On April 5th, 2010 a jury in San Diego voted 9-3 for the defense in a credit damages claim against an insurance company. John Ulzheimer served as the credit expert witness for the defense team and testified at deposition and trial that the actions of the defendant did not, in any way, cause credit damages [...]
Read MoreWashington, DC – Tomorrow, Rep. Luis Gutierrez (D-IL), Chairman of the Subcommittee on Financial Institutions and Consumer Credit, will hold a hearing to examine the role consumer credit scores and reports play in today’s economy. Credit scores and reports are ubiquitous in the current financial marketplace and are used for everything from credit card and [...]
Read MoreIt has now become the million-dollar question despite the fact that only yesterday it was a 25 cent question because everyone already knew the answer. How long does it take for your credit scores to recover from a short sale or a foreclosure? Years, right? These incidents remain on your credit reports for 7 years [...]
Read MoreThis is text from a press release issued March 1 2010 by Scott Owens, Esq from the law firm of Cohen and Owens, P.A. Florida Consumer Turns Tables On Debt Collector — Sued For $800.00 Dollars, Consumer Collects $120,000.00 Dollars From Debt Collector Boca Raton resident Steven J. Pincus incurred legal fees in excess of [...]
Read MoreI reviewed a recent FCRA and credit damages lawsuit where one party was making a “I was a co-signer for credit only” arguement. She contends that she only co-signed to help the other party to qualify for the loan and had no intention of actually being liable for the payments. The story continues when the [...]
Read MoreDebt Collectors and Creditors Beware, FCRA and FDCPA Lawsuits Skyrocket On December 16th of 2008 I predicted a sharp increase in consumer credit related lawsuits in 2009. Boy did I nail that one. According to Jack Gordon, CEO of WebRecon LLC, a service that tracks FCRA and FDCPA filings, “we’re on pace to eclipse 8,500 [...]
Read MoreI heard that it is important to take your credit card up to the limit once, then keep your balance low, is this true, is there any benefit Comments: Commenting not available on this post. This article should not be interpreted as legal advice or testimony. It does not represent any conclusive opinion of the [...]
Read MoreFew people are in more demand but less in supply than the consumer credit expert witness. These individuals possess a truly unique understanding of credit reporting, credit scoring, credit damage, identity theft, and the various credit laws, which govern how lenders and credit bureaus access and use our personal data. This issue of this month’s [...]
Read MoreSomeone I know is filing chapter 7 bankruptcy and he owes me money. My question is this.. is an IRA considered an asset that can be tapped to pay his debts? Comments: Commenting not available on this post. This article should not be interpreted as legal advice or testimony. It does not represent any conclusive [...]
Read MoreI have a credit card balance of $14,400 and am being offered a settlement amount of $7,000. The credit card company has threatened me that if I do not respond with an answer on Monday 06/08/09 I will be sued for the full amount. I’m currently in the process of selling my house. It has [...]
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John Ulzheimer is the President of The Ulzheimer Group, LLC, and founder of CreditExpertWitness.com. He is a nationally recognized expert on credit reporting, credit scoring and identity theft.
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