Many people rely on free credit reporting companies to keep track of their credit scores, but unfortunately there are cases where these companies give their clients false information. This can be harmful for people who are simply trying to manage their finances. If you receive incorrect information in your credit report, you may be able to file a claim against the company. To learn more, read on or reach out to a California Fraudulent Credit Reporting Lawyer today!
WHAT SHOULD I DO IF I SUSPECT A FREE CREDIT SCORE COMPANY OF FRAUDULENT CREDIT REPORTING?
By law, you are entitled to one free credit score report per year from each of the three major credit reporting agencies (Transunion, Experian, and Equifax). According to the Fair Credit Reporting Act (FCRA), you have the right to dispute any incomplete or inaccurate reporting from a credit score company.
If you believe that a credit reporting company is providing false information, you can contact the Credit Bureau to notify the agency and open a dispute. The Credit Bureau must investigate your claim by checking with your creditors, like your credit card company, your bank, or debt collectors. You can submit your side of the story for the investigation. If the Credit Bureau finds missing on inacurrate information on your report, they will correct it with the free credit score company. You can also contact your creditors directly to notify the credit agency to solve the error.
CAN I FILE A LAWSUIT IF THE CREDIT BUREAU CAN’T HELP?
There’s a chance that the Credit Bureau and your creditors won’t be able to help you. If this is the case, you can file a claim with the Federal Trade Commission (FTC) instead. The FTC is in charge of enforcing the Fair Credit Reporting Act, and they may be able to assist you in suing the free credit report company. If that doesn’t work, you can also try contacting your State Attorney General to file a complaint against the credit agency.
If neither of these options pan out, you can always rely on an experienced consumer law attorney to help you file a lawsuit against the credit agency for violating the FCRA if the agency made an error with your credit report. Your attorney may prove that the free credit score company committed either a wilful violation or a negligent violation. You’re likely to receive more damages for willful violations, which is when the credit agency purposefully misinforms you. A negligent violation occurs when the agency fails to use reasonable care and makes a harmful error as a result. Either type of violation could be a valid lawsuit.
Are you looking for a fraudulent credit reporting attorney to help you through this process? Loker Law is here to fight for you! Contact us today for quality legal counseling.