Credit Report Error Sue
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Credit Report Error Letter
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How To Fight Credit Report Errors
Articles Search Term Location Legal TopicsDebt ManagementCredit Repair For Bad Credit If the Credit Reporting Agency Does Not Correct Your Report: What to Do Here's what to do if the
How To Dispute A Credit Report Error
credit reporting agency refuses to fix your credit report. by Margaret Reiter, Attorney Share on Google Plus Share on Facebook If you dispute an item in your credit report, and the credit reporting agency refuses to correct it, there are additional steps you can take to remedy the problem. (Learn more about disputing items on your credit report in your Cleaning how to dispute a credit report error experian Up Your Credit Report topic area.) Why the CRA Might Not Correct Your Credit Report You have a right to dispute any inaccuracies in your credit report. Once you dispute an item in your report, the credit reporting agency (CRA) has a duty to either delete the information or further investigate the matter and then report back to you. (To learn how to dispute an item and the CRA’s duty to respond, see How to Correct Errors in Your Credit Report.) Sometimes the credit reporting agency will respond that the creditor reporting the information verified its accuracy and completeness, and that the information will remain in your file. What to Do if the CRA Doesn’t Correct Your Report If this happens, and you still believe the information is inaccurate or incomplete, you will need to take more aggressive action to clean up your credit report. This may be frustrating and time-consuming. Here are some ideas to help you in your efforts to fix your credit report. Contact the Creditor or Debt Collector Directly Contact the creditor or bill collector assoc
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misuse your credit information, for violations of the federal Fair Credit Reporting Act (FCRA). The FCRA regulates the collection, dissemination, and use http://www.debtinversion.com/r/Lawsuits-Illegal-Credit-Reporting.php of consumer credit information. Whenever a creditor, debt collector or credit bureau violates your rights under the FCRA, you can recover up to $1,000 PER VIOLATION or your Actual Damages (see below), plus PUNITIVE DAMAGES, attorney's fees and court costs. LAWSUITS AGAINST CREDIT BUREAUS Under the FCRA you may sue a credit bureau for violation credit report of any of the following rules: •A credit bureau must investigate, change or remove any incorrect data from your credit report. •Credit bureaus may not retain negative information for more than seven years from the last payment made. The exceptions to this rule are that bankruptcies may be reported for 10 years after the bankruptcy credit report error discharge and tax liens can be reported for seven years from the time they are paid. •Credit reports can be issued only to those with a legitimate business reason. These include creditors, employers, landlords, insurers and government agencies, or anyone else for whom you request a report. •You must give your consent for a credit report to be issued to a potential employer or landlord. •Credit bureaus are required to help you understand your credit report. LAWSUITS AGAINST CREDITORS, DEBT COLLECTORS AND OTHERS WHO REPORT FALSE OR INCOMPLETE CREDIT INFORMATION TO CREDIT BUREAUS A credit information furnisher is a company that provides information to credit bureaus. Information furnishers include creditors, debt collectors (collection agencies), credit card companies, auto finance companies, mortgage lenders, state and city courts, and employers. Under the FCRA you may sue a credit information furnisher for violation of any of the following rules: •An information furnisher must provide complete and accurate information to the credit bureaus. •If you dispute an