Not fixing a bad credit report pays $18.6 million dollar jury award.
This is the recent case of Julie Miller whose credit file was merged and mixed with someone else with the same name. After numerous attempts and lots of documentation provided showing Experians errors, they simply refused to correct the information causing her to be denied credit. Read about the full case
There have been recent law changes which further require credit bureaus to be damn careful and accurate about what they report. This is one of the biggest reasons consumers sue the credit bureaus and it happens consistently.
If you have read this blog, you will see I am not a fan of the credit bureaus. They have this “pompous, I don’t give a shit attitude” and are more then willing to throw millions into fighting lawsuits over their terrible mistakes which greatly impact consumers. My warning: if you are disputing with credit bureaus and creditors, make sure you can fully document the errors and can prove damages. You may have a fighting chance and sometimes, apparently, it’s worth it.
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