Angela sits down with Jacob Hipensteel to discuss the credit system, errors in reporting and how to resolve issues. Jacob is a consumer attorney licensed in Arizona. He's a partner and the director of litigation at McCarthy Law PC a national law firm that focuses on fighting.

For the little guy, McCarthy Law fights for justice by suing banks, debt creditors, and collectors and credit reporting agencies for violations of consumer protection laws.

What You Will Hear:

• What inspired Jacob to be a lawyer
• What a consumer attorney does
• Common credit report errors and resolution issues
• Customer service.  Credit report agencies customer vs consumer
• Identity theft
• What attracted Jacob to consumer law
• Early financial literacy.  The envelope system
• Best advice ever received.  Growth mindset
• Becoming more financially fit.  Understanding budgeting and credit as tools
• Shocking and concerning facts about credit disputes and scores
• Advice for our youth

Quotes:

‘The whole system is set up in a way that they're not able to review the disputes, correct the errors and do what's right by the consumer.” 

“As unfortunate as it is, there I think everybody understands that we live in a pretty litigious society. I mean, everybody's gonna sue everybody for anything all the time…..but at the same time, there's not a lot that gets a big bank's attention outside of a lawsuit sometimes.”

“it's supposed to be hard when you're learning new things. When you're trying to grow it's supposed to be hard. That's the point. That's you growing.”

“You can't do that. You can't use credit as a tool if you don't understand how it works.”

“If you're looking at something and you don't like the way it works or you don't like the system that's in place you don't like how things are functioning, you can do something about it. There's ways to change these things.”

“It's important to make sure that the advice you're getting is real advice and that  you're not just going in circles because it's hard enough to get things fixed when you're doing it the right way.

Mentioned:

McCarthy Law

AngelaBessard.com

[email protected]

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