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The Consumer Law Group, P.C.

What You Should Know About Filing a Lawsuit Under the Fair Credit Reporting Act

The Fair Credit Reporting Act (FCRA) affords individuals certain rights when dealing with credit reporting agencies. For example, the FCRA protects your ability to:

  • See what is in your credit file
  • Correct inaccurate information on your credit report
  • Get your credit score
  • Remove old and outdated information from your credit report
 

And this is hardly an exhaustive list of your rights under the FCRA. Additionally, if your rights are violated, you may have the right to file a lawsuit and seek compensation from the companies or agencies that are a concern.

This is an important protection for consumers, and it has allowed many people to recover compensation for the harm done to them by crediting reporting companies that break or “bend” the rules. However, if you think you may be ready to file a lawsuit under the FCRA, there is a lot you need to know before you get started.

Why Filing a FCRA Lawsuit Might Make Sense in Your Case

Filing a lawsuit isn’t the right choice for everyone. In some circumstances, it might not be possible. In other circumstances, it just might not make sense to go through the trouble. However, there are a lot of reasons why filing a lawsuit might be the right choice, including:

  • You let credit reporting agencies know that they can’t get away with violating rights.
  • You can recover compensation for the harm that has been done by the violation of your rights, as well as other damages.
  • You have a better chance of removing harmful information from your credit report or otherwise attaining your goals with your legal case.
 

Additionally, in successful cases, attorneys’ fees are usually compensated. This means that consumers have little to lose if they have a legitimate case under the FCRA.

How to Sue Credit Reporting Agencies for Violations of the Fair Credit Reporting Act

In most cases, you must have filed a dispute with the credit reporting agency before you can move forward with a lawsuit. If you are unsure if you need to file a dispute for your problem, or if you are unsure how, don’t hesitate to contact our law firm for help investigating and organizing your case.

In fact, investigating your case with an experienced attorney should already be your next step if you haven’t been able to get results by filing a dispute. If you are able to file a lawsuit in your circumstances, it’s important to at least speak with an experienced consumer attorney before you get started. The law can be very complicated, and individuals often feel overwhelmed when taking on huge creditors and companies. An attorney who has direct experience with these kinds of cases can help you investigate your case and prepare everything you need to move forward confidently.

For more information, or to start investigating your rights today, reach out to the skilled attorneys at The Consumer Law Group at 804-282-7900, or fill out the short contact form on this page.