Yes, most courts have held that the Fair Credit Reporting Act (FCRA) enables individuals to sue. In the law, this is called a private right of action. In order to make a claim under the FCRA, a consumer must establish the following factors:
1. The inclusion of inaccurate information in the credit report;
2. the inaccuracy caused by the consumer reporting agency’s failure to follow reasonable procedures to assure accuracy;
4. the injury caused by the inaccuracy of the credit report.
- If there is an error on your credit report, what do you do?
- If a consumer disputes information on his or her credit report must that be included in the credit report?
- Do credit reports contain credit scores?
- Can a credit report include bankruptcies, lawsuits, and arrests?
- Can a consumer reporting agency send a credit report to prospective employers?
- Does the Equal Credit Opportunity Act (ECOA) prohibit credit discrimination based on sexual orientation?
- How do you prove credit discrimination?
- Recently a creditor denied me credit for what I believe was because of my race or gender. Do I have any recourse?
- What is the difference between a secured and unsecured creditor?
- What is the Fair Credit Reporting Act
- Can consumers view their credit scores?
- What is a credit score?
- What is a credit report?
- What can you do if there is an error on your credit card bill?
- Do credit cards always have annual fees?
- What is a variable rate?
- Where do you go to select the right credit card?
- How can you build good credit?
- What factors determine whether you will receive credit?
- Didn’t the U.S. Congress just pass a new law on credit cards?