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

Fighting for Consumers

In Maryland, New York & The District of Columbia

Your Rights Under the Credit Repair Organizations Act (CROA)

The Credit Repair Organizations Act (CROA) was signed into law in 1996 by President Bill Clinton. The effect of the act was to amend the Consumer Credit Protection Act (CCPA) in order to add a section that cracks down on certain unfair business practices that were being used widely by credit repair organizations. Here, our…
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Disputing a Debt Reported by an Out-an-Business Creditor

If you learn of a debt that is on your credit report and you take the steps to dispute the debt, the credit bureau will seek information from the creditor regarding the accuracy of the information reported. What happens, however, if the company reporting the debt is no longer available to provide information? This commonly…
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Do You Open Too Many Store Credit Cards?

Everyone loves a good sale. When you reach the checkout counter with your intended purchases and the cashier offers you 10 percent savings, it can be tempting to take the opportunity. All too often, however, that savings requires applying for and using a store-issued credit card. Store cards can seem harmless, though they have the…
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Common Consumer Complaints

Consumers play an essential role in keeping the economy running. Unfortunately, because consumers may not have a thorough knowledge of the products they buy or the contracts they sign, many parties may try to take advantage of them in a variety of ways, often causing significant financial losses and stress. While federal laws in the…
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Credit Report Institutions Fined by CFPB

The information contained in your credit report gives lenders a picture into what your financial background has been and where you currently are, indicating whether they should lend money to you or should be wary. It is wise to monitor your credit reports on an annual basis in order to determine whether any financial decisions recently…
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What is the Fair Credit Reporting Act?

The Fair Credit Reporting Act is a federal law enforced by consumers and also by the Federal Trade Commission and the Consumer Financial Protection Bureau. The purpose of the law it’s to ensure that consumers’ privacy is protected when it came to how consumer credit, insurance, and the information is released to businesses and lenders….
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IRS Delays Due to Fraud

Since 2013, millions of Americans received fraudulent calls from hackers and scammers stating that they owed the Internal Revenue Service anywhere from a few hundred to several thousands of dollars in taxes. These scam artists used threats through numerous methods as a way to intimidate individuals into confirming their personal identifying information or giving their…
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Debt After the Holidays & Your Credit Score

The holiday season is a time that most of us look forward to all year. While we want to spread the holiday cheer, remaining financially responsible is a task that becomes difficult for many Americans. One study found that those Americans with debt from holiday gifting added almost $1,000 dollars onto preexisting debt. Gifts can…
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How Co-Signing a Loan Can Affect Your Credit

Millions of Americans apply for credit cards, loans, and mortgages every year but are denied due to poor credit or lack of credit history. This can result in a borrower enlisting a co-signer to sign onto the loan in order to satisfy the lender. For those who co-sign on the loan, there can be serious…
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Fake Accounts, Forced Arbitration & Banking Fails

Wells Fargo made national headlines in Fall 2016 when it announced it would be letting roughly 5,300 employees go, after creating two million fake accounts. These employees created the fake customer accounts in order to meet sales projections enacted by the company, by using current customers’ information to make and then subsequently close these accounts,…
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