FCRA Violations / Compensation
CFPB Slams the Hammer on the 3 Credit Bureaus for violating these 3 FCRA listed below and there’s more.
Get $1,000 Per Violation!
- Credit Bureaus refuse to correct information after being provided proof. Defamation, willful INJURY.FCRA 623 Cushman vs Transunion.
- The consumer reporting agency shall notify the consumer of the reinsertion in writing not later than 5 business days after the reinsertion. FCRA 611, 5Bii
- Failing to respond to disputes within 30 days FCRA 611A1
Four types of damages you can be awarded
If you win a lawsuit, you may be entitled to a sum of money, known in the legal world as “damages.” Damages, in many cases, come in two major categories: punitive and compensatory damages. Punitive damages seek to punish the person for their wrongdoing. In contrast, Compensatory damages are intended simply to pay the person who was injured.
- Actual damages or Compensatory
- Statutory (if willful) you ask to delete but they didn’t
- Punitive (if willful) punish for their actions
- Attorney fees/cost you win they pay court cost
Secret Number 1
- Credit Bureaus don’t want you to know they must notify you of any reinsertion in writing not later than 5 business days after the reinsertion by mail or, if authorized by the consumer for that purpose, by other means available to the agency.
- Failure to notify you the Credit Bureaus will be liable under the FCRA Part (A) (5) (B) (ii).
- You can sue the Credit Bureaus and be compensated $1,000 for the Credit Bureaus violating the FCRA
Secret Number 2
- You (the consumer) are protected under the FCRA (Fair Credit Reporting Act).
- FCRA Section 611 Part (A)(1)
- You can be compensated $1,000.00 for the credit bureaus failing to do their job.
Secret Number 3
- The Credit Bureaus don’t want you to know if they refuse to correct information after being provided proof
- This is considered defamation of character and willful injury
- The FCRA Section 623 protects you (the consumer) on June 9,1997 Cushman Vs Transunion won in the Court of appeals
- To determine how much you can be compensated is deemed by the courts. The courts will evaluate the extent of the damages