Credit, Credit Reports
Federal law gives you the right to submit a dispute and request an investigation when you discover an error in your credit report. Under the Fair Credit Reporting Act (FCRA), both the credit reporting agency and the information provider have responsibilities for correcting inaccurate or incomplete information in your report. When you submit a dispute, the credit reporting agency must investigate the items in question – usually within 30 days – unless they consider your dispute frivolous. You don’t need a lawyer to take action. The self-help action items discussed in this video outlines how to clean up your credit and start the new year off right.
Soon you’ll be able to get your credit report for free. A recent amendment to the federal Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files of the nation’s consumer reporting companies. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the FCRA with respect to consumer reporting companies.
There are many things to think about when entering into a marriage or civil union. One that is often overlooked or that people just don’t know about is the Doctrine of Necessaries (sometimes referred to as Necessities). In South Carolina, this doctrine allows third-party creditors, usually hospitals, to seek payment for a hospital bill from not only the patient but also the patient’s spouse. Under this theory, the spouse is liable for the “necessaries” of the other spouse. In this episode of Level Up Law, we define the doctrine and hit the high points of how it might apply in certain situations.