New Mexico Credit Reporting Lawyers

Discovering an error on your credit report can be frustrating, but sometimes, it can turn into far more than a minor inconvenience. If you’ve noticed an error on your credit report, or you’re a victim of fraudulent credit reporting, our team of seasoned New Mexico credit reporting lawyers stands ready to effectively handle your case and get you the peace of mind you deserve. Contact Feferman, Warren & Mattison for a free initial consultation today.

Credit Reporting Errors & Why You Need to Fix Them

Credit reporting errors are more common than most people think, and they can have serious financial consequences if left uncorrected. These mistakes can lower your credit score, affect your ability to obtain a loan or rent an apartment, and even impact your job opportunities. That’s why it’s critical to act quickly if you discover any inaccuracy on your credit report. Importantly, credit reporting errors come in many forms, but some of the most frequent that we see include:

• Accounts that don’t belong to you: These might result from identity theft or from your file being mixed with someone else’s who has a similar name or Social Security number.
• Outdated or inaccurate balances: Creditors sometimes fail to update your account status, showing higher balances or past-due accounts that have already been paid.
• Incorrect personal information: Errors in your name, address, or Social Security number can cause confusion or merge your file with another individual’s.
• Duplicate accounts: A single debt may appear more than once, making it look like you owe more than you do.
• Wrong account status: Closed accounts might be reported as open, or accounts might be inaccurately marked as delinquent or in collections.

Even a single error can hurt your credit score. A lowered credit score can make it harder and more expensive to secure loans, mortgages, insurance, and employment. Worse still, some errors may indicate deeper problems, such as identity theft or systemic misreporting by creditors or data furnishers.

The Fair Credit Reporting Act (FCRA), a federal law, gives you the right to dispute inaccurate information and requires credit reporting agencies to investigate your claim. In New Mexico, consumers are also protected by the Unfair Practices Act, which offers additional avenues for relief when credit reporting errors result in financial harm.

What is Fraudulent Credit Reporting & How Can a Lawyer Help?

Fraudulent credit reporting goes beyond simple errors—it often involves false, misleading, or deliberately inaccurate information being added to your credit file, usually without your consent. Whether it’s the result of identity theft, creditor misconduct, or data manipulation by a third party, fraudulent credit reporting can wreak havoc on your finances and your future. Fraudulent reporting can take several forms, including the following:

• Accounts opened without your knowledge or permission using your personal information.
• Fake or inflated debts reported by businesses that you’ve never dealt with.
• Manipulated information submitted by creditors in retaliation for disputes or complaints.
• Re-aging of debts to make old, time-barred accounts appear new and collectable.
• These actions can destroy your credit score, lead to harassment from debt collectors, and in some cases, even prevent you from securing housing or employment.
• Fraudulent credit reporting can be difficult to fix on your own, especially when credit bureaus or furnishers fail to properly investigate your dispute. A knowledgeable credit reporting lawyer can take the following steps:
• Investigate the source of the fraudulent information and determine whether it violates federal or state law.
• Send legally grounded dispute letters and demand investigations under the FCRA.
• File lawsuits against creditors, furnishers, or credit bureaus if they refuse to correct fraudulent data.
• Pursue compensation for any financial losses, emotional distress, or harm caused by the fraudulent reporting.

At Feferman, Warren & Mattison, we’ve represented countless consumers across New Mexico who have been victims of credit reporting fraud. We understand the stress and financial disruption it causes, and we know how to fight back.

Under the FCRA and the New Mexico Unfair Practices Act, you have rights. If a company or credit bureau has willfully or negligently harmed your credit through false reporting, they may be liable for actual damages, statutory damages, and attorney’s fees.

Contact Our Credit Reporting Lawyers in New Mexico

Don’t face any credit report issue without a team of skilled New Mexico credit reporting lawyers in your corner. Here at Feferman, Warren & Mattison, we are dedicated to representing consumers throughout New Mexico from our office here in Albuquerque. Contact our legal team today to schedule your free initial consultation.