Experian makes collectors’ jobs easier
Experian announced a new service today that notifies creditors “when a debtor’s ability to pay appears to be improving.” It also provides updated address information and “[m]onitoring of public record, civil action, tradeline and demographic events to help prioritize and segment collection strategies.” I think that means Experian will happily monitor the personal lives of debtors.
Given how inaccurate credit report information is, this is another good reason to keep a close watch on your credit report. If you find items that do not look familiar, dispute them right away. And if you find yourself the subject of a debt collection gone wrong, request debt verification immediately and contact a consumer attorney.
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