Mississippi Credit Report Error Damages
Errors on credit reports can happen for many reasons. Whether an identity thief has opened an account in your name, or a lender has falsely reported an account as being in arrears, you retain the right to demand a correction.
The burden falls to the credit reporting agencies to adequately investigate any errors a consumer disputes on their credit report and to remove or fix any credit information that cannot be confirmed as accurate. However, many agencies either refuse or neglect to investigate and correct mistakes, and consumers suffer economic hardships every day as a result of erroneous financial data appearing on credit reports.
Mississippi consumers have the right to recover credit report error damages. Schlanger Law Group is one of only a very few law firms in Mississippi that regularly work on such cases. We have extensive experience in litigating erroneous credit reports when reporting bureaus fail to investigate and remedy mistakes. We are proud to have helped many victims of identity theft or other credit reporting errors receive results, including the correction of the erroneous credit information, voiding of illegitimate debt, and monetary payment for damages.
Consumers who prevail in a suit under the Fair Credit Reporting Act (FCRA) are entitled to their actual damages, as well as statutory damages, attorneys’ fees and costs.
Of course, it is necessary for the consumer to be able to prove his or her actual damages. These can take many forms: credit denials, closed credit cards, having one’s balance limit lowered, missed financial opportunities (such as purchasing a house or car), or even loss of employment.
Actual damages can also take the form of increased outstanding balances (e.g., due to unauthorized charges), interest on unauthorized charges, erroneous late fees, and other related charges.
Emotional suffering, such as sleeplessness and anxiety, can also be recovered if proven to be the result of false credit reporting.
Proving these damages is not always easy. Working with a consumer credit litigation firm in Mississippi can make a big difference in recovering your damages and getting maximum your compensation.
The FCRA also provides for punitive damages (essentially a penalty assessed against the defendants for bad conduct) where the credit reporting or data furnisher’s misconduct is willful.
Mississippi Credit Report Error Damages: Finding the Right Attorney
Those who have suffered financial losses because of an error on a credit report have a cause of action against the credit reporting agencies who failed to take proper action to fix their mistakes. Only a minimal number of law firms in Mississippi work on these cases, Schlanger Law Group in Jackson being one of them. Hiring a Mississippi credit report error damages attorney may be the key to addressing your credit reporting issue. Reach out today to the Schlanger Law Group today to discuss your case with a seasoned professional.