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False information published by states' high courts

Supreme courts' questionable utterances after 2018

| By Greg Fisher

This is a problem. #1804XO

The CFPB states: "Almost half of tax liens survived the July 2017 removals, but by April 2018, none remained. Bankruptcies are now the only type of public record on credit reports.4"

However, the Rhode Island Judiciary states,"To verify a civil or small claims judgment showing up on a credit report: ... " #nonbankruptcy

And, the Texas State Law Library states

Various kinds of financial information can be included on a credit report, including:

  • Account history. This can include information about the type of account, loan amounts, credit limits, account balances, and payment history.
  • Collections items. Examples include overdue child support payments, debts, and unpaid loans that have been sent to collections.
  • Public records. Examples include court records of bankruptcies, evictions, liens, and any criminal history.
  • Credit inquiries. This includes a history of credit inquires when applying for a new loan. 

The New York Attorney General states

Checklist

When you receive your credit report, review it carefully for common errors, including:

  • Inaccurate personal information, such as name, middle initial, suffix (like Jr., Sr., or III), Social Security number, and address
  • Accounts listed incorrectly as open, delinquent, or in collections
  • Credit accounts, bankruptcies, tax liens, or other judgments that do not belong to you

The Mississippi Insurance Department:

What Affects a Credit Score?

There are several factors that determine credit scores. Each factor is assigned a weighted number that, when applied to your specific credit information and added together, equals your final three-digit score. Following is a list of common factors:

  • Major negative items – Bankruptcy, collections, foreclosures, liens, chargeoffs, etc.
  • Past payment history – Number and frequency of late payments.
  • Length of credit history – Amount of time you’ve been in the credit system.
  • Homeownership – Whether you own or rent.
  • Inquiries for credit – Number of times you’ve recently applied for new accounts, including mortgage loans, utility accounts, credit card accounts, etc.
  • Number of open credit lines – Number of major credit cards, department store credit cards, etc., that you’ve actually opened.
  • Type of credit in use — Major credit cards, store credit cards, finance company loans, etc.
  • Outstanding debt — How much you owe compared to how much credit is available to you.

Finally, the Ohio Supreme Court states

What is pre-suit or pre-filing mediation?

Pre-suit also, called pre-filing mediation, is the same as mediation, which occurs after a lawsuit has been filed but with greater benefit because it takes place before a foreclosure action is filed in court against you. Therefore, there are no filing fees, less stress, impact on credit reports, etc. Once a lawsuit is filed, it is public record. Credit reporting services monitor court records and note the filing of a foreclosure on a person’s credit report. Pre-suit mediation that results in a mutually acceptable agreement may avoid a public record, save expenses, and solve a problem (like non-payment). Parties are encouraged to anticipate their inability to make payments due to (financial counselors are a great resource to assist you in this phase):

  • Injury or illness (temporary or permanent);
  • Adjustable Rate Mortgage (ARM): a mortgage loan where the interest rate changes periodically throughout the course of the loan;
  • Balloon Payment: any repayment option under which the borrower is required to pay the entire amount of the outstanding balance of the loan as of a specified date or the end of a specified period;
  • Expenses becoming greater than income.

The high court of Columbus has no leg to stand on. #7Septillion

There is no time left.




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