kentucky, unifund /by Hays LawsonThe Kentucky Court of Appeals ruled in favor of Kentucky consumers in the recent, to-be-published case of Harrell v. Unifund CCR Partners. Harrell holds quite reasonably that a debt collector cannot assess, accrue, and collect interest on a debt for time period before it acquires the debt. The was my case. Harrell v. Unifund – […]
The difference between using a debit and credit cards
/in Uncategorized borrowing, borrowing money, course, credit card, debit, debit card, money, pin, processed, statement, transaction, transactions, using a debit, using a debit card /by Hays LawsonSurprisingly, it does make a difference. The most important thing you need to know is that using a debit card does cannot help improve your credit score. This is because, with a debit card, you are not borrowing money like you would with a credit card. Unlike with a credit card, you don’t get a […]
GLA Collection Co. on your Credit Report?
/in Uncategorized /by Hays LawsonGLA Collection Co., Inc. is a Louisville, Kentucky based collection company that focuses on the collection of medical debt. Medical debt is one of the most common types of debt on consumer credit reports. A recent study found that “43 million Americans have overdue medical debt on their credit reports.” And medical debt is the leading causes […]
O’Connell Greenman & Assoc.: Another Arbitration Scam?
/in Uncategorized #8220, amp, associates, call, client, collector, connell, connell greenman, connell greenman amp, contacted, debt, debt collector, greenman, greenman amp, number, o’, proof, steps, washington, website /by Hays LawsonI have a client who was recently contacted by an outfit identifying itself as O’Connell Greenman & Associates. This debt collector made a number of dubious claims on a recorded message that appear to be false, including threatening to sue the client. The debt collector ended in the call with an ominous, “Good luck in Court.” […]
CFPB: Consumer Credit Report Study
/in Credit Reporting Issues, Uncategorized accuracy, amount, collect, collections, collections tradelines, concerns, consumer, consumer credit, consumer credit reports, consumers, credit, credit reports, debt, debts, medical, medical debts, reports, study, tradeline, tradelines /by Hays LawsonThe Consumer Financial Protection Bureau recently published a study concerning the reporting of medical and non-medical debt on consumer credit reports. Some of the pertinent highlights of the study are: Information from recent studies of credit report accuracy and from other sources raise particular concerns about the accuracy and interpretation of collections tradelines, the vast […]
How to Write Effective FDCPA Debt Validation and Verification Letters
/in Debt Collector Abuse 15 u.s.c, 15 u.s.c §, 15 u.s.c § 1692(c, address of the original creditor, collector, collector's initial communication, debt collector, debt collector to obtain, debt collector's initial communication, dispute letter to a debt, don't want a debt collector, letter, letter to a debt collector, see 15 u.s.c, see 15 u.s.c §, see 15 u.s.c § 1692(c, u.s.c §, verification of the debt, want a debt collector, within 30 days /by Hays LawsonDebt validation is a specific right you have under the FDCPA. 15 U.S.C. § 1692g(b). Writing effective debt validation and verification letters is key to exercising this right. Within 30 days of a debt collector’s “initial communication” with a consumer, you the consumer have the right to send a letter to the debt collector disputing […]
4 Medical Debt Myths That Can Cost You Dearly
/in Uncategorized 2012, accounts, bill, billing, collection, collection accounts, collections, consumer, credit, debt, issue, medical bill, medical billing, medical collection, medical collection accounts, medical debt, myth, series, study /by Hays LawsonMedical debt on consumer credit reports is huge problem in this country. As reported by the International Business Times: According to a study by the Commonwealth Fund, 22 percent of adults—approximately 41 million consumers—were contacted by a collection agency over unpaid medical bills in 2012. Another study, by Ernst & Young in 2012, found that medical […]
Bad Credit Decision
/in Uncategorized bad decisions, credit, decisions /by Hays LawsonThere’s a saying that “bad decisions make good stories.” But when it comes to credit, bad decisions just leads to bad or worse credit. Taking out your frustrations on the bank that issued you a credit card in connection with a beef you have with a creditor does not end well. Read more here: http://www.huffingtonpost.com/creditsesamecom/what-not-to-do-with-your-credit_b_6115048.html