I was asked how to sue a furnisher of information for reporting false data on a persons credit report. This person (Billy) pulled his credit and has four accounts from Midland on his consumer credit report. He needs to sue them, right?
This is a misconception that most credit experts and lawyers have.
First of all, he did dispute the debt with all three major credit reporting agencies (CRAs),
The problem is that this is a clear violation of the FCRA. That is right… but their is no private right of action. If you sue for this you will loose. You cannot sue for incorrect information even though it is a violation of the law. The government needs to sue for this but a private person cannot. Good luck getting the government to stick up for you.
For case citations see: Peart v. Shiooie, 2009 and Schlueter v. BellSouthTelecom 2010
To have a case you have to find a cause of action with a private right of action.
If you look you will find it.
Fight the Essential Fight,