Consumer credit advocates are recognized for their legitimate role in advocating on behalf of the consumer for access to fair and accurate credit
Washington, DC – On Thursday, April 1, 2021, the United States 5th Circuit Court of Appeals affirmed a decision from the United States District Court for the Northern District of Texas and ruled in favor of consumer credit repair companies. The court’s ruling rejected the argument that credit repair companies committed fraud by communicating with debt collectors on behalf of consumers as they asserted their rights under the “Fair Credit Reporting Act.”
The following statement was issued by the American Association for Consumer Credit Professionals regarding this important ruling:
“This is a tremendous step in the right direction and we applaud the court’s ruling to ensure that consumer credit professionals can do their job of helping consumers communicate with debt collectors when there is incorrect information on their credit report.
One in five Americans have errors on their credit report. Low-wage workers, the elderly, and minorities are particularly vulnerable. As we continue with the k-shaped recovery and enter the potential fourth wave of the Pandemic, consumers need fair and accurate access to credit.
Consumers have the right to work with consumer credit professionals to advocate on their behalf when there are mistakes or unverifiable information on their credit reports, especially when it adversely affects their livelihood. Our industry is proud to provide such a critical service to those in need and appreciate our leaders at all levels of government for their support in this effort,” said Liz Shrum, Senior Advisor and Spokesperson, AACCP.
AACCP: Modern credit repair organizations work on behalf of consumers to ensure they are treated fairly and to assure the information in their credit reports is accurate and can be substantiated. The American Association of Consumer Credit Professionals (AACCP) serves as a unifying voice for consumers and consumer credit advocacy industry in Washington, D.C., and legislatures across the United States.
Learn more at www.aaccp.org