Baltimore Consumer Protection Law Blog | The Law Offices of E. David Hoskins, LLC

Fighting for Consumers

In Maryland, New York & The District of Columbia

Wells Fargo Scandal

Recently, Wells Fargo, the nation’s largest retail bank, fired over 5,300 employees in the wake of a scandal where employees used customers’ information in order to open sham accounts. The employees apparently opened over two million accounts in order to meet sales quotas. While the retail bank reported surprisingly high sales for this most recent…
Read More

Credit Repair Company Comes Under Scrutiny

Credit repair companies make large sums of money off of helping people in distress try to fix any discrepancies in their credit reports. While not all credit repair companies are bad, and some can actually be quite effective in disputing some claims, several companies have made headlines for their inappropriate scamming behavior. In particular, one…
Read More

Disputing Credit Report Claims and Common Mistakes

Credit scores are a critical part of obtaining a loan, a mortgage, as well as opening a new credit card. Many consumers do not know their credit score has been damaged until they go to apply, making it difficult to fix the damage done. Whether the damage was due to unpaid bills or fraudulent transactions…
Read More

Debt Collectors Subject to Heightened Scrutiny with New Rules

For years, debt collectors have flourished in the billion dollar industry by harassing consumers, sometimes through illegal means, to pay outstanding debts that they sometimes are not even responsible for any longer. It is such a lucrative market that there are roughly 6,000 debt collections agencies in the United States, that are attempting to collect…
Read More

How Getting a Mortgage Just Got More Difficult

A new rule went into effect June 25 that may change consumers’ abilities to gain homeownership. Historically, to become eligible for a mortgage on a home, a consumer must have a certain credit score, which tells banks that the consumer pays at least the minimum required on their loan payments and credit card payments on…
Read More

What Affects Your Credit Score?

Credit scores indicate to lenders how reliable you are when it comes to making payments and managing credit taken out. The range of scores starts with 300, which is the lowest, up to 850 which is the highest, to help determine how much a lender will be willing to loan a consumer on credit. While…
Read More

How to Dispute Credit Report Errors

Rehabilitating a credit score, once damaged, can seem like a confusing and complicated process when first discovered. Your credit report not only contains your personal information such as home address, and credit card/bill payment information, but also a history of the civil judgments entered against you and your borrowing history. That information is then relayed…
Read More

Credit Repair Issues

Your credit score is a number that allows lenders to assess what amount or whether they should approve you for credit in order to obtain a mortgage, loan or credit card and the interest rate charged on a card. Your credit score can be damaged due to a number of situations including payment history on…
Read More

Subprime Auto-Loans

Subprime automobile loans are loans given to consumers who have either bad credit or no credit, at a generally, much higher interest rate. Subprime borrowers are those borrowers who are either just establishing credit or who have either by their own accord or by fraud, had a hit taken to their credit score and thus…
Read More

Beware of Extended Auto Warranties

When a consumer buys a car, whether new or used, they may seek to purchase automobile warranties for a specified period of time so that certain repairs are covered. Automobile warranty coverage depends on a number of factors and can cover the entire car or just certain parts. Different parts of the car are generally…
Read More