FCRA Violations: Credit Reporting Errors
Fair Credit Reporting Act (FCRA) was created in order to protect the sensitive personal credit information
of consumers. One of the provisions of the FCRA states that credit agencies
must promptly respond to reports of incorrect information. If they do
not investigate disputed information in a timely manner, they could be
found in violation of the FCRA and could be responsible for paying damages.
Examples of credit report inaccuracies can include:
- Confusion of name, address, and Social Security number
- Incorrect payment status
- Remedied delinquencies that still show up on the report
- Mixed information from an ex-spouse
- Mixed account information due to identity theft
Correcting Credit Reporting Errors
If you notice a credit reporting error, you should take immediate action.
Erroneous information can seriously harm your financial health and may
make it difficult for you to open a new line of credit, obtain a loan,
or apply for a job. In order to report an error, you will need to do the
Tell the credit reporting company
in writing what information you believe is not accurate.
- Include copies of documents that support your claim.
- Send the letter by certified mail, “return receipt requested”
so that you can know when the company receives your communication.
- The credit reporting company will have 30 days to review the information.
After the investigation, they will be required to provide you with a copy
of the results in writing and a free copy of your credit report that reflects
the changes that were made.
If you have sent multiple requests to a credit reporting agency like Equifax,
Experian, or TransUnion and have still not been able to have the erroneous
information removed, you may have grounds for legal action. An experienced
Chicago consumer rights lawyer at Sulaiman Law Group, LTD can advise you
on your case and inform you of your legal options. Under the provisions
of the FCRA, you won’t be responsible for any attorney fees if you
have a valid case; the credit agency will be responsible for all costs
associated with their violation of the law. Do not hesitate to involve
an attorney in your FCRA matter.
To speak with an attorney at our firm, please call (312) 313-1613.