PUBLIC RECORD ERRORS - FailinG TO UPDATE JUDGMENTS AND LEINS
One of the main items on a credit report is public record information. For credit reports, this means any bankruptcy that you filed or any civil judgments or tax liens that have been filed against you. A public record on your credit file can be one of the most damaging items affecting your credit score.
Credit reporting agencies sometimes struggle to update paid judgements and liens. The problem is typically caused by the fact that credit reporting agencies procedures for acquiring the initial public record are different than the procedures it has for acquiring updates to public records. These procedures for updating public records can have a number of shortcomings depending on the jurisdiction where the tax lien or judgment is filed. The difference a paid public record has on your credit score compared to an unpaid public record is significant. Unpaid public records can also have the effect of disqualifying you various loans or employment opportunities. For example, an unpaid civil judgment often will disqualify you from obtaining a mortgage.
Public Record Errors Are A Serious Problem You Should Not Ignore
If your credit report contains a public record error, you should not ignore this problem. Minimally, you need to contact the credit reporting agency to dispute the erroneous items on the report. You also may want to consider speaking to a lawyer. Public record errors can cause numerous harms including:
- Denials of credit including mortgages, auto loans and credit cards;
- Delays or denial of your employment application if your credit is checked;
- Denial of an apartment or other rental property;
- Denial of utility services such a cable tv or a cell phone;
- Denied insurance.
In addition to these harms, public record errors reported about you can adversely impact your reputation and cause substantial emotional stress. All of these harms are compensable under the law, but you are unlikely to receive any compensation without help from a lawyer.
Do You Need Help?
If you think your credit report contains public record errors, Gorski Law may be able to help resolve the problem and obtain compensation for you. Initial consultations are always free. Call 215-330-2100 or email the firm to schedule a consultation.