Can I Sue a Company For False Credit Reporting?
The Fair Credit Reporting Act (FCRA) is a Federal Law that regulates the use of consumer credit information. The purpose of the law is to protect consumers against inaccurate information on their credit reports. If you are concerned about having an accurate credit report, here’s what you should know:
1. The FCRA requires you to monitor your own credit. When you notice that anything is incorrect on your credit report, you must sent a dispute letter to the credit-reporting agency before taking any legal action against your creditor or the credit reporting bureau.
2. The credit reporting agency must conduct a reasonable investigation into your dispute and prepare a credit report that is as accurate as possible after following all policies and procedures.
3. If the creditor fails to conduct a reasonable investigation and/or prepare an updated credit report, you may sue.
Unmatched Level of Service:
We take special care during our free consultation to offer the best options for your specific case or situation. Based on years of experience helping others, our honest assessment will lay a solid foundation for you to confidently move forward, knowing that you are making the best choice in a stressful situation.