Consumers Take Wells Fargo and TransUnion to Trial Over False Credit Reporting

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Reed and MaryAnne Fisher will go to trial on December 12, 2005 in Dept. R-20 of the Rancho Cucamonga Courthouse over a two-year history of false credit reporting by Wells Fargo Home Mortgate and TransUnion. The Fishers are represented by prominent Southern California credit damage and identity theft attorney Robert F. Brennan, of La Crescenta, Ca. Reed and MaryAnne Fisher v. Wells Fargo Home Mortgage and TransUnion, Case No. RCV 074822, San Bernardino Superior Court, Rancho Cucamonga Courthouse.

In the spring of 2001, San Clemente residents Reed and MaryAnne Fisher had their home red-tagged because of land instability. They thought the biggest nightmare would be dealing with their red-tagged home, but this proved to be the lesser of their nightmares over the next two years.

The Fishers contacted Wells Fargo Home Mortgage, their mortgage servicer, and obtained a forebearance agreement so they did not have to make mortgage payments while their home was red-tagged. Ultimately, Wells Fargo transferred the mortgage to Freddie Mac, the mortgage holder, and Freddie Mac charged off the loan with a zero balance and no negative credit connotations. The Fishers had always been current on their home mortgage payments, and had spotless credit.

Wells Fargo, however, continued to report false negative credit information on the Fishers. It began reporting the Fishers late on their mortgage payments and in default. Wells Fargo also began foreclosure proceedings on the Fisher's home when it had no right to do so.

The negative credit entries from Wells Fargo made it tough for the Fishers to get another home and to pick up the pieces of their lives. This went on for two years. Wells Fargo would, on the one hand, send a letter to the Fishers stating that the credit information was being cleaned up, then on the other hand continue to report the negative credit information.

TransUnion, likewise, continued to report the negative information after both Wells Fargo and the Fishers told it of the inaccuracies.

The Fishers retained prominent Southern California consumer protection and credit damage attorney Robert F. Brennan of La Crescenta, and had to file a lawsuit to finally get TransUnion and Wells Fargo to stop the reporting. But with two years of negative credit reporting ruining their lives, the Fishers are proceeding to trial to let a jury decide whether Wells Fargo and TransUnion acted improperly.

"This is yet another example of how the big players in the credit reporting industry really ignore and neglect the consumers they're supposed to protect," says Brennan. "The Fishers tried for two years to clean up their credit by themselves, only to have the door slammed in their faces repeatedly. Only when they hired an attorney did things start to improve. But by then a lot of damage had been done."

About the trial:

Reed and MaryAnne Fisher will go to trial on December 12, 2005 in Dept. R-20 of the Rancho Cucamonga Courthouse over a two-year history of false credit reporting by Wells Fargo Home Mortgate and TransUnion. The Fishers are represented by prominent Southern California credit damage and identity theft attorney Robert F. Brennan, of La Crescenta, Ca. Reed and MaryAnne Fisher v. Wells Fargo Home Mortgage and TransUnion, Case No. RCV 074822, San Bernardino Superior Court, Rancho Cucamonga Courthouse.

Contact Information: Robert F. Brennan, Brennan, Wiener & Associates, 3150 Montrose Ave., La Crescenta, Ca. 91214, (818) 249-5291. Mr. Brennan and his firm are the leading consumer protection and credit damage attorneys in Southern California.

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