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4 votes
Accepted

FICO score calculation exact breakdown

No It's a trade secret owned by FICO, formerly Fair, Isaac and Company (1956-2003) and Fair Isaac Corporation (2003-2009). As a trade secret, it is protected and breaches of the secrecy carry criminal ...
Trish's user avatar
  • 40.5k
4 votes

Can I have a collections report removed from my credit history?

You have a right to post an explanation of a disputed matter, but not necessarily a right to remove a truthful statement of fact, even if it exists for an understandable reason.
ohwilleke's user avatar
  • 221k
4 votes

Will breaking a lease damage my credit score?

Breaking a lease doesn't directly affect your credit status. It can result in a bad recommendation from the landlord, in case a potential new landlord contacts your former landlord. The connection to ...
user6726's user avatar
  • 215k
3 votes

Will breaking a lease damage my credit score?

united-states Quite possibly, yes. Depending on the terms of the lease you signed, you could be liable for the rent for the remainder of your lease term. If you stop paying the rent, your landlord ...
Michael Seifert's user avatar
3 votes
Accepted

In the US, can disputed claims (factual dispute) still be reported to a credit bureau?

Yes A creditor (or alleged creditor) in the US may report such a debt, but must include in the report the information that the debt is disputed, if the creditor has been informed in writing that there ...
David Siegel's user avatar
2 votes

Can a claim be litigated after a arbitration?

No, but not because of the 5th amendment The 5th amendment only applies to prosecution by the state, not to private civil claims so it’s irrelevant. The reason that you can’t take this to court is ...
Dale M's user avatar
  • 213k
2 votes

Are credit card issuers required to maintain statement receipt records?

presumably due to a software glitch You can prove that? I’ll give you several other equally “presumable” scenarios: the Post Office lost it. It happens and if the bank can show they posted it, that’...
Dale M's user avatar
  • 213k
2 votes

How do I read Forms 990?

It is a little unclear what you are asking, but non-profit entities have to file a form with the IRS every year called Form 990 which is similar to a tax return, except that in the usual case, no ...
ohwilleke's user avatar
  • 221k
2 votes

Can a defaulted debt negatively affect one's credit without being affirmed by a court judgment?

united-states Yes, such debts can harm credit ratings Creditors can, and routinely do, report defaults, and late payments (more than 30 days late) that are not defaults, to credit reporting agencies (...
David Siegel's user avatar
2 votes
Accepted

Legality of Credit Bureaus selling information without consent

The First Amendment protects the freedom of the press, which generally includes the right to publish information, including personal information, including for profit. There are laws limiting a ...
bdb484's user avatar
  • 60.7k
1 vote

Employer ran credit check without my consent

An employer should notify you if carrying out a credit check on yourself. That said, if you were joining a finance firm or a bank etc - a credit check should be expected due to the nature of the ...
bce's user avatar
  • 56
1 vote
Accepted

Is arbitration an "action or proceeding"?

The statute referenced, 15 USC 1681h(e) (which is Section 610 of the Act), states: (e) Limitation of liability. Except as provided in sections 616 and 617 [§§ 1681n and 1681o] of this title, no ...
ohwilleke's user avatar
  • 221k
1 vote
Accepted

Can a claim be litigated after a arbitration?

The other answers stating that this cannot be done by @DaleM and @bdb484 reach the correct result. But the reason that would usually be articulated by a court for this result, is that an arbitration ...
ohwilleke's user avatar
  • 221k
1 vote
Accepted

Can a consumer bring an FCRA claim twice concerning the same inaccuracy?

No The principle of Res Judicata prevents it - same parties, same facts, same legislation means that you should have brought all your claims at the same time. It’s possible that a Henderson v ...
Dale M's user avatar
  • 213k
1 vote

credit report on decedent

As executor, you have a duty to settle the debts of the decedent. A credit report could reveal unknown debts. The typical death-notice publishing may also reveal debts, but I'm not persuaded that all ...
user6726's user avatar
  • 215k

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