If I sue a credit reporting agency under the FCRA, will they pay attention?
When you’re dealing with a credit reporting agency, you may wonder, “If I sue a credit reporting agency (such as Equifax, Experian, TransUnion) under the FCRA (Fair Credit Reporting Act), will it grab their attention?”
Yes, it definitely will get their attention to sue them under the FCRA in Federal Court.
This doesn’t mean that you will automatically be successful, because you have to follow the rules, and your case needs to have enough support for your position.
When they get a lawsuit like this, they treat it seriously.
Here are a couple of reasons why:
1.) They’ve been sued in Federal Court.
This should get anyone’s attention.
2.) They’ve been sued under the FCRA.
This allows you to be awarded damages.
These may include mental anguish, economical loss, and punitive damages.
Mental anguish is where you say, “This is very upsetting, and very disturbing for me to deal with.”
Economical loss is where, because of false credit reporting, you’ve been turned down for a home or business loan.
In this case, there’s different levels of economic loss, because your interest rate is higher than you should be paying.
The difference you’re paying may be the damages you can get.
Punitive damages punish the credit reporting agencies.
You can also get attorney’s fees.
Not only do they have to pay you and their attorneys, but they also will have to pay your attorney,
It’s very serious when a credit reporting agency is sued under the FCRA
However, they will sometimes try to act like they have done nothing wrong.
Especially if your lawyer isn’t experienced in this area, the credit reporting company will say, “Oh, we haven’t done anything wrong here. Just take $1,000 and let this case go.”
We’ve had cases where they’ve said that to us, and they ended up paying us a 6 figure check.
Understand that, even if they treat it seriously in their mind, they will tell you everything is fine.
Feel free to contact us
If you live in Alabama and you’re wondering about your credit reports, or whether you can sue the credit reporting agency, you are more than welcome to get in touch with us.
If you have already hired a lawyer, don’t call us. Your lawyer should be able to answer your questions.
However, if you have not hired a lawyer and would like to get advice, feel free to call us at 1-205-879-2447, or fill out a contact form and we will happily get in touch with you.
I look forward to talking with you!
Have a great day.